Oct. 24 at 7:13 PM
$SMR 👁️
Fluor Corporation today announced it has completed the sale of 15 million shares of Class A common stock of NuScale Power Corporation (NYSE: SMR) (“NuScale”) that were converted in August 2025, resulting in net proceeds of
$605 million. The Company expects to use existing tax attributes to limit cash taxes arising from the sales. NuScale shares have appreciated by more than 300% since taking them public at
$10.00 per share in May 2022.
Fluor continues to hold 111 million NuScale LLC Class B units and associated NuScale Class B shares, representing approximately 39% of NuScale’s equity. The Company continues to develop ways for Fluor shareholders to benefit more directly from its NuScale investment.
