General Fusion Group Ltd. (“General Fusion” or the “Company”) (NASDAQ: GFUZ), a leader in the global race to commercialize fusion energy, today began trading on the Nasdaq under the ticker symbol “GFUZ,” following the completion of its previously announced business combination with Spring Valley Acquisition Corp. III (“Spring Valley”). General Fusion is entering the public markets with approximately US$150 million in cash, inclusive of net transaction proceeds from the private placement and trust capital, to advance its practical fusion energy technology. This capital is expected to fund General Fusion’s Lawson program through several key technical milestones, which the Company aims to complete in 2028, with the goal of demonstrating and de-risking its Magnetized Target Fusion (“MTF”) technology in a commercially relevant way.

Shares in the first publicly traded fusion-energy company soared 25% to close at $13.76 on their second day of trading on Tuesday. Canada’s General Fusion, whose backers have included Jeff Bezos, went public through a SPAC merger with Spring Valley Acquisition Corp.

Nuclear fusion developer closes at $11, becoming the world's first publicly listed fusion company with about $150 million in cash.

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3%, and the actively tra

General Fusion is a speculative bet on a form of energy that hasn’t been put to use yet anywhere in the world.