Mergers & Acquisitions ·
On July 6, 2026, Spring Valley Acquisition Corp. III held an extraordinary general meeting where shareholders approved…
SVACGeneral Fusion Group Ltd.
On July 6, 2026, Spring Valley Acquisition Corp. III held an extraordinary general meeting where shareholders approved a business combination with General Fusion Inc. and 1573562 B.C. Ltd. Key approvals included the transfer of the company from the Cayman Islands to British Columbia, Canada, and the issuance of New GF Subordinate Voting Shares to comply with Nasdaq listing rules. Shareholders also approved a 2026 Long-Term Incentive Plan, price adjustment provisions for PIPE financing, and the election of seven directors, including Greg Twinney and Christopher Sorrells. A quorum was established with 17,402,874 ordinary shares present, representing 56.74% of outstanding shares. The company is a special purpose acquisition company (SPAC) focused on merging with a target company, in this case, a fusion energy firm.