General Fusion to go public in US via $1 billion SPAC deal
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Nuclear energy startup General Fusion plans to go public in the U.S. through a $1 billion merger with Spring Valley Acquisition Corp. III. The deal includes $105 million from a private investment and $230 million from SVAC III's cash. General Fusion aims to develop magnetized target fusion technology and expects to close the merger by mid-2026, listing on Nasdaq as "GFUZ." The funds will support the development of its fusion system amid rising demand for cleaner energy solutions.
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