Business

General Fusion Marks Key Milestone in Becoming a Public Company, Announces Public Filing of Form F-4 in Connection with Proposed Business Combination

The public filing of the Form F-4 marks an important milestone in the transaction, moving General Fusion closer to becoming the first publicly traded pure-play fusion company.The proposed transaction, targeted to close in mid-2026, subject to customary closing conditions, including regulatory and shareholder approvals, would support the advancement of General Fusion’s patented and proprietary Magnetized Target Fusion (“MTF”) technology, designed to scale for cost-efficient power plants within th

articleSpring Valley Acquisition Corp. IiiFebruary 24, 202613/company/spring-valley-acquisition-corp-iii/news/general-fusion-marks-key-milestone-in-becoming-a-public-company-announces-public-filing-of-form-f-4-in-connection-with-proposed-business-combination
General Fusion Marks Key Milestone in Becoming a Public Company, Announces Public Filing of Form F-4 in Connection with Proposed Business Combination

About this update from Spring Valley Acquisition Corp. Iii

[{"type":"image","alt":"General Fusion","displaySize":"","headline":null,"caption":"General Fusion","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":68,"url":"https://media.zenfs.com/en/globenewswire.com/c8c4135279fc0d8ac683c89c3de914fd"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/iEnaGcdEN3.3FiqtlTUsvQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk1O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/c8c4135279fc0d8ac683c89c3de914fd","width":300,"height":68}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"The public filing of the Form F-4 marks an important milestone in the transaction, moving General Fusion closer to becoming the first publicly traded pure-play fusion company.","length":175,"tagName":"p"}]},{"val":[{"type":"text","content":"The proposed transaction, targeted to close in mid-2026, subject to customary closing conditions, including regulatory and shareholder approvals, would support the advancement of General Fusion’s patented and proprietary Magnetized Target Fusion (“MTF”) technology, designed to scale for cost-efficient power plants within the next decade.","length":339,"tagName":"p"}]},{"val":[{"type":"text","content":"General Fusion intends to use proceeds from the transaction to fund and advance the Company’s Lawson Machine 26 (“LM26”) program, with the goal of demonstrating and de-risking MTF technology in a commercially relevant way.","length":222,"tagName":"p"}]},{"val":[{"type":"text","content":"The proposed transaction with Spring Valley Acquisition Corp. III implies approximately US$1 billion pro-forma equity value, inclusive of US$107.7 million from a committed and oversubscribed PIPE (Private Investment in Public Equity) with leading institutional investors and US$230 million of Spring Valley’s trust capital (assuming no redemptions).","length":349,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1085,"olType":false},{"type":"text","content":"VANCOUVER, British Columbia, Feb. 24, 2026 (GLOBE NEWSWIRE) -- General Fusion Inc. (“General Fusion” or the “Company”), a leader in the global race to make commercial fusion energy a reality, and Spring Valley Acquisition Corp. III (NASDAQ: SVAC) (“SVAC”), a publicly traded special purpose acquisition company, today announced a significant step forward on General Fusion’s path to becoming the first public...

More updates from Spring Valley Acquisition Corp. Iii

General Fusionbusiness combinationregistration statementSVACfusion energySpring ValleySpring Valley Acquisition Corp.