General Fusion Begins Trading on Nasdaq, Becomes First Nuclear Fusion Company to Go Public
The company enters public markets with about US$150 million to fund its LM26 fusion program and reach key technical milestones by 2028.
- On Monday, July 13, 2026, Vancouver-based General Fusion began trading on the Nasdaq under the ticker symbol GFUZ, following completion of its business combination with Spring Valley Acquisition Corp III.
- Founded in 2002, General Fusion raised over $600 million from private investors to develop magnetized target fusion technology, then turned to public markets due to significant funding challenges.
- With approximately US$150 million in cash, General Fusion plans to fund the Lawson Machine 26 program through 2028, targeting plasma heating to approximately 8.4 million degrees Celsius, Chief Executive Officer of General Fusion Greg Twinney stated.
- Alongside the merger, General Fusion raised $108 million from private investors, providing critical liquidity after May 2025 layoffs of at least 25% of its workforce.
- General Fusion aims to achieve the Lawson criterion—the fusion parameters needed for net energy production—and plans to turn on its first commercial power plant by approximately 2035.
14 Articles
14 Articles
General Fusion Soars After Nasdaq Debut
General Fusion CEO Greg Twinney joins Open Interest after the company's Nasdaq debut, explaining why going public accelerates its fusion roadmap, how fusion could power AI data centers, and why he believes the company's mechanical approach can outperform rival technologies in the global race for commercial fusion energy. (Source: Bloomberg)
The Toronto Star
General Fusion Becomes First Publicly Listed Fusion Company
VANCOUVER, British Columbia, July 13, 2026 (GLOBE NEWSWIRE) -- General Fusion Group Ltd. (“General Fusion” or the “Company”) (NASDAQ: GFUZ), a leader in the global race to commercialize fusion energy, today began trading on the Nasdaq under the ticker symbol…
General Fusion begins trading on Nasdaq, becomes first nuclear fusion company to go public
General Fusion has become the first company solely focused on fusion power to go public. The Richmond, BC-based company made its Nasdaq debut on Monday morning, days after shareholders voted to merge the private company with the publicly traded special purpose acquisition company (SPAC) Spring Valley Acquisition Corp. III (Spring Valley). At closing, Spring Valley was redomiciled in BC. After completing the transaction, General Fusion said in a…
Simcoe.com
Pender Growth Fund Portfolio Company, General Fusion Inc., Commences Trading
VANCOUVER, British Columbia, July 13, 2026 (GLOBE NEWSWIRE) -- (TSXV: PTF): Pender Growth Fund Inc. (the “Company” or “PTF”) is pleased to report that the business combination of long-time holding General Fusion Inc. (“General Fusion”) with Spring Valley Acquisition Corp.…
Coverage Details
Bias Distribution
- 58% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
