General Fusion to Go Public via $1B SPAC Merger with Spring Valley Acquisition Corp., Eyeing Dual TSX‑Nasdaq Listing

Deal Summary

Canadian fusion startup General Fusion announced a SPAC merger with Spring Valley Acquisition Corp., which will provide $105 million in public equity and $230 million from the SPAC’s trust, valuing the combined entity at $1 billion. The transaction will enable General Fusion to list on the Nasdaq as early as June and pursue a dual listing on the Toronto Stock Exchange. The deal is backed by investors including Jeff Bezos and Shopify co‑founder Tobias Lütke.