Spring Valley Acquisition Corp. III (SVAC) Company Report

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Spring Valley Acquisition Corp. III Announces Business Combination with General Fusion

SVAC

M&A

Convertible Preferred Issuance

Spring Valley Acquisition Corp. III (SVAC) and General Fusion Inc. have executed a definitive Business Combination Agreement, which is expected to result in General Fusion becoming a public company listed on Nasdaq under the ticker symbol "GFUZ".
The proposed transaction implies an approximately US$1 billion pro-forma equity value and includes US$105 million from a private placement (PIPE) and US$230 million from SVAC's trust capital.
General Fusion, a company advancing Magnetized Target Fusion (MTF) technology, intends to use the proceeds from this transaction to fully fund and advance its LM26 program, a large-scale MTF fusion demonstration machine.
The business combination is expected to be completed in mid-2026, subject to customary closing conditions.

Jan 22, 2026, 12:58 PM

Spring Valley Acquisition Corp. III Completes Initial Public Offering

SVAC

New Projects/Investments

M&A

Spring Valley Acquisition Corp. III (SVAC) consummated its Initial Public Offering (IPO) on September 5, 2025, selling 23,000,000 units at $10.00 per unit, generating $230,000,000 in gross proceeds.
A total of $230,000,000 from the IPO and a concurrent private placement was placed in a trust account for the benefit of public shareholders.
As a blank check company, SVAC has 24 months from the IPO closing (September 5, 2025) to complete a business combination.
Each unit includes one Class A ordinary share and one-third of one redeemable public warrant, with each whole public warrant exercisable at $11.50 per share. The company may redeem public warrants at $0.01 per warrant if the Class A ordinary shares' closing price reaches $18.00 per share for 20 trading days within a 30-trading day period.

Sep 11, 2025, 8:06 PM

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