{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-006283","form_type":"8-K","ticker":"SVAC","cik":"0002074850","company_name":"Spring Valley Acquisition Corp. III","filed_at":"2026-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.168355+00:00","generated_at":"2026-05-16T08:36:00.981292+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"SVAC enters definitive business combination with fusion company General Fusion at $600M valuation","bullets":["SVAC to issue ~60M shares to General Fusion equityholders; valuation $600M.","PIPE financing of 10.6M units at $10.20/unit from accredited investors, each unit includes convertible preferred and a warrant at $12.00.","Sponsor forfeits 1M founder shares, receives 1M earnout shares; up to 12.5M total earnout shares with $15/$20/$25 triggers.","Lock-up: 180 days for target securityholders; 6 months for sponsor; outside closing date extended to Aug 31, 2026.","Name change to General Fusion Inc. and continuation from Cayman to British Columbia expected at closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-006283","json":"https://secwatch.observer/filing/0001104659-26-006283.json","markdown":"https://secwatch.observer/filing/0001104659-26-006283.md","text":"https://secwatch.observer/filing/0001104659-26-006283.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2074850/000110465926006283/0001104659-26-006283-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2074850/000110465926006283/tm263894d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T08:36:00.981292+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5f5f377d1112e972f4d0a25fc291259b04967687","claim":"Spring Valley Acquisition Corp. III entered into Business Combination Agreement with General Fusion Inc. and 1573562 B.C. Ltd. (effective 2026-01-21).","evidence_excerpt":"On January 21, 2026, Spring Valley Acquisition Corp. III, an exempted company limited by shares incorporated under the Laws of the Cayman Islands (“ SVIII ”), entered into a Business Combination Agreement (the “ Business Combination Agreement ”) with General Fusion Inc., a British Columbia limited company (the “ Company ” or “ General Fusion ”), and 1573562 B.C. Ltd., a British Columbia limited company (“ NewCo ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2074850/000110465926006283/0001104659-26-006283-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"General Fusion Inc. and 1573562 B.C. Ltd."},{"label":"Effective","value":"2026-01-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}