Spring Valley Acquisition Corp. III

Spring Valley Acquisition Corp. III, General Fusion Inc., and 1573562 B.C. Ltd. entered into Amendment No. 2 to their Business Combination Agreement on June 3, 2026. This amendment primarily grants Company SAFE Holders the right to vote on the Arrangement Resolution related to the Plan of Arrangement. It also updates several definitions within the agreement and replaces the Plan of Arrangement exhibit. This is the second amendment to the original business combination agreement.

Spring Valley Acquisition Corp. III (SVAC), General Fusion Inc., and 1573562 B.C. Ltd. entered into Amendment No. 1 to their Business Combination Agreement. The amendment clarifies the timing of SPAC Class A Common Share redemptions to occur immediately prior to the SPAC Continuation and sets the initial reservation for the SPAC Equity Incentive Plan at 15% of outstanding SPAC Common Shares post-closing. It also updates the forms of SPAC Closing Articles and Plan of Arrangement and revises the sequence of transactions.

Spring Valley Acquisition Corp. III entered into a Business Combination Agreement with General Fusion Inc. on January 21, 2026, which includes a PIPE financing of approximately $107.67 million. For the first quarter of 2026, the company reported a net loss of $(423.3) million, primarily due to a subscription agreement liability related to the merger. The company's liquidity condition raises substantial doubt about its ability to continue as a going concern, which management plans to address through the Business Combination.

Spring Valley Acquisition Corp. III (SVAC) filed an Updated Investor Presentation (Exhibit 99.1) related to its previously announced Business Combination Agreement with General Fusion Inc. This updated presentation will be used for shareholders and other interested parties, superseding a prior version filed on April 15, 2026. The document provides information for a potential investment in General Fusion and clarifies that it does not constitute an offer or solicitation for the proposed business combination.

Spring Valley Acquisition Corp. III (SVAC III) has filed an updated investor presentation concerning its previously announced business combination with General Fusion Inc. This new presentation, attached as Exhibit 99.1, will be utilized for discussions with shareholders and other interested parties. It replaces the earlier investor presentation that was furnished on April 6, 2026, providing the latest information regarding the ongoing merger process.

Spring Valley Acquisition Corp. III filed an 8-K with an updated investor presentation related to its proposed business combination with General Fusion. The updated presentation supersedes the previous version filed on January 22, 2026, and will be used in presentations to shareholders and other parties.