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SVAC News
SVAC Events
General Fusion Group Begins Trading on Nasdaq, Raises Approximately $150M
General Fusion Group began trading on the Nasdaq under the ticker symbol "GFUZ," following the completion of its previously announced business combination with Spring Valley Acquisition Corp. III (SVAC). General Fusion is entering the public markets with approximately $150M in cash, inclusive of net transaction proceeds from the private placement and trust capital, to advance its practical fusion energy technology. This capital is expected to fund General Fusion's Lawson program through several key technical milestones, which the Company aims to complete in 2028, with the goal of demonstrating and de-risking its Magnetized Target Fusion technology in a commercially relevant way. "At General Fusion, we are dedicated to our vision of bringing practical, clean, and abundant fusion energy to the world," said Greg Twinney, CEO. "We bring more than 20 years of real-world testing, demonstration, and results to the development of commercial fusion energy. We are excited about this next chapter and grateful to Spring Valley and our shareholders for joining us in our commitment to this mission."
General Fusion Group Completes Business Combination with SVAC
General Fusion Group announced the successful completion of the previously announced business combination between Spring Valley Acquisition Corp. III (SVAC), a publicly traded special purpose acquisition company, and General Fusion Inc. With the business combination now closed, the company's shares and warrants are expected to begin trading on Nasdaq under the ticker symbols "GFUZ" and "GFUZW," respectively, on July 13. "General Fusion is entering the public markets with approximately $150M in cash, inclusive of net transaction proceeds from the private placement and trust capital, to advance its practical fusion energy technology. This capital is expected to fund General Fusion's Lawson program through several key technical milestones, which the Company aims to complete in 2028, with the goal of demonstrating and de-risking its Magnetized Target Fusion technology in a commercially relevant way," the company stated. "General Fusion is developing a practical path to fusion power that can help address major challenges, from climate change and energy security to powering AI and data centers. The Company's MTF technology is designed from the ground up with a practical power plant in mind to address critical barriers to commercialization and enable integration with existing power plant infrastructure. Today, General Fusion operates Lawson Machine 26, the first MTF demonstration machine built at a commercially relevant scale and designed to achieve key technical milestones on the path to fusion commercialization," the company added.
Spring Valley Acquisition Corp III Trading Halted
Spring Valley Acquisition Corp III trading halted, volatility trading pause
Spring Valley Acquisition III Shareholders Approve Merger with General Fusion
Spring Valley Acquisition III announced that its shareholders have approved the previously announced business combination with General Fusion Inc., a leader in the global race to commercialize fusion energy. General Fusion securityholders also voted to approve the transaction at a special meeting held on July 6, 2026. The closing of the transaction is expected to occur on or about Friday, July 10, 2026, subject to regulatory approvals and the satisfaction or waiver of all closing conditions. At the closing, Spring Valley will be renamed "General Fusion Group Ltd." Shortly thereafter, the combined company's shares and warrants are expected to trade on the Nasdaq under the ticker symbols "GFUZ" and "GFUZW," respectively, subject to approval of its listing application.
Spring Valley Acquisition Corp. IV Announces Unit Separation Trading Plan
Spring Valley Acquisition Corp. IV announced that, commencing on or about Monday, March 2, 2026, holders of the units sold in the Company's initial public offering may elect to separately trade the Class A ordinary shares and warrants included in the units. The Class A ordinary shares and warrants that are separated are expected to trade on the Nasdaq Global Market under the symbols "SVIV" and "SVIVW", respectively. Any units not separated will continue to trade on Nasdaq under the symbol "SVIVU". No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Each holder of units will need to have its broker contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into Class A ordinary shares and warrants.
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