---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-005601"
form_type: "8-K"
ticker: "SVAC"
cik: "0002074850"
company_name: "Spring Valley Acquisition Corp. III"
filed_at: "2026-01-22T23:59:59+00:00"
generated_at: "2026-05-16T09:02:45.233683+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# General Fusion to go public via SPAC merger with Spring Valley at ~$1B pro-forma equity value

## Summary
- Definitive Business Combination Agreement signed Jan. 21, 2026; ~$1B pro-forma equity value inclusive of $105M oversubscribed PIPE and $230M trust capital (assuming no redemptions).
- General Fusion's LM26 fusion demonstration machine is operating, compressing plasma at 50% commercial-scale diameter; key milestones include 1 keV and Lawson criterion.
- Company has raised >$400M to date, holds 210 patents, and is one of only four private firms with published peer-reviewed fusion results.
- Transaction unanimously approved by both boards; expected to close mid-2026; combined company to list on Nasdaq as GFUZ.

## SEC filing metadata
- accession: 0001104659-26-005601
- form_type: 8-K
- ticker: SVAC
- cik: 0002074850
- company_name: Spring Valley Acquisition Corp. III
- filed_at: 2026-01-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2074850/000110465926005601/0001104659-26-005601-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2074850/000110465926005601/tm263812d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-005601
- JSON: https://secwatch.observer/filing/0001104659-26-005601.json
- Plain text: https://secwatch.observer/filing/0001104659-26-005601.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.