{"success":true,"data":{"pressRelease":{"id":"4522","rtpr_id":"nGNE58CYKL","ticker":"SVAC","exchange":"NASDAQ","all_tickers":["SVAC"],"title":"General Fusion to Host Analyst Day on April 29 as Company Advances Toward Public Market Listing","author":"Globe Newswire","published_at":"2026-04-22T12:00:00.622Z","article_body":"VANCOUVER, British Columbia, April 22, 2026 (GLOBE NEWSWIRE) -- General Fusion\nInc.\n(https://www.globenewswire.com/Tracker?data=K0_Nq5gWOeFF15PU-GJGhYL656MulfZ-BXF34envKGCLbMuuxpudL4a6GQ06mmXHM9j4EdMkm-P90iQ_bLYGM8HnimFtsqVp8e_0cm1uDwE=) (“General\nFusion” or the “Company”), a leader in the global race to commercialize\nfusion energy, today announced that its executive leadership team plans to\nhost a presentation at the Company’s Analyst Day on Wednesday, April 29,\n2026. The event is part of General Fusion’s ongoing process toward becoming\nthe first publicly traded pure-play fusion energy company. General Fusion\npreviously announced its plans to go public through\na business combination (the transactions contemplated by the business\ncombination, collectively, the “Proposed Business Combination”) with\nSpring Valley Acquisition Corp. III (NASDAQ: SVAC) (“SVAC”).\n\nSpeakers:\n* Greg Twinney, Chief Executive Officer, General Fusion\n* Megan Wilson, Chief Strategy Officer, General Fusion\n* Dr. Michel Laberge, Founder & Chief Science Officer, General Fusion\n* Rob Crystal, Senior Vice President, Finance, General Fusion\n* Mike Donaldson, Senior Vice President, Technology Development, General\nFusion\nEvent details:\n* Date: Wednesday, April 29, 2026\n* Time: 11:00 a.m. - 3:00 p.m. ET\n* Location: Nasdaq MarketSite (151 W 43rd St, New York, NY)\n* In-person RSVP: Analysts and institutional investors who would like to\nattend in person, please RSVP to: investors@generalfusion.com.\n* Webcast Registration: The presentation will be broadcast live from the\nNasdaq MarketSite location in New York City at the webcast link here\n(https://edge.media-server.com/mmc/p/zcqmam9a). Following the broadcast, it\nwill be available for replay on General Fusion’s website here\n(https://generalfusion.com/investorcenter/).\nA copy of the Analyst Day presentation will be available on the day of the\nevent on General Fusion’s website here\n(https://www.globenewswire.com/Tracker?data=zyPdANrrGF0E9vp8cbj-_EfDWWPBFpJYCF1ouMgiXx9BkrApn6Y9WnQYI445qZ4q7Mzo7vtRkEAt5rEz-0ry75ExH9cVkOQC1bJGlsYAgIs=).\n\nGeneral Fusion announced in January 2026 that its proposed transaction with\nSpring Valley Acquisition Corp. III implies a pro forma equity value of\napproximately US$1 billion, including US$107.7 million from a committed and\noversubscribed PIPE (Private Investment in Public Equity) backed by leading\ninstitutional investors. The transaction is targeted to close in mid-2026.\nOnce completed, the combined company will operate as General Fusion and is\nexpected to be listed on Nasdaq under ticker “GFUZ.”\n\nQuick Facts: \n* General Fusion’s Magnetized Target Fusion (“MTF”) is designed to solve\nsignificant barriers to commercializing fusion energy at a time when\nelectricity demand is surging, and nations around the world are racing to\ncommercialize fusion power.  \n* As a technology, MTF aims to achieve fusion in a practical way, avoiding\nsuperconducting magnets and high-powered lasers, while enabling the use of\nexisting materials for durable machines that would produce cost-effective\nenergy. \n* In early 2025, General Fusion announced that it had designed, built, and\nbegun operating its world-first Lawson Machine 26 (“LM26”) fusion\ndemonstration machine in under two years. LM26 is the first MTF demonstration\nmachine to be built at a commercially relevant scale. It mechanically\ncompresses plasma with a lithium liner at 50% commercial-scale diameter.  \n* LM26 aims to achieve key fusion technical milestones: plasma heating to 1\nkeV (10 million degrees Celsius), then 10 keV (100 million degrees Celsius),\nand ultimately the Lawson criterion, the combination of fusion parameters\nthat can produce net fusion energy in the plasma.\nAbout General Fusion\nGeneral Fusion is pursuing a fast and practical approach to commercial fusion\nenergy and is headquartered in Vancouver, Canada. The Company was established\nin 2002 and is funded by a global syndicate of leading energy venture capital\nfirms, industry leaders, and technology pioneers. Learn more at\nwww.generalfusion.com. General Fusion announced in January 2026 that it plans\nto go public through the Proposed Business Combination with Spring Valley\nAcquisition Corp. III (NASDAQ: SVAC).\n\nAbout Spring Valley Acquisition Corp. III\nSpring Valley Acquisition Corp. III is a part of a family of investment\nvehicles formed for the purpose of acquiring or merging with a business\nfocused on the Power infrastructure and Decarbonization sectors. Over the past\n5 years, Spring Valley has raised $920 million in four IPOs. Spring Valley I\nsuccessfully completed its business combination with NuScale Power, a leading\nU.S. small modular reactor (“SMR”) technology company, and Spring Valley\nII successfully completed its business combination with Eagle Nuclear Energy\nCorp., a next-generation nuclear energy company with rights to the largest\nopen pit-constrained measured and indicated uranium deposit in the United\nStates. SVAC maintains a corporate website at https://sv-ac.com.\n\nCautionary Note Regarding Forward-Looking Statements \nCertain statements included in this document are not historical facts but are\nforward-looking statements for purposes of the safe harbor provisions under\nthe United States Private Securities Litigation Reform Act of 1995. All\nstatements other than statements of historical facts contained in this\ndocument are forward-looking statements. Any statements that refer to\nprojections, forecasts or other characterizations of future events or\ncircumstances, including any underlying assumptions, are also forward-looking\nstatements. In some cases, you can identify forward-looking statements by\nwords such as “estimate,” “plan,” “project,” “forecast,”\n“intend,” “expect,” “anticipate,” “believe,” “seek,”\n“strategy,” “future,” “opportunity,” “may,” “target,”\n“should,” “will,” “would,” “will be,” “will continue,”\n“will likely result,” “preliminary,” or similar expressions that\npredict or indicate future events or trends or that are not statements of\nhistorical matters, but the absence of these words does not mean that a\nstatement is not forward-looking. Forward-looking statements include, without\nlimitation, SVAC’s, General Fusion’s, or their respective management\nteams’ expectations concerning the Proposed Business Combination and\nexpected benefits or timing thereof; the outlook for General Fusion’s\nbusiness, including its ability to commercialize MTF or any other fusion\ntechnology on its expected timeline or at all; statements regarding the\ncurrent and expected results of General Fusion’s LM26 program; the ability\nto execute General Fusion’s strategies, including on any expected timeline\nor anticipated cost basis; projected and estimated financial performance;\nanticipated industry trends; future capital expenditures; government\nregulation of fusion energy; and environmental risks; as well as any\ninformation concerning possible or assumed future results of operations of\nGeneral Fusion. The forward-looking statements are based on the current\nexpectations of the respective management teams of SVAC and General Fusion, as\napplicable, and are inherently subject to uncertainties and changes in\ncircumstance and their potential effects. There can be no assurance that\nfuture developments will be those that have been anticipated. These\nforward-looking statements involve a number of risks, uncertainties or other\nassumptions that may cause actual results or performance to be materially\ndifferent from those expressed or implied by these forward-looking statements.\nThese risks and uncertainties include, but are not limited to, (i) the risk\nthat the Proposed Business Combination may not be completed in a timely manner\nor at all, which may adversely affect the price of SVAC’s securities; (ii)\nthe failure to satisfy the conditions to the consummation of the Proposed\nBusiness Combination, including the adoption of the business combination\nagreement, dated January 21, 2026, among General Fusion, SVAC, and the other\nparty thereto (the “Business Combination Agreement”) by the shareholders\nof SVAC and the receipt of regulatory approvals; (iii) market risks; (iv) the\noccurrence of any event, change or other circumstance that could give rise to\nthe termination of the Business Combination Agreement; (v) the effect of the\nannouncement or pendency of the Proposed Business Combination on General\nFusion’s business relationships, performance, and business generally; (vi)\nrisks that the Proposed Business Combination disrupts current plans of General\nFusion and potential difficulties in its employee retention as a result of the\nProposed Business Combination; (vii) the outcome of any legal proceedings that\nmay be instituted against General Fusion or SVAC related to the Business\nCombination Agreement or the Proposed Business Combination; (viii) failure to\nrealize the anticipated benefits of the Proposed Business Combination; (ix)\nthe inability to maintain the listing of SVAC’s securities or to meet\nlisting requirements and maintain the listing of the combined company’s\nsecurities on Nasdaq; (x) the risk that the Proposed Business Combination may\nnot be completed by SVAC’s business combination deadline and the potential\nfailure to obtain an extension of the business combination deadline if sought\nby SVAC; (xi) the risk that the price of the combined company’s securities\nmay be volatile due to a variety of factors, including changes in laws,\nregulations, technologies, natural disasters, national security tensions, and\nmacro-economic and social environments affecting its business; (xii) laws and\nregulations governing General Fusion’s research and development activities,\nand changes in such laws and regulations; (xiii) any failure to commercialize\nMTF on the expected timeline or at all, including any failure to achieve the\nobjectives of the LM26 program; (xiv) environmental regulations and\nlegislation; (xv) the effects of climate change, extreme weather events, water\nscarcity, and seismic events, and the effectiveness of strategies to deal with\nthese issues; (xvi) fluctuations in currency markets; (xvii) General\nFusion’s ability to complete and successfully integrate any future\nacquisitions; (xviii) increased competition in the fusion industry; (xix)\nlimited supply of materials and supply chain disruptions; and (xx) the risk\nthat the proposed private placement of convertible preferred shares and\nwarrants by General Fusion (the “PIPE Financing”) may not be completed, or\nthat other capital needed by the combined company may not be raised on\nfavorable terms, or at all, including as a result of the restrictions agreed\nto in connection with the PIPE Financing. The foregoing list is not\nexhaustive, and there may be additional risks that neither SVAC nor General\nFusion presently know or that SVAC and General Fusion currently believe are\nimmaterial. You should carefully consider the foregoing factors, any other\nfactors discussed in this document and the other risks and uncertainties\ndescribed in the “Risk Factors” section of SVAC’s final prospectus for\nits initial public offering, which was filed with the SEC on September 4, 2025\n(the “Final Prospectus”); the risks described in the joint registration\nstatement on Form F-4 filed by General Fusion and SVAC, as amended (the\n“Registration Statement”), which includes a preliminary proxy\nstatement/prospectus, or to be described in any amendment or supplement\nthereto; and those discussed and identified in filings made with the SEC by\nSVAC from time to time. General Fusion and SVAC caution you against placing\nundue reliance on forward-looking statements, which reflect current beliefs\nand are based on information currently available as of the date a\nforward-looking statement is made. Forward-looking statements set forth in\nthis document speak only as of the date of this document. Neither General\nFusion nor SVAC undertakes any obligation to revise forward-looking statements\nto reflect future events, changes in circumstances, or changes in beliefs. In\nthe event that any forward-looking statement is updated, no inference should\nbe made that General Fusion or SVAC will make additional updates with respect\nto that statement, related matters, or any other forward-looking statements.\nAny corrections or revisions and other important assumptions and factors that\ncould cause actual results to differ materially from forward-looking\nstatements, including discussions of significant risk factors, may appear, up\nto the consummation of the Proposed Business Combination, in SVAC’s public\nfilings with the SEC, which are or will be (as applicable) accessible at\nwww.sec.gov, and which you are advised to review carefully.\n\nImportant Information for Investors and Shareholders\nIn connection with the Proposed Business Combination, General Fusion and SVAC\nfiled with the SEC the Registration Statement, which includes a preliminary\nprospectus with respect to SVAC’s securities to be issued in connection with\nthe Proposed Business Combination and a preliminary proxy statement in\nconnection with SVAC’s solicitation of proxies for the vote by SVAC’s\nshareholders with respect to the Proposed Business Combination and other\nmatters described in the Registration Statement (the “Proxy Statement”).\nAfter the SEC declares the Registration Statement effective, SVAC plans to\nfile the definitive Proxy Statement with the SEC and to mail copies to\nSVAC’s shareholders as of a record date to be established for voting on the\nProposed Business Combination. This document does not contain all the\ninformation that should be considered concerning the Proposed Business\nCombination and is not a substitute for the Registration Statement, Proxy\nStatement or for any other document that SVAC has filed or may file with the\nSEC. Before making any investment or voting decision, investors and security\nholders of SVAC and General Fusion are urged to read the Registration\nStatement and the Proxy Statement, and any amendments or supplements thereto,\nas well as all other relevant materials filed or that will be filed with the\nSEC in connection with the Proposed Business Combination as they become\navailable because they will contain important information about General\nFusion, SVAC and the Proposed Business Combination. Investors and security\nholders are able to obtain free copies of the Registration Statement, the\nProxy Statement and all other relevant documents filed or that will be filed\nwith the SEC by SVAC through the website maintained by the SEC\nat www.sec.gov. In addition, the documents filed by SVAC may be obtained free\nof charge from SVAC’s website at https://sv-ac.com or by directing a\nrequest to Spring Valley Acquisition Corp. III, Attn: Corporate Secretary,\n2100 McKinney Avenue, Suite 1675, Dallas, Texas 75201. The information\ncontained on, or that may be accessed through, the websites referenced in this\ndocument is not incorporated by reference into, and is not a part of, this\ndocument.\n\nParticipants in the Solicitation\nGeneral Fusion, SVAC and their respective directors, executive officers and\nother members of management and employees may, under the rules of the SEC, be\ndeemed to be participants in the solicitations of proxies from SVAC’s\nshareholders in connection with the Proposed Business Combination. For more\ninformation about the names, affiliations and interests of SVAC’s directors\nand executive officers, please refer to the Final Prospectus and the\nRegistration Statement, Proxy Statement and other relevant materials filed or\nto be filed with the SEC in connection with the Proposed Business Combination\nwhen they become available. Additional information regarding the participants\nin the proxy solicitation and a description of their direct and indirect\ninterests, which may, in some cases, be different than those of SVAC’s\nshareholders generally, will be included in the Registration Statement and the\nProxy Statement, when they become available. Shareholders, potential investors\nand other interested persons should read the Registration Statement and the\nProxy Statement carefully, when they become available, before making any\nvoting or investment decisions. You may obtain free copies of these documents\nfrom the sources indicated above.\n\nNo Offer or Solicitation\nThis document shall not constitute a “solicitation” as defined in Section\n14 of the Securities Exchange Act of 1934, as amended. This document shall not\nconstitute an offer to sell or exchange, the solicitation of an offer to buy\nor a recommendation to purchase, any securities, or a solicitation of any\nvote, consent or approval, nor shall there be any sale, issuance or transfer\nof securities in any jurisdiction in which such offer, solicitation or sale\nmay be unlawful under the laws of such jurisdiction. No offering of securities\nin the Proposed Business Combination shall be made except by means of a\nprospectus meeting the requirements of the Securities Act of 1933, as amended,\nor an exemption therefrom.\n\nInvestor Relations Contact:\nYou can contact General Fusion’s Investor Relations team by email at:\ninvestors@generalfusion.com.\n\nIf you are based in North America, you may also leave a toll-free voicemail at\n+1 (833) 717-1519. Callers outside North America can reach us at +1 (236)\n253-6968.\n\nMedia Relations Contact:\nmedia@generalfusion.com \n1-866-904-0995","article_body_html":"","raw_payload":{"data":{"id":"nGNE58CYKL","title":"General Fusion to Host Analyst Day on April 29 as Company Advances Toward Public Market Listing","author":"Globe Newswire","ticker":"SVAC","created":"2026-04-22T12:00:00.622Z","tickers":["SVAC"],"exchange":"NASDAQ","article_body":"VANCOUVER, British Columbia, April 22, 2026 (GLOBE NEWSWIRE) -- General Fusion\nInc.\n(https://www.globenewswire.com/Tracker?data=K0_Nq5gWOeFF15PU-GJGhYL656MulfZ-BXF34envKGCLbMuuxpudL4a6GQ06mmXHM9j4EdMkm-P90iQ_bLYGM8HnimFtsqVp8e_0cm1uDwE=) (“General\nFusion” or the “Company”), a leader in the global race to commercialize\nfusion energy, today announced that its executive leadership team plans to\nhost a presentation at the Company’s Analyst Day on Wednesday, April 29,\n2026. The event is part of General Fusion’s ongoing process toward becoming\nthe first publicly traded pure-play fusion energy company. General Fusion\npreviously announced its plans to go public through\na business combination (the transactions contemplated by the business\ncombination, collectively, the “Proposed Business Combination”) with\nSpring Valley Acquisition Corp. III (NASDAQ: SVAC) (“SVAC”).\n\nSpeakers:\n* Greg Twinney, Chief Executive Officer, General Fusion\n* Megan Wilson, Chief Strategy Officer, General Fusion\n* Dr. Michel Laberge, Founder & Chief Science Officer, General Fusion\n* Rob Crystal, Senior Vice President, Finance, General Fusion\n* Mike Donaldson, Senior Vice President, Technology Development, General\nFusion\nEvent details:\n* Date: Wednesday, April 29, 2026\n* Time: 11:00 a.m. - 3:00 p.m. ET\n* Location: Nasdaq MarketSite (151 W 43rd St, New York, NY)\n* In-person RSVP: Analysts and institutional investors who would like to\nattend in person, please RSVP to: investors@generalfusion.com.\n* Webcast Registration: The presentation will be broadcast live from the\nNasdaq MarketSite location in New York City at the webcast link here\n(https://edge.media-server.com/mmc/p/zcqmam9a). Following the broadcast, it\nwill be available for replay on General Fusion’s website here\n(https://generalfusion.com/investorcenter/).\nA copy of the Analyst Day presentation will be available on the day of the\nevent on General Fusion’s website here\n(https://www.globenewswire.com/Tracker?data=zyPdANrrGF0E9vp8cbj-_EfDWWPBFpJYCF1ouMgiXx9BkrApn6Y9WnQYI445qZ4q7Mzo7vtRkEAt5rEz-0ry75ExH9cVkOQC1bJGlsYAgIs=).\n\nGeneral Fusion announced in January 2026 that its proposed transaction with\nSpring Valley Acquisition Corp. III implies a pro forma equity value of\napproximately US$1 billion, including US$107.7 million from a committed and\noversubscribed PIPE (Private Investment in Public Equity) backed by leading\ninstitutional investors. The transaction is targeted to close in mid-2026.\nOnce completed, the combined company will operate as General Fusion and is\nexpected to be listed on Nasdaq under ticker “GFUZ.”\n\nQuick Facts: \n* General Fusion’s Magnetized Target Fusion (“MTF”) is designed to solve\nsignificant barriers to commercializing fusion energy at a time when\nelectricity demand is surging, and nations around the world are racing to\ncommercialize fusion power.  \n* As a technology, MTF aims to achieve fusion in a practical way, avoiding\nsuperconducting magnets and high-powered lasers, while enabling the use of\nexisting materials for durable machines that would produce cost-effective\nenergy. \n* In early 2025, General Fusion announced that it had designed, built, and\nbegun operating its world-first Lawson Machine 26 (“LM26”) fusion\ndemonstration machine in under two years. LM26 is the first MTF demonstration\nmachine to be built at a commercially relevant scale. It mechanically\ncompresses plasma with a lithium liner at 50% commercial-scale diameter.  \n* LM26 aims to achieve key fusion technical milestones: plasma heating to 1\nkeV (10 million degrees Celsius), then 10 keV (100 million degrees Celsius),\nand ultimately the Lawson criterion, the combination of fusion parameters\nthat can produce net fusion energy in the plasma.\nAbout General Fusion\nGeneral Fusion is pursuing a fast and practical approach to commercial fusion\nenergy and is headquartered in Vancouver, Canada. The Company was established\nin 2002 and is funded by a global syndicate of leading energy venture capital\nfirms, industry leaders, and technology pioneers. Learn more at\nwww.generalfusion.com. General Fusion announced in January 2026 that it plans\nto go public through the Proposed Business Combination with Spring Valley\nAcquisition Corp. III (NASDAQ: SVAC).\n\nAbout Spring Valley Acquisition Corp. III\nSpring Valley Acquisition Corp. III is a part of a family of investment\nvehicles formed for the purpose of acquiring or merging with a business\nfocused on the Power infrastructure and Decarbonization sectors. Over the past\n5 years, Spring Valley has raised $920 million in four IPOs. Spring Valley I\nsuccessfully completed its business combination with NuScale Power, a leading\nU.S. small modular reactor (“SMR”) technology company, and Spring Valley\nII successfully completed its business combination with Eagle Nuclear Energy\nCorp., a next-generation nuclear energy company with rights to the largest\nopen pit-constrained measured and indicated uranium deposit in the United\nStates. SVAC maintains a corporate website at https://sv-ac.com.\n\nCautionary Note Regarding Forward-Looking Statements \nCertain statements included in this document are not historical facts but are\nforward-looking statements for purposes of the safe harbor provisions under\nthe United States Private Securities Litigation Reform Act of 1995. All\nstatements other than statements of historical facts contained in this\ndocument are forward-looking statements. Any statements that refer to\nprojections, forecasts or other characterizations of future events or\ncircumstances, including any underlying assumptions, are also forward-looking\nstatements. In some cases, you can identify forward-looking statements by\nwords such as “estimate,” “plan,” “project,” “forecast,”\n“intend,” “expect,” “anticipate,” “believe,” “seek,”\n“strategy,” “future,” “opportunity,” “may,” “target,”\n“should,” “will,” “would,” “will be,” “will continue,”\n“will likely result,” “preliminary,” or similar expressions that\npredict or indicate future events or trends or that are not statements of\nhistorical matters, but the absence of these words does not mean that a\nstatement is not forward-looking. Forward-looking statements include, without\nlimitation, SVAC’s, General Fusion’s, or their respective management\nteams’ expectations concerning the Proposed Business Combination and\nexpected benefits or timing thereof; the outlook for General Fusion’s\nbusiness, including its ability to commercialize MTF or any other fusion\ntechnology on its expected timeline or at all; statements regarding the\ncurrent and expected results of General Fusion’s LM26 program; the ability\nto execute General Fusion’s strategies, including on any expected timeline\nor anticipated cost basis; projected and estimated financial performance;\nanticipated industry trends; future capital expenditures; government\nregulation of fusion energy; and environmental risks; as well as any\ninformation concerning possible or assumed future results of operations of\nGeneral Fusion. The forward-looking statements are based on the current\nexpectations of the respective management teams of SVAC and General Fusion, as\napplicable, and are inherently subject to uncertainties and changes in\ncircumstance and their potential effects. There can be no assurance that\nfuture developments will be those that have been anticipated. These\nforward-looking statements involve a number of risks, uncertainties or other\nassumptions that may cause actual results or performance to be materially\ndifferent from those expressed or implied by these forward-looking statements.\nThese risks and uncertainties include, but are not limited to, (i) the risk\nthat the Proposed Business Combination may not be completed in a timely manner\nor at all, which may adversely affect the price of SVAC’s securities; (ii)\nthe failure to satisfy the conditions to the consummation of the Proposed\nBusiness Combination, including the adoption of the business combination\nagreement, dated January 21, 2026, among General Fusion, SVAC, and the other\nparty thereto (the “Business Combination Agreement”) by the shareholders\nof SVAC and the receipt of regulatory approvals; (iii) market risks; (iv) the\noccurrence of any event, change or other circumstance that could give rise to\nthe termination of the Business Combination Agreement; (v) the effect of the\nannouncement or pendency of the Proposed Business Combination on General\nFusion’s business relationships, performance, and business generally; (vi)\nrisks that the Proposed Business Combination disrupts current plans of General\nFusion and potential difficulties in its employee retention as a result of the\nProposed Business Combination; (vii) the outcome of any legal proceedings that\nmay be instituted against General Fusion or SVAC related to the Business\nCombination Agreement or the Proposed Business Combination; (viii) failure to\nrealize the anticipated benefits of the Proposed Business Combination; (ix)\nthe inability to maintain the listing of SVAC’s securities or to meet\nlisting requirements and maintain the listing of the combined company’s\nsecurities on Nasdaq; (x) the risk that the Proposed Business Combination may\nnot be completed by SVAC’s business combination deadline and the potential\nfailure to obtain an extension of the business combination deadline if sought\nby SVAC; (xi) the risk that the price of the combined company’s securities\nmay be volatile due to a variety of factors, including changes in laws,\nregulations, technologies, natural disasters, national security tensions, and\nmacro-economic and social environments affecting its business; (xii) laws and\nregulations governing General Fusion’s research and development activities,\nand changes in such laws and regulations; (xiii) any failure to commercialize\nMTF on the expected timeline or at all, including any failure to achieve the\nobjectives of the LM26 program; (xiv) environmental regulations and\nlegislation; (xv) the effects of climate change, extreme weather events, water\nscarcity, and seismic events, and the effectiveness of strategies to deal with\nthese issues; (xvi) fluctuations in currency markets; (xvii) General\nFusion’s ability to complete and successfully integrate any future\nacquisitions; (xviii) increased competition in the fusion industry; (xix)\nlimited supply of materials and supply chain disruptions; and (xx) the risk\nthat the proposed private placement of convertible preferred shares and\nwarrants by General Fusion (the “PIPE Financing”) may not be completed, or\nthat other capital needed by the combined company may not be raised on\nfavorable terms, or at all, including as a result of the restrictions agreed\nto in connection with the PIPE Financing. The foregoing list is not\nexhaustive, and there may be additional risks that neither SVAC nor General\nFusion presently know or that SVAC and General Fusion currently believe are\nimmaterial. You should carefully consider the foregoing factors, any other\nfactors discussed in this document and the other risks and uncertainties\ndescribed in the “Risk Factors” section of SVAC’s final prospectus for\nits initial public offering, which was filed with the SEC on September 4, 2025\n(the “Final Prospectus”); the risks described in the joint registration\nstatement on Form F-4 filed by General Fusion and SVAC, as amended (the\n“Registration Statement”), which includes a preliminary proxy\nstatement/prospectus, or to be described in any amendment or supplement\nthereto; and those discussed and identified in filings made with the SEC by\nSVAC from time to time. General Fusion and SVAC caution you against placing\nundue reliance on forward-looking statements, which reflect current beliefs\nand are based on information currently available as of the date a\nforward-looking statement is made. Forward-looking statements set forth in\nthis document speak only as of the date of this document. Neither General\nFusion nor SVAC undertakes any obligation to revise forward-looking statements\nto reflect future events, changes in circumstances, or changes in beliefs. In\nthe event that any forward-looking statement is updated, no inference should\nbe made that General Fusion or SVAC will make additional updates with respect\nto that statement, related matters, or any other forward-looking statements.\nAny corrections or revisions and other important assumptions and factors that\ncould cause actual results to differ materially from forward-looking\nstatements, including discussions of significant risk factors, may appear, up\nto the consummation of the Proposed Business Combination, in SVAC’s public\nfilings with the SEC, which are or will be (as applicable) accessible at\nwww.sec.gov, and which you are advised to review carefully.\n\nImportant Information for Investors and Shareholders\nIn connection with the Proposed Business Combination, General Fusion and SVAC\nfiled with the SEC the Registration Statement, which includes a preliminary\nprospectus with respect to SVAC’s securities to be issued in connection with\nthe Proposed Business Combination and a preliminary proxy statement in\nconnection with SVAC’s solicitation of proxies for the vote by SVAC’s\nshareholders with respect to the Proposed Business Combination and other\nmatters described in the Registration Statement (the “Proxy Statement”).\nAfter the SEC declares the Registration Statement effective, SVAC plans to\nfile the definitive Proxy Statement with the SEC and to mail copies to\nSVAC’s shareholders as of a record date to be established for voting on the\nProposed Business Combination. This document does not contain all the\ninformation that should be considered concerning the Proposed Business\nCombination and is not a substitute for the Registration Statement, Proxy\nStatement or for any other document that SVAC has filed or may file with the\nSEC. Before making any investment or voting decision, investors and security\nholders of SVAC and General Fusion are urged to read the Registration\nStatement and the Proxy Statement, and any amendments or supplements thereto,\nas well as all other relevant materials filed or that will be filed with the\nSEC in connection with the Proposed Business Combination as they become\navailable because they will contain important information about General\nFusion, SVAC and the Proposed Business Combination. Investors and security\nholders are able to obtain free copies of the Registration Statement, the\nProxy Statement and all other relevant documents filed or that will be filed\nwith the SEC by SVAC through the website maintained by the SEC\nat www.sec.gov. In addition, the documents filed by SVAC may be obtained free\nof charge from SVAC’s website at https://sv-ac.com or by directing a\nrequest to Spring Valley Acquisition Corp. III, Attn: Corporate Secretary,\n2100 McKinney Avenue, Suite 1675, Dallas, Texas 75201. The information\ncontained on, or that may be accessed through, the websites referenced in this\ndocument is not incorporated by reference into, and is not a part of, this\ndocument.\n\nParticipants in the Solicitation\nGeneral Fusion, SVAC and their respective directors, executive officers and\nother members of management and employees may, under the rules of the SEC, be\ndeemed to be participants in the solicitations of proxies from SVAC’s\nshareholders in connection with the Proposed Business Combination. For more\ninformation about the names, affiliations and interests of SVAC’s directors\nand executive officers, please refer to the Final Prospectus and the\nRegistration Statement, Proxy Statement and other relevant materials filed or\nto be filed with the SEC in connection with the Proposed Business Combination\nwhen they become available. Additional information regarding the participants\nin the proxy solicitation and a description of their direct and indirect\ninterests, which may, in some cases, be different than those of SVAC’s\nshareholders generally, will be included in the Registration Statement and the\nProxy Statement, when they become available. Shareholders, potential investors\nand other interested persons should read the Registration Statement and the\nProxy Statement carefully, when they become available, before making any\nvoting or investment decisions. You may obtain free copies of these documents\nfrom the sources indicated above.\n\nNo Offer or Solicitation\nThis document shall not constitute a “solicitation” as defined in Section\n14 of the Securities Exchange Act of 1934, as amended. This document shall not\nconstitute an offer to sell or exchange, the solicitation of an offer to buy\nor a recommendation to purchase, any securities, or a solicitation of any\nvote, consent or approval, nor shall there be any sale, issuance or transfer\nof securities in any jurisdiction in which such offer, solicitation or sale\nmay be unlawful under the laws of such jurisdiction. No offering of securities\nin the Proposed Business Combination shall be made except by means of a\nprospectus meeting the requirements of the Securities Act of 1933, as amended,\nor an exemption therefrom.\n\nInvestor Relations Contact:\nYou can contact General Fusion’s Investor Relations team by email at:\ninvestors@generalfusion.com.\n\nIf you are based in North America, you may also leave a toll-free voicemail at\n+1 (833) 717-1519. Callers outside North America can reach us at +1 (236)\n253-6968.\n\nMedia Relations Contact:\nmedia@generalfusion.com \n1-866-904-0995"},"type":"article","timestamp":"2026-04-22T12:00:00.831845492Z","server_sent_at_ms":1776859200831},"received_at":"2026-04-22T12:00:00.886Z","source_url":null},"analysis":null,"durationMs":null,"modelName":null}}