Effectiveness removes the last major SEC hurdle before the merger can close. Watch for a shareholder vote date announcement and closing timetable. If the market has not fully priced the closing probability, SVAC could re-rate toward its trust value minus fees. Monitor General Fusion's technology milestones as a long-term catalyst.
Price Chart
Executive Summary
Effective June 12, 2026, the SEC declared the registration statement for Spring Valley Acquisition Corp. III / General Fusion Inc. effective. This is a definitive step toward completing the de-SPAC merger, allowing the combined entity to issue securities to close the business combination. General Fusion is a Canadian fusion energy company, and SVAC is its SPAC sponsor.
Key Facts
- SEC effectiveness date: June 12, 2026
- Filers: Spring Valley Acquisition Corp. III (SPAC) and General Fusion Inc. (target)
- Form type EFFECT under 1933 Act, related to registration on Form F-4
- Original file number 333-293688 (SVAC) and 333-293688-01 (General Fusion)
- Transaction brings a fusion energy company to public markets via de-SPAC
Financial Impact
No offering size or pricing disclosed in this filing. The merger consideration and trust funds are set forth in the underlying F-4 registration statement, not provided here.
Risk Factors
- De-SPAC mergers carry closing risk until the shareholder vote is passed
- General Fusion is a pre-revenue development-stage company with no operating history
- Post-merger dilution from founders' shares and PIPE if any
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| EFFECT Filing (Primary) | 9999999995-26-001975 |
| Document: 9999999995-26-001975-index.html | 9999999995-26-001975 |
| Document: 9999999995-26-001975.txt | 9999999995-26-001975 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 6-K | — | awaiting T+5 | — | — |
Jul 10, 2026 15w ago | Press Release | $9.64 | awaiting T+5 | — | — |
Jul 6, 2026 16w ago | 425 | $8.25 $9.12 | ▲ +10.55% | ▲ +9.99% | — |
Jul 6, 2026 16w ago | Press Release | $8.25 $9.12 | ▲ +10.55% | ▲ +9.99% | — |
Jun 26, 2026 17w ago | 425 | $10.25 $10.26 | ▲ +0.10% | ▼ −1.29% | — |
Jun 24, 2026 17w ago | 425 | $10.23 $10.25 | ▲ +0.20% | ▼ −1.37% | — |
Jun 16, 2026 18w ago | 425 | $10.31 $10.28 | ▼ −0.29% | ▲ +0.75% | — |
Jun 15, 2026 19w ago | 425 | $10.30 $10.26 | ▼ −0.39% | ▲ +1.84% | — |
Jun 15, 2026 19w ago | EFFECT | $10.33 $10.28 | ▼ −0.48% | ▲ +0.90% | — |
Jun 10, 2026 19w ago | 425 | $10.33 $10.31 | ▼ −0.19% | ▼ −0.63% | — |
US Market Status
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