General Fusion Inc., a leader in fusion energy technology, is set to become the first publicly traded pure-play fusion company through a combination with Spring Valley Acquisition Corp. III. The transaction values the combined company at approximately $1 billion and includes around $105 million from a committed and oversubscribed private investment in public equity, as well as $230 million in trust capital from Spring Valley. The deal, unanimously approved by both companies' boards, is anticipated to close in mid-2026, after which the combined entity will be named "General Fusion" and is expected to list its common stock and warrants on the Nasdaq. General Fusion is advancing its patented Magnetized Target Fusion technology, supported by two decades of research and over 210 patents issued and pending.

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