General Fusion set to become the first publicly traded fusion stock on a major exchange

British Columbia-based General Fusion on Friday completed its deal to become first publicly traded fusion stock on a major exchange. The 24-year-old company is trying to harness the atom-smashing reactions that power the sun, aiming to create commercially viable amounts of electricity — a feat no one has yet accomplished.

General Fusion closed its merger with Spring Valley Acquisition Corp. III, allowing it to go public through a special purpose acquisition company, or SPAC. The companies first announced the $1 billion agreement in January, months after layoffs and a public plea by its CEO for new investment.

Its shares are expected to begin trading on the Nasdaq exchange Monday under the ticker symbol GFUZ, and its warrants under GFUZW.

Last month, the company announced a partnership with energy infrastructure company Renexia to begin planning commercial deployment of its clean energy systems in Italy, though significant technical hurdles remain.

Editor’s note: General Fusion is set to become the first publicly traded pure-play fusion energy company on a major exchange. In late 2025, Renewal Fuels, which has been trading on OTC markets for more than a decade, agreed to acquire Kepler Fusion Technologies in a reverse merger. The transaction closed in February 2026, and the combined company has rebranded as American Fusion.