General Fusion Group Ltd. today announced the successful completion of its business combination with Spring Valley Acquisition Corp. III, positioning the company to enter the public markets. The merged entity is entering Nasdaq with approximately US$150 million in cash, including net proceeds from a private placement and trust capital, to advance its practical fusion energy technology. The company expects to begin trading under the ticker symbols GFUZ for shares and GFUZW for warrants on July 13, 2026.
The company is pursuing a practical path to fusion energy to address challenges such as climate change and energy security, as well as the needs of powering AI and data centers. General Fusion’s Magnetized Target Fusion (MTF) technology is being developed with a focus on enabling integration with existing power plant infrastructure and aiming for a commercially relevant path to fusion power. The Lawson program is designed to reach key technical milestones through 2028 to demonstrate and de-risk MTF.
General Fusion operates Lawson Machine 26 (LM26), described as the first MTF demonstration machine built at a commercially relevant scale. LM26 is engineered to mechanically compress plasma with a lithium liner at 50% of the commercial-scale diameter, based on current design parameters. The project targets milestones including plasma heating to 1 keV (10 million degrees Celsius), then 10 keV (100 million degrees Celsius), and ultimately the Lawson criterion, the set of parameters that can produce net fusion energy in the plasma. The company states LM26 is intended to advance toward commercially relevant fusion demonstrations and commercialization milestones.
General Fusion argues that its MTF technology offers a practical and economical path to fusion energy, designed to avoid superconducting magnets and high-powered lasers while enabling the use of existing materials for durable machines. The approach is framed as addressing rising electricity demand and the global race to commercialize fusion power, with an emphasis on integration with existing power plant infrastructure and potential applications for climate resilience, energy security, and data-centered electricity needs.
The press release includes a cautionary note regarding forward-looking statements and a lengthy risk disclosure. It emphasizes that trading commencement, proceeds, commercialization timelines, and LM26 program outcomes are subject to various risks and uncertainties, including listing maintenance on Nasdaq, market volatility, the ability to commercialize MTF on a cost-effective basis, capital-raising conditions, and other risks typical of early-stage fusion ventures. No independent expert commentary is provided in the source material; readers should consider the stated forward-looking statements and risk factors when assessing the information.
Investor Relations Contact: investors@generalfusion.com
Media Relations Contact: media@generalfusion.com
