Struggling fusion power company General Fusion to go public via $1B reverse merger [TechCrunch]
NuScale Power Corporation Class A (SMR)
Company Research
Source: TechCrunch
Today, General Fusion revealed its survival plan: it will go public through a reverse merger with an special purpose acquisition company, Spring Valley III , combined with additional investment from institutional investors. It's a significant change in fortunes for a company whose CEO wrote a public letter just last year pleading for funding. If the deal closes as planned, General Fusion could receive up to $335 million from the transaction, more than double what it was reportedly seeking to raise last year before it landed the $22 million lifeline. The transaction will value the combined company at about $1 billion, General Fusion said. Before the merger was announced. The fusion startup, which was founded in 2002, had previously raised over $440 million , according to PitchBook. General Fusion plans to use the money to complete its demonstration reactor, Lawson Machine 26 (LM26). The device uses an approach called “inertial confinement,” which works by compressing a fuel pell
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SMR
Earnings
- 11/6/25 - Miss
SMR
Sec Filings
- 1/30/26 - Form SCHEDULE
- 1/30/26 - Form SCHEDULE
- 1/27/26 - Form 4
- SMR's page on the SEC website