The First Publicly Listed Fusion Stock Just Started Trading, and It Did Not Arrive Quietly

General Fusion Group Ltd. began trading on the Nasdaq under the ticker GFUZ on July 13, 2026, after completing its business combination with Spring Valley Acquisition Corp. III, the company announced. The listing makes General Fusion the first publicly listed fusion company, according to the company. The company enters the public markets with approximately US$150 million in cash, inclusive of net transaction proceeds from the private placement and trust capital. This capital is expected to fund the Lawson program through several key technical milestones targeted for completion in 2028, with the goal of demonstrating and de-risking Magnetized Target Fusion technology in a commercially relevant way. The company reports more than 200,000 plasma experiments conducted over two decades, culminating in its LM26 demonstration machine, which recently showed compressional plasma heating to electron temperatures of approximately 8.4 million degrees Celsius. The company was ranked first on TIME's list of the World's Top GreenTech Companies of 2026. General Fusion and Renexia S.p.A., a Toto Group company, announced a framework agreement to advance the commercial deployment of fusion energy technology in Italy. Chief Executive Officer Greg Twinney framed the listing as the start of a new chapter built on a long operating history.