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.