---
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"
generated_at: "2026-05-16T08:36:00.981292+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# SVAC enters definitive business combination with fusion company General Fusion at $600M valuation

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-006283
- JSON: https://secwatch.observer/filing/0001104659-26-006283.json
- Plain text: https://secwatch.observer/filing/0001104659-26-006283.txt

## Key facts
- Material Agreements
  Spring Valley Acquisition Corp. III entered into Business Combination Agreement with General Fusion Inc. and 1573562 B.C. Ltd. (effective 2026-01-21).
  - Action: entry
  - Agreement: merger
  - Counterparty: General Fusion Inc. and 1573562 B.C. Ltd.
  - Effective: 2026-01-21
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2074850/000110465926006283/0001104659-26-006283-index.htm

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