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General Fusion (GFUZ)
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Latest Research & News
General Fusion Completes Business Combination with Spring Valley Acquisition Corp. III
General Fusion Group Ltd. completed its business combination with Spring Valley Acquisition Corp. III and will begin trading on Nasdaq under ticker 'GFUZ' on July 13, 2026, becoming the first publicly listed fusion company. The company enters public markets with approximately $150 million in cash to advance its Magnetized Target Fusion (MTF) technology and fund its Lawson program through key technical milestones targeted for 2028.
07/10/2026, 2:51 PM • GlobeNewswire
Spring Valley Acquisition Corp. III Shareholders Approve Business Combination with General Fusion
General Fusion shareholders approved a business combination with Spring Valley Acquisition Corp. III (SVAC), with the combined company expected to begin trading on Nasdaq under ticker 'GFUZ' on July 10, 2026. The transaction marks a significant milestone for General Fusion's Magnetized Target Fusion (MTF) technology development and commercialization efforts.
07/06/2026, 7:45 PM • GlobeNewswire
General Fusion Achieves Compressional Plasma Heating with LM26 Magnetized Target Fusion Machine
General Fusion announced significant progress with its Lawson Machine 26 (LM26) magnetized target fusion demonstration machine, achieving electron temperatures of approximately 8.4 million degrees Celsius (0.72 keV), representing a 3x increase during mechanical compression. The company is targeting its next milestone of 1 keV electron temperature. Results have been submitted for peer review and support General Fusion's practical MTF approach to commercializing fusion energy.
06/22/2026, 4:45 PM • GlobeNewswire
General Fusion Inc. and Spring Valley Acquisition Corp. III (NASDAQ: SVAC) have filed a joint Form F-4 registration statement with the SEC for their proposed business combination. The transaction, valued at approximately US$1 billion pro-forma equity value, is targeted to close in mid-2026 and would make General Fusion the first publicly traded pure-play fusion company, trading under ticker symbol 'GFUZ' on Nasdaq. The company plans to use proceeds to advance its Magnetized Target Fusion (MTF) technology and the LM26 demonstration machine program.
02/24/2026, 4:58 PM • GlobeNewswire
Peers
- EICEAGLE PT INMEI$10.10+1.00%Market CapN/A1-Year Change-15.91%
Statistics
MoreInformation as of 07/10/2026
Company Profile
As of July 10, 2026, Spring Valley Acquisition Corp. III was acquired by General Fusion Inc., in a reverse merger transaction. Spring Valley Acquisition Corp. III does not have significant operations. It intends to focus on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities in natural resources and decarbonization. The company was incorporated in 2025 and is based in Dallas, Texas.
Key Executives
- Robert Ira Kaplan
- Jeffrey Schramm
- Christopher D. Sorrells
Current Ownership Distribution
- Institutions16.0M (52.26%)
- Other7.5M (24.35%)
- Mutual Funds7.2M (23.38%)
- Insiders0 (0.00%)