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General Fusion to go public in US via $1 billion SPAC deal
Yahoo Finance· 2026-01-22 16:36
By Dharna Bafna Jan 22 (Reuters) - Nuclear energy startup General Fusion said on Thursday it will go public in the U.S. in a deal of about $1 billion with blank-check company Spring Valley Acquisition Corp. III, as demand grows for cleaner power. The deal includes $105 million from a committed, oversubscribed private investment in public equity and about $230 million of SVAC III's cash held in trust, General Fusion said. General Fusion said it expects the merger to close by mid-2026 and to list on N ...