secwatch.observer — SEC 8-K summary
======================================

Issuer:     Spring Valley Acquisition Corp. III (SVAC)
CIK:        0002074850
Form:       8-K
Filed at:   2026-01-23T23:59:59+00:00
Accession:  0001104659-26-006283
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2074850/000110465926006283/0001104659-26-006283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2074850/000110465926006283/tm263894d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-006283

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer