General Fusion Inc., a Canadian developer of magnetised target fusion, said its leadership will appear at six major investor and industry conferences in June 2026 as it readies a Nasdaq listing through a planned business combination with Spring Valley Acquisition Corp. III (NASDAQ: SVAC).
A pure-play fusion company on a public exchange
Once closed, the combination would make General Fusion the first publicly traded pure-play fusion company, trading under the ticker GFUZ. The deal implies a pro-forma equity value of roughly $1 billion and is expected to close around mid-2026. It pairs about $230 million of Spring Valley trust capital with a $105 million PIPE from institutional investors. Spring Valley's sponsor team previously took small modular reactor pioneer NuScale Power public, the country's first publicly listed SMR developer.
Funding LM26 — and a path to grid-relevant pulses
Proceeds are earmarked to fully fund Lawson Machine 26 (LM26), the company's magnetised target fusion (MTF) demonstration device operating at headquarters near Vancouver, British Columbia. LM26 is designed to hit progressively higher plasma temperatures and density on the road to fusion conditions, a step that has so far eluded commercial-scale fusion across a low-carbon energy stack increasingly built around modular reactors.
Why MTF — and why now
General Fusion's approach compresses a magnetised plasma using a wave of liquid metal pistons rather than the giant superconducting magnets of tokamaks or the high-power lasers of inertial confinement. The pitch is a simpler, cheaper path to a fusion pilot plant — one that lines up against rivals such as Commonwealth Fusion Systems, TAE Technologies and Helion as utilities scramble to lock in carbon-free power for an AI build-out hungry for clean baseload.
The June schedule
Chief Strategy Officer Megan Wilson is slated to speak at FusionX: Americas (June 9–11) and the team will also appear at Stifel's Ninth Annual Boston Cross Sector 1×1 Conference (June 2–3), the 16th Annual ROTH London Conference (June 16–18), and additional venues, putting the company in front of fusion specialists and generalist energy investors in the run-up to the SPAC vote.
Reporting based on coverage from GlobeNewswire, Nuclear Engineering International and SEC filings disclosed by Spring Valley Acquisition Corp. III.