---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-063244"
form_type: "8-K"
ticker: "SVAC"
cik: "0002074850"
company_name: "Spring Valley Acquisition Corp. III"
filed_at: "2026-05-18T20:40:57+00:00"
generated_at: "2026-05-18T20:42:54.426191+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-063244
- form_type: 8-K
- ticker: SVAC
- cik: 0002074850
- company_name: Spring Valley Acquisition Corp. III
- filed_at: 2026-05-18T20:40:57+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2074850/000110465926063244/0001104659-26-063244-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2074850/000110465926063244/tm2614919d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-063244
- JSON: https://secwatch.observer/filing/0001104659-26-063244.json
- Plain text: https://secwatch.observer/filing/0001104659-26-063244.txt

## Key facts
- Material Agreements
  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
  source text: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2074850/000110465926063244/0001104659-26-063244-index.htm

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