Last year, fusion power startup General Fusion was struggling to raise funds, laying off at least 25% of its staff before receiving a $22 million lifeline investment while it figured out how to keep the company afloat.
Today, General Fusion revealed its survival plan: It will go public through a reverse merger with a special purpose acquisition company, Spring Valley III, combined with additional investment from institutional investors. It’s a significant change in fortunes for a company whose CEO wrote a public letter just last year pleading for…

![[CITYPNG.COM]White Google Play PlayStore Logo – 1500×1500](https://startupnews.fyi/wp-content/uploads/2025/08/CITYPNG.COMWhite-Google-Play-PlayStore-Logo-1500x1500-1-630x630.png)