Finance
General Fusion completes Nasdaq merger as first public fusion company
By 19Network Editorial Team · Jul 14, 2026 · 2 min read
General Fusion completes merger with Spring Valley Acquisition Corp. III to become the first publicly traded fusion firm on Nasdaq.
General Fusion has completed its business combination with Spring Valley Acquisition Corp. III, becoming the first specialist fusion energy firm to secure a path to a public listing on the Nasdaq. The transaction, a culmination of two decades of private development, converts the Vancouver-based firm into a publicly traded entity focused on commercializing Magnetized Target Fusion (MTF) technology. Listing Mechanics and Capital Access The deal with Spring Valley, a special purpose acquisition company (SPAC), provides General Fusion with a direct entry point to US capital markets. While specific valuation figures were not disclosed in the immediate closing announcement, the merger allows the company to transition from venture capital reliance to public equity funding. General Fusion has previously secured backing from high-profile investors including Jeff Bezos’s Bezos Expeditions, GIC, and Temasek. Commercializing Fusion Technology The company is currently developing its Lawson Machine 26 (LM26) demonstration plant in Richmond, British Columbia. This facility aims to achieve fusion conditions—temperatures exceeding 100 million degrees Celsius—by 2025 and reach scientific breakeven…