NuScale Power Corporation
|Company Name||NuScale Power Corporation|
On October 19, 2023, Iceberg Research published a report alleging, among other things, that NuScale “recently disclosed a huge contract with blockchain datacenter service provider Standard Power. This contract has zero chance of being executed as Standard Power clearly does not have the means to support contracts of this size.” Additionally, the report stated that “NuScale has around 15 months before its cash runs out.”
On this news, NuScale’s stock price fell $0.58, or 11.5%, to close at $4.46 per share on October 19, 2023, thereby injuring investors.
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