GlobeNewsWire
23 Jun 2026, 23:24 UTC · 2h ago
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General Fusion is pursuing a public listing via a business combination with Spring Valley Acquisition Corp. III (SVAC), with a shareholder vote set for July 6, 2026. — This provides a concrete timeline for the company's transition to a public entity, creating immediate tradable interest in SVAC and the future GFUZ ticker.
+0.60The LM26 machine achieved plasma heating to electron temperatures of approximately 8.4 million degrees Celsius (0.72 keV). — While not yet reaching the 1 keV target, it serves as a technical validation of their MTF approach, reducing the perceived risk of the technology's viability.
+0.40Experimental results from the LM26 machine are consistent with theoretical modeling and simulations. — Alignment between theory and experiment increases investor confidence that planned upgrades will successfully lead to higher plasma conditions.
+0.20Which stocks this story touches
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The company is merging with General Fusion, which has reported significant technical progress toward commercial fusion energy.
Mentioned as a previous business combination partner without any new material developments.
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