The company enters public markets with approximately US$150 million in cash. This capital is earmarked for the Lawson program, a technical roadmap aimed at de-risking the firm’s proprietary Magnetized Target Fusion technology by 2028. Unlike competitors relying on complex lasers or superconducting magnets, General Fusion utilizes a liquid metal liner to mechanically compress plasma, a design the company claims is better suited for standard power plant infrastructure.
General Fusion Hits Nasdaq as First Publicly Traded Fusion Firm
After two decades of private funding, Vancouver-based General Fusion has completed its business combination with Spring Valley Acquisition Corp. III. The merger grants the company a Nasdaq listing under the ticker GFUZ, marking a shift for an industry long confined to venture capital and high-profile private syndicates.
At the heart of this strategy is the LM26 demonstration machine. Currently under development in Vancouver, the device is intended to reach critical heating milestones and eventually prove the Lawson criterion—the threshold for net energy production. While the transition to public markets offers a new level of transparency, the firm faces significant technical hurdles before commercial viability. Investors will now track the company's progress in real time as it attempts to move from experimental engineering to grid-scale energy production.
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