General Fusion Group (GFUZ): PenderFund discloses 9.97% ownership of common stock

Rhea-AI Filing Summary

PenderFund Capital Management Ltd., an institutional manager formed under the laws of British Columbia, Canada, reported beneficial ownership of common stock of General Fusion Group Ltd.

PenderFund reported holding 6,363,048 shares of common stock, representing 9.97% of the outstanding class. It has sole voting power and sole dispositive power over all 6,363,048 shares, with no shared voting or dispositive power.

Key Figures

Shares beneficially owned: 6,363,048 shares Percent of class: 9.97% Sole voting power: 6,363,048 shares +1 more

4 metrics

Shares beneficially owned 6,363,048 shares Common stock of General Fusion Group Ltd. beneficially owned by PenderFund

Percent of class 9.97% Percentage of General Fusion Group Ltd. common stock class owned by PenderFund

Sole voting power 6,363,048 shares Shares over which PenderFund has sole power to vote or direct the vote

Sole dispositive power 6,363,048 shares Shares over which PenderFund has sole power to dispose or direct disposition

Key Terms

Schedule 13G, beneficially owned, sole voting power, dispositive power

4 terms

Schedule 13G regulatory

"PenderFund Capital Management Ltd. filed a Schedule 13G reporting its beneficial ownership"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned financial

"Amount beneficially owned: 6,363,048"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Sole power to vote or to direct the vote: 6,363,048"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

dispositive power financial

"Sole power to dispose or to direct the disposition of: 6,363,048"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

What percentage of General Fusion Group Ltd. (GFUZ) does PenderFund Capital Management own?

PenderFund Capital Management Ltd. reported owning 9.97% of General Fusion Group Ltd.’s common stock, based on 6,363,048 shares beneficially owned with sole voting and dispositive power.

How many GFUZ shares does PenderFund Capital Management beneficially own?

PenderFund Capital Management Ltd. beneficially owns 6,363,048 shares of General Fusion Group Ltd. common stock, with sole power to vote and dispose of all these shares and no shared authority.

What type of filing did PenderFund make regarding its GFUZ holdings?

PenderFund Capital Management Ltd. filed a Schedule 13G reporting its beneficial ownership of General Fusion Group Ltd. common stock, including voting and dispositive power over 6,363,048 shares, or 9.97% of the class.

Does PenderFund share voting or dispositive power over its GFUZ shares?

No. PenderFund Capital Management Ltd. reported sole voting power and sole dispositive power over 6,363,048 GFUZ shares, and 0 shared voting or shared dispositive power in this Schedule 13G filing.

Where is PenderFund Capital Management, the GFUZ shareholder, based?

PenderFund Capital Management Ltd., which holds 6,363,048 GFUZ shares, is a corporation formed under the laws of British Columbia, Canada, with its principal business office in Vancouver, BC.

Who signed the Schedule 13G for PenderFund’s GFUZ ownership?

The Schedule 13G reporting PenderFund’s 6,363,048 GFUZ shares was signed by Amanda Patterson, CFO and Head of Operations, dated 08/10/2026.

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Available on EDGAR 08/10/2026 - 09:08 PM Accepted by SEC EDGAR 08/10/2026 - 09:08 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

General Fusion Group Ltd.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

369884101

(CUSIP Number)

08/10/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 369884101

1

Names of Reporting Persons

PenderFund Capital Management Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

BRITISH COLUMBIA, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,363,048.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,363,048.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,363,048.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

10.0 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: General Fusion Group Ltd.
(b)	Address of issuer's principal executive offices: 6020 RUSS BAKER WAY, RICHMOND, BRITISH COLUMBIA, CANADA, V7B 1B4.
Item 2.
(a)	Name of person filing: PenderFund Capital Management Ltd.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of PenderFund Capital Management Ltd. is 1830-1066 West Hastings Street, Vancouver, BC, Canada V6E 3X2
(c)	Citizenship: PenderFund Capital Management Ltd. is a corporation formed under the laws of British Columbia, Canada
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 369884101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Institutional Manager
Item 4.	Ownership
(a)	Amount beneficially owned: 6,363,048
(b)	Percent of class: 9.97 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6,363,048
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6,363,048
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PenderFund Capital Management Ltd.

Signature:	Amanda Patterson
Name/Title:	CFO and Head of Operations
Date:	08/10/2026