SVAC: Spring Valley Acquisition Corp. III Stock Profile
Key Finding: SVAC is a recently formed blank-check SPAC (incorporated 2025) nearing completion of its merger with fusion energy company General Fusion, with shareholder approval secured on July 6, 2026, and closing targeted for July 10, 2026, potentially creating the first pure-play public fusion company under ticker GFUZ.
Company Overview
Fact: Spring Valley Acquisition Corp. III (NASDAQ: SVAC) is a blank check company with no significant operations, incorporated in 2025 and headquartered in Dallas, Texas. It was formed to effect a business combination with one or more businesses in natural resources and decarbonization sectors.[web:0][web:1]
Interpretation: As a SPAC, SVAC serves primarily as a vehicle for private companies like General Fusion to access public markets without a traditional IPO.
Company History
Fact: Part of the Spring Valley platform (Dallas-based asset management firm focused on power infrastructure/decarbonization). Previous vehicle (Spring Valley I) merged with NuScale Power (SMR) in May 2022 at $2.2B valuation.[web:8]
Fact: SVAC III IPO closed September 2025, raising $230 million to pursue decarbonization targets.[web:10][web:25]
Fact: January 22, 2026: Definitive agreement announced to merge with General Fusion (founded 2002, >200 patents, Richmond, Canada HQ) at ~$1B implied equity valuation.[web:10][web:31]
Fact: July 6, 2026: Shareholders of both companies approve the business combination.[web:16][web:31]
Uncertainty: Exact post-merger structure and final capital (including ~$105-108M PIPE) depend on closing conditions.
Recent News (as of July 10, 2026)
July 6-7, 2026: SVAC shareholders approve merger with General Fusion; trading halts and resumes amid volatility.[web:16][web:18]GlobeNewswire
June 2026: General Fusion achieves plasma heating milestones; named TIME’s top GreenTech company of 2026; framework agreement with Renexia (Italy) for commercial deployment.[web:16][web:18]
January 2026: Merger announcement; expected to create world’s first publicly traded pure-play fusion company (post-close ticker: GFUZ).[web:10]
Stock Performance
Fact: Highly volatile pre-merger trading typical of SPACs. 52-week range: $7.35 – $12.00. Recent closes have fluctuated sharply (e.g., $7.90 to $9.24 intraday swings reported around July 9, 2026).[web:11][web:20][web:24]
Period
SVAC Return (approx.)
S&P 500 Comparison
YTD (as of ~July 9, 2026)
~9%
~10.2%
Recent 1-day example
+16.96% (to $9.24)
N/A
All-time high
$12.00 (Jan 2026)
N/A
Data Limitation: Performance figures are snapshots from July 2026 sources; pre-merger SPAC prices are driven by sentiment around the deal rather than fundamentals. No dividends or earnings history.
Overall Data Limitations & Assumptions: Information compiled from public web sources as of July 10, 2026. Merger closing is subject to regulatory approvals and conditions—actual close date may shift. Post-merger ticker and operations will change significantly. Stock data is real-time volatile and not investment advice. No forward-looking projections included.