Filing Details

CUSIP No. 67079K100

 

13G

 

(1)

Includes 3,554,377 shares of Class A Common Stock of NuScale Power Corporation (the “Issuer”) issuable upon the exercise of warrants.

(2)

Based on 76,775,508 shares of Class A Common Stock of the Issuer outstanding as of November 3, 2023, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on November 9, 2023.

CUSIP No. 67079K100

 

13G

 

1

 

NAMES OF REPORTING PERSONS

 

LMR Partners Limited

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐ (b) ☐

 

3

 

SEC USE ONLY

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Hong Kong

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

5

 

SOLE VOTING POWER

 

0

 

6

 

SHARED VOTING POWER

 

3,554,377 (1)

 

7

 

SOLE DISPOSITIVE POWER

 

0

 

8

 

SHARED DISPOSITIVE POWER

 

3,554,377 (1)

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,554,377 (1)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

4.4% (1)(2)

12

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO, IA

(1)

Includes 3,554,377 shares of Class A Common Stock of the Issuer issuable upon the exercise of warrants.

(2)

Based on 76,775,508 shares of Class A Common Stock of the Issuer outstanding as of November 3, 2023, as reported in the Issuer’s Form 10-Q filed with the SEC on November 9, 2023.

CUSIP No. 67079K100

 

13G

 

(1)

Includes 3,554,377 shares of Class A Common Stock of the Issuer issuable upon the exercise of warrants.

(2)

Based on 76,775,508 shares of Class A Common Stock of the Issuer outstanding as of November 3, 2023, as reported in the Issuer’s Form 10-Q filed with the SEC on November 9, 2023.

CUSIP No. 67079K100

 

13G

 

1

 

NAMES OF REPORTING PERSONS

 

LMR Partners AG

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐ (b) ☐

 

3

 

SEC USE ONLY

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Switzerland

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

5

 

SOLE VOTING POWER

 

0

 

6

 

SHARED VOTING POWER

 

3,554,377 (1)

 

7

 

SOLE DISPOSITIVE POWER

 

0

 

8

 

SHARED DISPOSITIVE POWER

 

3,554,377 (1)

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,554,377 (1)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

4.4% (1)(2)

12

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO, IA

(1)

Includes 3,554,377 shares of Class A Common Stock of the Issuer issuable upon the exercise of warrants.

(2)

Based on 76,775,508 shares of Class A Common Stock of the Issuer outstanding as of November 3, 2023, as reported in the Issuer’s Form 10-Q filed with the SEC on November 9, 2023.

CUSIP No. 67079K100

 

13G

 

1

 

NAMES OF REPORTING PERSONS

 

LMR Partners (DIFC) Limited

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐ (b) ☐

 

3

 

SEC USE ONLY

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United Arab Emirates

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

5

 

SOLE VOTING POWER

 

0

 

6

 

SHARED VOTING POWER

 

3,554,377 (1)

 

7

 

SOLE DISPOSITIVE POWER

 

0

 

8

 

SHARED DISPOSITIVE POWER

 

3,554,377 (1)

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,554,377 (1)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

4.4% (1)(2)

12

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

CO, IA

(1)

Includes 3,554,377 shares of Class A Common Stock of the Issuer issuable upon the exercise of warrants.

(2)

Based on 76,775,508 shares of Class A Common Stock of the Issuer outstanding as of November 3, 2023, as reported in the Issuer’s Form 10-Q filed with the SEC on November 9, 2023.

CUSIP No. 67079K100

 

13G

 

1

 

NAMES OF REPORTING PERSONS

 

Ben Levine

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐ (b) ☐

 

3

 

SEC USE ONLY

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United Kingdom

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

5

 

SOLE VOTING POWER

 

0

 

6

 

SHARED VOTING POWER

 

3,554,377 (1)

 

7

 

SOLE DISPOSITIVE POWER

 

0

 

8

 

SHARED DISPOSITIVE POWER

 

3,554,377 (1)

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,554,377 (1)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

4.4% (1)(2)

12

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN, HC

(1)

Includes 3,554,377 shares of Class A Common Stock of the Issuer issuable upon the exercise of warrants.

(2)

Based on 76,775,508 shares of Class A Common Stock of the Issuer outstanding as of November 3, 2023, as reported in the Issuer’s Form 10-Q filed with the SEC on November 9, 2023.

CUSIP No. 67079K100

 

13G

 

1

 

NAMES OF REPORTING PERSONS

 

Stefan Renold

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐ (b) ☐

 

3

 

SEC USE ONLY

 

4

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Switzerland

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

 

5

 

SOLE VOTING POWER

 

0

 

6

 

SHARED VOTING POWER

 

3,554,377 (1)

 

7

 

SOLE DISPOSITIVE POWER

 

0

 

8

 

SHARED DISPOSITIVE POWER

 

3,554,377 (1)

9

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,554,377 (1)

10

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

☐

11

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

4.4% (1)(2)

12

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN, HC

(1)

Includes 3,554,377 shares of Class A Common Stock of the Issuer issuable upon the exercise of warrants.

(2)

Based on 76,775,508 shares of Class A Common Stock of the Issuer outstanding as of November 3, 2023, as reported in the Issuer’s Form 10-Q filed with the SEC on November 9, 2023.

Item 1(a).

NAME OF ISSUER:

 

 

 

The name of the issuer is NuScale Power Corporation (the "Issuer").

Item 1(b).

ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

 

 

 

The Issuer's principal executive offices are located at 12725 SW 66th Ave, Suite 107, Portland, OR 97223.

Item 2(a).

NAME OF PERSON FILING:

 

This statement is filed by:

 

 

(i)

LMR Partners LLP, LMR Partners Limited, LMR Partners LLC, LMR Partners AG and LMR Partners (DIFC) Limited (collectively, the "LMR Investment Managers"), which serve as the investment managers to certain funds with respect to the shares of Class A Common Stock (as defined in Item 2(d)) issuable upon the exercise of warrants held by certain funds; and

 

 

(ii)

Ben Levine and Stefan Renold, who are ultimately in control of the investment and voting decisions of the LMR Investment Managers with respect to the securities held by certain funds.

 

The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons."

Item 2(b).

ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

 

 

 

The address of the principal business office of each of the Reporting Persons is c/o LMR Partners LLP, 9th Floor, Devonshire House, 1 Mayfair Place, London, W1J 8AJ, United Kingdom.

Item 2(c).

CITIZENSHIP:

 

 

 

LMR Partners LLP is a United Kingdom limited liability partnership. LMR Partners Limited is a Hong Kong corporation. LMR Partners LLC is a Delaware limited liability company. LMR Partners AG is a Swiss corporation. LMR Partners (DIFC) Limited is a United Arab Emirates corporation. Ben Levine is a citizen of the United Kingdom. Stefan Renold is a citizen of Switzerland.

Item 2(d).

TITLE OF CLASS OF SECURITIES:

 

 

 

Class A Common Stock, par value $0.0001 per share ("Class A Common Stock").

Item 2(e).

CUSIP NUMBER:

 

 

 

67079K100

Item 3.

IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

 

 

            

 

(a)

 

☐

  

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c).

 

 

 

 

 

 

(b)

 

☐

  

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

 

 

 

 

 

(c)

 

☐

  

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

 

 

 

 

 

(d)

 

☐

  

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

 

 

 

 

 

(e)

 

☒

  

An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E).

 

 

 

 

 

 

(f)

 

☐

  

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

 

 

 

 

 

 

(g)

 

☒

  

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

 

 

 

 

 

 

(h)

 

☐

  

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

 

 

 

 

 

 

(i)

 

☐

  

A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

 

 

 

 

 

 

(j)

 

☒

  

A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J).

 

 

 

 

 

 

 

 

 

(k)

 

☐

 

Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____.

Item 4.

OWNERSHIP.

 

 

 

The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Persons and is incorporated herein by reference.

 

 

 

LMR Master Fund directly holds warrants to purchase 1,777,189 shares of Class A Common Stock and LMR CCSA Master Fund directly holds warrants to purchase 1,777,188 shares of Class A Common Stock. The shares of Class A Common Stock issuable upon exercise of the warrants held by each of LMR Master Fund and LMR CCSA Master Fund represent approximately 2.3% and the shares of Class A Common Stock issuable upon exercise of the warrants held by LMR Master Fund and LMR CCSA Master Fund in the aggregate represent approximately 4.4% of the outstanding shares of Class A Common Stock, based on 76,775,508 shares of Class A Common Stock of the Issuer outstanding as of November 3, 2023, as reported in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 9, 2023, plus shares that may be acquired by such Reporting Persons within 60 days.

 

LMR Master Fund and LMR CCSA Master Fund are no longer reporting as beneficial owners because they do not retain voting or investment control over the securities that they hold.

Item 5.

OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

 

 

 

 

 

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following ☒.

 

Item 6.

OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

 

 

 

Not applicable.

 

 

Item 7.

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY

BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

 

 

 

Not applicable.

Item 8.

IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

 

 

 

Not applicable.

Item 9.

NOTICE OF DISSOLUTION OF GROUP.

 

 

 

Not applicable.

Item 10.

CERTIFICATION.

 

Each of the LMR Investment Managers and Messrs. Levine and Renold hereby certifies as follows:

 

 

 

By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Each of the LMR Investment Managers other than LMR Partners LLC hereby certifies as follows:

By signing below, I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to an investment adviser is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Securities and Exchange Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.