Spring Valley III amends General Fusion merger deal, sets 15% equity pool and new redemption timing

Filed May 18, 2026 · Period ending May 12, 2026 · ~1 min read

Key Changes

• medium

  Amended business combination agreement with General Fusion to change redemption timing, with shareholders who elect redemption now receiving cash immediately before the SPAC continuation rather than at a different transaction stage.

  Item 1.01 verify on EDGAR →
• medium

  Established equity incentive plan at 15% of post-closing shares outstanding, representing potential dilution to existing shareholders as these shares may be issued to employees and management over time.

  Item 1.01 verify on EDGAR →
• low

  Updated legal documentation forms including SPAC Closing Articles and Plan of Arrangement, with new versions attached as exhibits to the amended agreement.

  Item 1.01 verify on EDGAR →