General Fusion Group Ltd. (SVAC) Form 6-K — Aug 18, 2026
General Fusion Group Ltd. disclosed that predecessor Spring Valley Acquisition Corp. III's condensed consolidated financial statements for the quarter ended March 31, 2026 should no longer be relied upon, after management determined the estimated fair value of a non-cash subscription liability was overstated. The Board, on the Audit Committee's recommendation, made the non-reliance determination on August 17, 2026, and the affected statements will be restated in an amended Form 10-Q to be filed with the SEC as soon as practicable.
Key figures
- Gross Proceeds
- 107700000
- Pipe units
- 10556367
- Affected period
- quarter ended March 31, 2026
- Pipe unit price usd
- 10.2
- Warrant exercise price usd
- 12
- Non reliance determination date
- 2026-08-17
- Business combination closing date
- 2026-07-10
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