General Fusion Announces Business Update: LM26 Plasma Heated to Approximately 0.72 keV
General Fusion released a business update on August 18, disclosing its latest progress in fusion energy technology validation, commercial partnerships, and financing arrangements. The company went public on Nasdaq in July 2026 under the ticker symbol GFUZ. General Fusion stated that it entered the public market with approximately $150 million in cash following the completion of its business combination with Spring Valley Acquisition Corp. III. The funds include net transaction proceeds from private placement and trust capital, and are planned to support the Lawson Machine 26 (LM26) project and drive the completion of multiple...
2026-08-19
