{"url_path":"/sec/svac/10-k/2026/item-18","section_key":"item-18","section_title":"Item 18 FINANCIAL STATEMENTS**","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-07-16","source_url":"https://www.sec.gov/Archives/edgar/data/2074850/0001104659-26-084015-index.html","accession_number":"0001104659-26-084015","cik":"0002074850","ticker":"SVAC","issuer_name":"General Fusion Group Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2074850/0001104659-26-084015-index.html","primary_entity_key":"0002074850","primary_entity_name":"General Fusion Group Ltd."},"word_count":130,"has_tables":true,"body_markdown":"**ITEM 18. FINANCIAL STATEMENTS**\n\n \n\nThe audited financial statements of Spring Valley as of December 31, 2025 and for the period from March 12, 2025 through December 31,\n2025 are incorporated by reference to pages F-2 to F-22 of the Proxy Statement/Prospectus.\n\n \n\nThe unaudited financial statements of Spring Valley\nare incorporated by reference to pages F-23 to F-44 of the Proxy Statement/Prospectus.\n\n \n\nThe audited consolidated financial statements of General Fusion Inc. as of December 31, 2025 and 2024, and for two years then ended are\nincorporated by reference to pages F-45 to F-87 of the Proxy Statement/Prospectus.\n\n \n\nThe unaudited pro forma condensed combined financial\ninformation of the Company is incorporated by reference to pages 180 to 196 of the Proxy Statement/Prospectus and is attached as\nExhibit 15.1 to this Report.\n\n \n\n 13"}