General Fusion Inc. and Spring Valley Acquisition Corp. III (NASDAQ: SVAC) have filed a joint Form F-4 registration statement with the Securities and Exchange Commission to facilitate their proposed business combination. The transaction, which carries an approximate pro-forma equity valuation of US$1 billion, is anticipated to reach closing in mid-2026 and would establish General Fusion as the first publicly traded pure-play fusion energy company upon completion.
Following the merger's conclusion, the combined company is expected to trade on Nasdaq under the ticker symbol 'GFUZ.' General Fusion intends to leverage the transaction proceeds to accelerate development of its Magnetized Target Fusion technology platform and advance the LM26 demonstration machine initiative, which represents a key operational milestone for the company's commercialization roadmap.
The SEC filing of the registration statement marks a critical regulatory step in the proposed business combination process, bringing the company closer to public market access and providing transparency for investors regarding the transaction terms and company operations.