General Fusion Group Ltd. consummated its business combination with Spring Valley Acquisition Corp. III on July 10, 2026, raising $107.7 million in PIPE financing at $10.20 per unit. Concurrently, management and the Board were replaced by those of Old General Fusion. The company determined that a non-cash subscription liability in Spring Valley's Q1 2026 financial statements was overstated but did not affect cash assets or persist post-combination. Consequently, the Board concluded that the previously issued Q1 2026 condensed consolidated financial statements should no longer be relied upon and will be restated in an amended Form 10-Q. General Fusion Group Ltd. operates in the fusion energy sector.