General Fusion to Go Public via Merger with Spring Valley Acquisition Corp. III
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General Fusion Inc. is set to go public through a merger with Spring Valley Acquisition Corp. III, making it the first publicly traded pure-play fusion company. The deal values the combined entity at approximately $1 billion, with $105 million from a private investment and $230 million in trust capital. The merger, approved by both boards, is expected to close in mid-2026, after which the company will list on Nasdaq. General Fusion focuses on Magnetized Target Fusion technology, backed by extensive research and patents.
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