General Fusion Group (NASDAQ:GFUZ) shares are trading higher by almost 23% on Tuesday. On Monday, the company began trading on the Nasdaq under the ticker symbol “GFUZ.”

This follows its business combination with Spring Valley Acquisition Corp III.

• General Fusion Group stock is among today’s top performers. Why is GFUZ stock surging?

First Publicly Listed Fusion Company

General Fusion is going public with around $150 million in available cash. This includes proceeds from a private placement and trust funds, to advance its Magnetized Target Fusion (MTF) technology.

The funding is expected to support the company’s Lawson program through key technical milestones targeted for completion by 2028.

General Fusion’s MTF technology is designed to address major challenges in fusion commercialization by using existing materials and avoiding the need for superconducting magnets or high-powered lasers.

In early 2025, the company began operating its LM26 fusion demonstration machine. It was built in less than two years and represents the first MTF system developed at a commercially relevant scale.

Company Overview

General Fusion is developing MTF technology, combining magnetic confinement with mechanical compression to achieve fusion conditions. The company operates LM26, a large-scale demonstration system designed to validate its technology and support the development of commercial fusion power plants.

GFUZ Stock Price: Latest Trading Activity

GFUZ Stock Price Activity: General Fusion Group shares were up 23.09% at $13.54 at the time of publication on Tuesday, according to Benzinga Pro data.

Photo via Shutterstock