B.C. Fusion Company to Go Public After Major Cash Injection
- General Fusion Inc. agreed to merge with Spring Valley Acquisition Corp. III, creating a combined company valued at about $1 billion and expected to list on Nasdaq as GFUZ.
- Seeking scale, General Fusion is pursuing funding to fully develop LM26 after raising more than US$400 million, with $125 million needed to reach scientific break-even.
- With two decades of R&D, General Fusion is one of four private companies with peer-reviewed results, holds 210 patents, and LM26 operates at 50% commercial-scale diameter toward 1 keV and 10 keV milestones.
- Boards of directors of General Fusion and SVAC have approved the deal, and SVAC plans to file Registration Statement and Proxy Statement with the SEC, with an investor presentation on January 22, 2026.
- Regulatory and market risks mean this is the second fusion company to seek public markets recently, with Spring Valley backers, who raised $100 million in three IPOs, facing customary forward‑looking risks.
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B.C. fusion company to go public after major cash injection
A B.C. company racing to prove its fusion technology says it will combine its business with a special purpose acquisition company in a transaction that could provide it up to US$335 million in new funding. On Friday, General Fusion said it had entered into a definitive business combination agreement...
Struggling fusion power company General Fusion to go public via $1B reverse merger
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General Fusion to go public on Nasdaq via $1-billion USD SPAC deal
Canada’s General Fusion announced today that it has agreed to go public by combining with an American special purpose acquisition company (SPAC). The Richmond, BC-based fusion developer plans to merge with Dallas-based Spring Valley Acquisition Corp. III (Spring Valley) in a deal that values General Fusion at $1 billion USD. General Fusion is expected to begin trading on the Nasdaq once the deal closes, as it follows the same path as Canadian d…
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