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General Fusion to go public via SPAC merger, aiming to commercialize fusion energy by 2035.
General Fusion, a Canadian fusion energy company, has agreed to go public through a merger with SPAC Spring Valley Acquisition Corp. III, valuing the combined company at $1 billion and making it the first pure-play fusion energy company to list on Nasdaq under the ticker “GFUZ.” The deal, expected to close in early 2026, includes $230 million in trust capital and $105 million in committed private investment.
The company, which has over 20 years of R&D, operates its LM26 demonstration machine, aiming to achieve net fusion energy and heat plasma to 100 million degrees Celsius.
Proceeds will support advancing its Magnetized Target Fusion technology toward commercial viability within the next decade.
General Fusion se hará pública a través de la fusión de SPAC, con el objetivo de comercializar la energía de fusión para el año 2035.