Milestone note Jun 24, 2026
General Fusion's SVAC business combination advances with $107.5M PIPE
General Fusion moved its SVAC SPAC merger toward close alongside a $107.5M PIPE, financing the company as its LM26 machine reached plasma.
General Fusion moved its SVAC SPAC merger toward close alongside a $107.5M PIPE, financing the company as its LM26 machine reached plasma.
Who's involved
Magnetized target fusion using mechanically compressed liquid metal liners. Went public on Nasdaq (GFUZ) on 10 Jul 2026 via SPAC with Spring Valley III (~$1B pro forma) — the first publicly traded pure-play fusion company.
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