# Spring Valley Acquisition Corp. III (SVACW) — merger/spac_merger [completed] Source: SEC API (secapi.ai) · situation sit_f1a3fa126cba88fa3316 · retrieved 2026-08-12T21:28:08.813Z ## Overview General Fusion is a fusion energy company pursuing a practical engineering approach to commercial fusion energy through its proprietary Magnetized Target Fusion (MTF) technology; it has raised over $400 million since inception and operates the world-first large-scale MTF demonstration machine (LM26) designed to achieve key fusion technical milestones. General Fusion Inc., a fusion energy technology company, entered into a definitive Business Combination Agreement dated January 21, 2026, with Spring Valley Acquisition Corp. III (NASDAQ: SVIII), a blank-check company. Upon closing, expected in mid-2026, General Fusion will become a publicly traded company listed on Nasdaq under the ticker symbol "GFUZ." The transaction implies an approximately $1 billion pro-forma equity value, inclusive of approximately $105 million from a committed and oversubscribed private placement (PIPE) with institutional investors and $230 million of Spring Valley's trust capital (assuming no redemptions). General Fusion intends to use proceeds to advance its Lawson Machine 26 (LM26) fusion demonstration program and commercialize its Magnetized Target Fusion (MTF) technology. ## Terms - Counterparty: Spring Valley Acquisition Corp. III · Deal value: $1.00B · Consideration: mixed · Stake: 58% · Price/share: $10 ## Key dates - Announced 2026-06-01 · Expected close 2026-06-30 · Completed 2026-01-22 ## Timeline - 2026-01-22 · 425 (0001104659-26-005602): 425 - Spring Valley Acquisition Corp. III — *General Fusion is a fusion energy company pursuing a practical engineering approach to commercial fusion energy through its proprietary Magnetized Target Fusion (MTF) technology; it has raised over $400 million since inception and operates the world-first large-scale MTF demonstration machine (LM26) designed to achieve key fusion technical milestones.* General Fusion Inc., a fusion energy technology company, entered into a definitive Business Combination Agreement dated January 21, 2026, with Spring Valley Acquisition Corp. III (NASDAQ: SVIII), a blank-check company. Upon closing, expected in mid-2026, General Fusion will become a publicly traded company listed on Nasdaq under the ticker symbol "GFUZ." The transaction implies an approximately $1 billion pro-forma equity value, inclusive of approximately $105 million from a committed and oversubscribed private placement (PIPE) with institutional investors and $230 million of Spring Valley's trust capital (assuming no redemptions). General Fusion intends to use proceeds to advance its Lawson Machine 26 (LM26) fusion demonstration program and commercialize its Magnetized Target Fusion (MTF) technology. https://www.sec.gov/Archives/edgar/data/2074850/0001104659-26-005602.txt - 2026-06-01 · 425 (0001104659-26-068415): 425 - Spring Valley Acquisition Corp. III — *General Fusion Inc. is a fusion energy company focused on commercializing magnetized target fusion (MTF) technology, with its world-first large-scale demonstration machine (LM26) operating in Canada.* Spring Valley Acquisition Corp. III (SVAC), a Cayman Islands exempted company, entered into a Business Combination Agreement dated January 21, 2026 with General Fusion Inc., a British Columbia limited company, and 1573562 B.C. Ltd. (NewCo). Under the agreement, SVAC will continue from the Cayman Islands to British Columbia, NewCo will amalgamate with and into General Fusion with NewCo surviving as a wholly-owned subsidiary of SVAC, and SVAC will change its name to "General Fusion Group Ltd." The transaction is structured as an arrangement under the Business Corporations Act (British Columbia). https://www.sec.gov/Archives/edgar/data/2074850/0001104659-26-068415.txt - 2026-06-02 · 425 (0001104659-26-069045): 425 - Spring Valley Acquisition Corp. III — *General Fusion Inc. is a fusion energy company pursuing a fast and practical approach to commercial fusion energy using its Magnetized Target Fusion (MTF) technology; it designed and began operating its Lawson Machine 26 (LM26) fusion demonstration machine in early 2025.* General Fusion Inc., a British Columbia-based fusion energy company, is combining with Spring Valley Acquisition Corp. III (NASDAQ: SVAC), a special-purpose acquisition company, pursuant to a Business Combination Agreement dated January 21, 2026. Under the transaction, SVAC will continue from the Cayman Islands to British Columbia, NewCo (1573562 B.C. Ltd.) will amalgamate with and into General Fusion with NewCo surviving as a wholly-owned subsidiary of SVAC, and SVAC will change its name to "General Fusion Group Ltd." The filing indicates General Fusion is preparing to go public through this previously announced business combination. https://www.sec.gov/Archives/edgar/data/2074850/0001104659-26-069045.txt - 2026-06-03 · 425 (0001104659-26-069628): 425 - Spring Valley Acquisition Corp. III — *General Fusion Inc. is a British Columbia-based company developing magnetized target fusion (MTF) technology, including its Lawson Machine (LM26) program, to commercialize fusion energy.* Spring Valley Acquisition Corp. III (SVAC), a Cayman Islands-incorporated special-purpose acquisition company, entered into a Business Combination Agreement dated January 21, 2026 with General Fusion Inc., a British Columbia limited company, and NewCo (1573562 B.C. Ltd.). Under the agreement, SVAC will continue from the Cayman Islands to British Columbia, NewCo will amalgamate with and into General Fusion with NewCo surviving as a wholly-owned subsidiary of SVAC, and SVAC will change its name to "General Fusion Group Ltd." The transaction is subject to shareholder approval and regulatory approvals, with a Form F-4 registration statement filed with the SEC. https://www.sec.gov/Archives/edgar/data/2074850/0001104659-26-069628.txt - 2026-06-04 · 425 (0001104659-26-070237): 425 - Spring Valley Acquisition Corp. III — *General Fusion Inc. is a fusion-energy company founded in 2002 that develops Magnetized Target Fusion (MTF) technology, mechanically compressing magnetized plasma using a liquid-lithium liner; its lead program is the Lawson Machine 26 (LM26) demonstration machine built at commercially relevant scale.* Spring Valley Acquisition Corp. III (NASDAQ: SVAC) and General Fusion Inc., a British Columbia fusion-energy company, entered into a Business Combination Agreement dated January 21, 2026. Under the transaction, SVAC will continue from the Cayman Islands to British Columbia, NewCo (1573562 B.C. Ltd.) will amalgamate with and into General Fusion with NewCo surviving as a wholly-owned subsidiary of SVAC, and SVAC will change its name to "General Fusion Group Ltd." The business combination implies a pro-forma equity value of approximately US$1 billion, inclusive of a committed and oversubscribed PIPE of about US$107.7 million from institutional investors and roughly US$230 million of Spring Valley's trust capital, assuming no redemptions. The transaction is targeted to close in mid-2026, after which the combined company is expected to trade on Nasdaq under the ticker "GFUZ." https://www.sec.gov/Archives/edgar/data/2074850/0001104659-26-070237.txt ## Citations - 0001104659-26-005602 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926005602 - 0001104659-26-068415 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926068415 - 0001104659-26-069045 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926069045 - 0001104659-26-069628 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926069628 - 0001104659-26-070237 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926070237