SVIII amends merger agreement with General Fusion; redemption timing changed, equity plan set at 15%

Spring Valley Acquisition Corp. III

SPAC redemption will occur immediately prior to SPAC continuation into British Columbia, rather than at closing.
Total SPAC common shares initially reserved under SPAC Equity Incentive Plan set at 15% of shares outstanding post-closing.
Updated SPAC Closing Articles and Plan of Arrangement attached as new exhibits to the Amended Agreement.
PIPE Financing and other transaction steps reordered; SPAC Continuation to occur after redemption but one business day before closing.
Amendment effective upon execution; closing conditions now include occurrence of SPAC Redemption.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Spring Valley Acquisition Corp. III amended Amendment No. 1 to Business Combination Agreement with General Fusion Inc. valued at Amendment No. 1 to Business Combination Agreement provides, among other things, that (1) the redempt (effective 2026-05-12).

Action: amendment
Agreement: merger
Counterparty: General Fusion Inc.
Value: Amendment No. 1 to Business Combination Agreement provides, among other things, that (1) the redempt
Effective: 2026-05-12

Exact text from the filing

On May 12, 2026, SVIII, NewCo and General Fusion entered into Amendment No. 1 to Business Combination Agreement (as the same may be further amended, supplemented or otherwise modified from time to time, the “ Amended Business Combination Agreement ”).

View on SEC.gov

Browse all material agreements →

Spring Valley Acquisition Corp. III filing history →

Source: SEC EDGAR

accession 0001104659-26-063244

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.