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General Fusion debuts as first publicly traded fusion company
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General Fusion debuts as first publicly traded fusion company
General Fusion began trading on the Nasdaq under the ticker GFUZ, becoming the first publicly listed fusion power company.
- General Fusion's stock rose 40% from its opening price of $12.85 on its first trading day.
- The company completed its merger with Spring Valley Acquisition Corp. III last week.
- General Fusion raised $108 million from private investors alongside the de-SPAC transaction.
- The company stated it holds approximately $150 million in cash after the merger and private placement.
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