Appleby Advises Spring Valley Acquisition Corp. III on Its USD1 Billion Business Combination with General Fusion
Appleby advised Spring Valley Acquisition Corp. III, (Spring Valley) as Cayman Islands legal counsel, in its completed business combination with General Fusion Inc. The combined entity, General Fusion Group Ltd. (General Fusion), is the first publicly traded pure-play fusion energy company and carries a pro-forma equity value of approximately $1 billion.
General Fusion’s shares and warrants are trading on Nasdaq under the ticker symbols “GFUZ” and “GFUZW,” respectively, on July 13, 2026. The transaction includes a committed PIPE (private investment in public equity) of around $107.7 million.
Appleby advised on all Cayman Islands legal aspects of the transaction, drawing on its extensive experience in cross-border mergers and capital markets transactions.
The Appleby Mergers and Acquisitions team was led by Partner Alexandra Low, Paralegal Sophia Cunningham and Articled Clerk Nazia Jacques with other members of the corporate team.
Appleby continues to play a key role in major public merger and acquisitions and public-market transactions worldwide across all sectors.
