SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

IBK Securities Co., Ltd.

(Last)

(First)

(Middle)

11 GUKJEGEUMYUNG-RO 6-GIL,

YEONGDEUNGPO-GU

(Street)

SEOUL

07330

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/02/2022

3. Issuer Name and Ticker or Trading Symbol
NUSCALE POWER Corp [ SMR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	283,860	D⁽¹⁾⁽⁶⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B Common Stock	⁽²⁾	⁽²⁾	Class A Common Stock	4,241,765	⁽²⁾	I⁽³⁾	See footnote⁽³⁾⁽⁶⁾
Class B Common Stock	⁽²⁾	⁽²⁾	Class A Common Stock	372,420	⁽²⁾	I⁽⁴⁾	See footnote⁽⁴⁾⁽⁶⁾
Class B Common Stock	⁽²⁾	⁽²⁾	Class A Common Stock	2,138,705	⁽²⁾	I⁽⁵⁾	See footnote⁽⁵⁾⁽⁶⁾

Explanation of Responses:

1. Consists of 283,860 shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of NuScale Power Corporation (the "Issuer") directly held by IBK Securities Co., Ltd. ("IBKS").

2. Each share of Class B common stock, par value $0.0001 per share ("Class B Common Stock"), of the Issuer, when paired with one Class B Unit of NuScale Power, LLC, may be exchanged at the holder's election for one share of Class A Common Stock.

3. Consists of 4,241,765 shares of Class B Common Stock directly held by Next Tech 1 New Technology Investment Fund ("Next Tech 1"). IBKS is, together with BH Investment and Liberty Ltd. ("BHI"), a co-general partner of Next Tech 1. IBKS disclaims any beneficial ownership of the securities held by NextTech 1, other than to the extent of any pecuniary interest it may have therein, directly or indirectly.

4. Consists of 372,420 shares of Class B Common Stock directly held by Next Tech 2 New Technology Investment Fund ("Next Tech 2"). IBKS is, together with BHI, a co-general partner of Next Tech 2. IBKS disclaims any beneficial ownership of the securities held by NextTech 2, other than to the extent of any pecuniary interest it may have therein, directly or indirectly.

5. Consists of 2,138,705 shares of Class B Common Stock directly held by NuScale Korea Holdings LLC ("NuScale Korea"). IBKS is the sole general partner of IBKS SME Accelerating Private Equity Fund, which is, together with each of YJA SME M&A Private Equity Fund and Whale No.1 SME M&A Private Equity Fund, a member of NuScale Korea Ltd., which is the sole controlling person of NuScale Korea, with the indirect right to vote or dispose of the shares of Class B Common Stock held by NuScale Korea. IBKS disclaims any beneficial ownership of the securities held by NuScale Korea, other than to the extent of any pecuniary interest it may have therein, directly or indirectly.

6. Industrial Bank of Korea ("IBK"), as the controlling person of IBKS, and the Republic of Korea Ministry of Economy and Finance ("MOEF"), as the controlling person of IBK, are deemed to be indirect beneficial owners of the shares of Class A Common Stock owned by IBKS, and the shares of Class B Common Stock owned by Next Tech 1, Next Tech 2 and NuScale Korea. IBK and MOEF disclaim any beneficial ownership of the securities held by IBKS, Next Tech 1, Next Tech 2, and NuScale Korea, other than to the extent of any pecuniary interest they may have therein, directly or indirectly.

Remarks:

See Exhibit 24.1 - Power of Attorney

	IBK SECURITIES CO., LTD By: /s/ Kim, Duck Kyun Name: Kim, Duck Kyun Title: Director, Head of Private Equity Division	06/03/2022
	** Signature of Reporting Person	Date
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