General Fusion Group Ltd. director Klaas de Boer reports his initial derivative holdings in the company. The disclosure lists directly held stock options over common shares with exercise prices from $0.5300 to $8.9500 expiring between 2030 and 2036, plus low-priced earnout options over Earnout Shares expiring by July 10, 2031. Earnout Shares, including those underlying the earnout options, automatically convert into common shares if volume weighted average price targets of $15.00, $20.00 and $25.00 are met for 20 of 30 trading days on or before July 10, 2031.
General Fusion Group Ltd. director Thomas Boehlert reported initial beneficial ownership of 20,000 common shares, stock options over 42,755 common shares at an exercise price of $8.95, and earnout options over 8,907 earnout shares at $0.01.
Both option types vest in three substantially equal annual installments from their original grant dates. The earnout shares convert to common shares only if volume weighted average price thresholds of $15.00, $20.00 and $25.00 are met on or before July 10, 2031.
General Fusion Group Ltd. director Kei Wendy Wai Ting reports initial beneficial ownership consisting of stock options over 42,755 common shares at $8.95 per share, expiring May 27, 2036, and earnout options over 8,907 earnout shares at $0.01 per share, expiring July 10, 2031. These options vest in three substantially equal annual installments from their original grant dates, and the earnout shares, split equally among Class A, B and C series, convert into common shares only if volume weighted average price targets of $15.00, $20.00 and $25.00 are met on or before July 10, 2031.
General Fusion Group Ltd. director and Chief Executive Officer Gregory D. Twinney filed an initial ownership report. He directly holds 290,533 Common Shares and 60,525 Earnout Shares, plus multiple stock option and earnout option grants with exercise prices ranging from $0.01 to $9.06 and expirations through 2036.
Key positions include options over 1,770,828 Common Shares at $0.53 expiring August 6, 2035, and options over 581,463 Common Shares at $8.95 expiring May 27, 2036. Footnotes describe vesting schedules tied to prior grants and a business combination, and state that Earnout Shares convert into common shares if the volume weighted average price reaches $15.00, $20.00 and $25.00 for 20 of 30 trading days on or before July 10, 2031.
General Fusion Group Ltd. completed a business combination with Spring Valley Acquisition Corp. III on July 10, 2026, continuing from the Cayman Islands to British Columbia and adopting its current name. New GF Subordinate Voting Shares trade on Nasdaq under “GFUZ” and New GF Public Warrants under “GFUZW.”
On an unaudited pro forma combined basis as of December 31, 2025, the company reported cash and cash equivalents of US$169,626k, current liabilities of US$73,108k, long-term liabilities of US$87,644k and redeemable convertible PIPE preferred shares of 10,556,373 shares valued at US$106,256k. The common share capital balance was US$365,406k, with an accumulated deficit of US$444,666k, resulting in total shareholders’ equity of negative US$85,964k.
Post-closing authorized capital includes an unlimited number of New GF Subordinate Voting Shares, of which 52,988,419 are outstanding, 12,000,000 New GF Multiple Voting Shares, of which 10,556,373 are outstanding, and three series of New GF Earnout Shares. Auditors for General Fusion Inc. cited recurring losses and accumulated deficit that raise substantial doubt about its ability to continue as a going concern.
General Fusion Group Ltd. is the subject of an amended beneficial ownership report by RichRich Capital LLC and Rich Huang. As of July 14, 2026, each reporting person states they beneficially own no Class A Ordinary Shares of the issuer, representing 0% of the class and ownership of 5 percent or less.