{"url_path":"/sec/svac/8-k/2026-07-06/item-5-07","section_key":"item-5-07","section_title":"Item 5.07 Submission of Matters to a Vote","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-06","source_url":"https://www.sec.gov/Archives/edgar/data/2074850/0001104659-26-080739-index.html","accession_number":"0001104659-26-080739","cik":"0002074850","ticker":"SVAC","issuer_name":"General Fusion Group Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2074850/0001104659-26-080739-index.html","primary_entity_key":"0002074850","primary_entity_name":"Spring Valley Acquisition Corp. III"},"word_count":2368,"has_tables":true,"body_markdown":"**Item 5.07 Submission of Matters to a Vote\nof Security Holders**\n\n** **\n\nOn\nJuly 6, 2026, Spring Valley Acquisition Corp. III, an exempted company incorporated in the Cayman Islands with limited liability (“**SVIII,**”\n“**Spring Valley**” or the “**Company**”), held its extraordinary general meeting of shareholders\n(the “**Meeting**”), in connection with the proposed business combination by and among the Company, General Fusion\nInc., a British Columbia limited company (“**General Fusion**”), and 1573562 B.C. Ltd., a British Columbia limited\ncompany and a wholly-owned direct subsidiary of Spring Valley (“**NewCo**”), pursuant to a Business Combination\nAgreement dated as of January 21, 2026 (as may be amended, supplemented or otherwise modified from time to time, the “**Business\nCombination Agreement**,” and the transactions contemplated thereby, collectively, the “**Business Combination**”),\nas described in the Company’s definitive proxy statement/prospectus filed with the U.S. Securities and Exchange Commission (the\n“**SEC**”) on June 12, 2026 and mailed to shareholders on or about June 15, 2026 (the “**Proxy Statement**”).\nEach proposal (individually a “**Proposal**”) voted upon at the Meeting and the final voting results are indicated\nbelow. Each Proposal voted on at the Meeting is described in detail in the Proxy Statement. Capitalized terms used, but not otherwise\ndefined herein shall have the respective meanings assigned to such terms in the Proxy Statement.\n\n \n\nAs of the close of business on June 12, 2026,\nthe record date for the Meeting, there were approximately 23,000,000 Class A ordinary shares, par value $0.0001 per share (the “**Class\nA ordinary shares**”), and 7,666,667 Class B ordinary shares, par value $0.0001 per share (the “**Class B ordinary\nshares**” and, together with the Class A ordinary shares, the “**Ordinary Shares**”), outstanding. A\ntotal of 17,402,874 Ordinary Shares, representing approximately 56.74% of the outstanding Ordinary Shares entitled to vote, were present\nin person or by proxy, constituting a quorum. \n\n \n\n1.\n**Proposal No. 1** - The Continuation Proposal - To approve, by Special Resolution, the transfer of Spring Valley by way of continuation and de-registration from the Cayman Islands to the Province of British Columbia, Canada in accordance with the Spring Valley Articles and Part 12 of the Cayman Islands Companies Act (As Revised) (the “**Companies Act**”) and the Business Corporations Act (British Columbia) (the “**BCBCA**”), including the adoption of the Continuation Articles. The Continuation Proposal was approved and received the following votes:\n\n \n\n**Proposal\nNo.**\n \n**Ordinary\nShares\nVotes For**\n \n**Ordinary\nShares\nVotes Against**\n \n**Ordinary\nShares\nAbstentions**\n\n1.\n \n16,760,091\n \n642,282\n \n501\n\n \n\n2.\n**Proposal No. 2** - The Business Combination Proposal - To approve by Special Resolution, the Business Combination Agreement and the Business Combination. The Business Combination Proposal was approved and received the following votes:\n\n \n\n**Proposal\nNo.**\n \n**Ordinary\nShares\nVotes For**\n \n**Ordinary\nShares\nVotes Against**\n \n**Ordinary\nShares\nAbstentions**\n\n2.\n \n16,760,217\n \n642,282\n \n375\n\n \n\n3.\n**Proposal No. 3**- The Advisory Organizational Documents Proposals - To approve on a non-binding advisory basis, by Ordinary Resolution, the following four proposals relating to the governance provisions contained in the New GF Closing Articles that materially affect Spring Valley Shareholders’ rights. Each of the Advisory Organizational Documents Proposals was approved and received the following votes:\n\n \n\n \nA.\n**Proposal 3A**: To change the authorized share capital from the existing (i) 200,000,000 Spring Valley Class A Shares, (ii) 20,000,000 Spring Valley Class B Shares, and (iii) 1,000,000 preference shares of a nominal or par value of $0.0001 each, to (1) an unlimited number of New GF Subordinate Voting Shares; (2) an unlimited number of preferred shares, issuable in series, of which none will be outstanding; (3) 4,500,000 New GF Class A Earnout Shares; (4) 4,500,000 New GF Class B Earnout Shares; (5) 4,500,000 New GF Class C Earnout Shares; and (6) 10,556,373 New GF Multiple Voting Shares (as defined in the Proxy Statement). The Authorized Capital Proposal was approved and received the following votes:\n\n \n\n \n\n \n\n \n\n**Proposal\nNo.**\n \n**Ordinary Shares\nVotes For**\n \n**Ordinary Shares\nVotes Against**\n \n**Ordinary Shares\nAbstentions**\n\n3A\n \n15,401,149\n \n2,000,344\n \n1,381\n\n \n\n \nB.\n**Proposal 3B**: To reduce the requisite quorum for a meeting of shareholders from (x) one or more shareholders holding at least a majority of the paid up voting share capital present in person or by proxy and entitled to vote at that meeting to (y) two persons who are, or who represent by proxy, shareholders who, in the aggregate, hold at least 33⅓% of the issued shares entitled to be voted at the meeting. The Quorum Proposal was approved and received the following votes:\n\n \n\n**Proposal\nNo.**\n \n**Ordinary Shares\nVotes For**\n \n**Ordinary Shares\nVotes Against**\n \n**Ordinary Shares\nAbstentions**\n\n3B\n \n16,756,952\n \n643,943\n \n1,979\n\n \n\n \nC.\n**Proposal 3C**: To include an advance notice provision that requires a shareholder to provide notice to New General Fusion in advance of a meeting of shareholders should such shareholder wish to nominate a person for election to the board of directors. The Advance Notice Proposal was approved and received the following votes:\n\n \n\n**Proposal\nNo.**\n \n**Ordinary Shares\nVotes For**\n \n**Ordinary Shares\nVotes Against**\n \n**Ordinary Shares\nAbstentions**\n\n3C\n \n16,758,436\n \n643,491\n \n947\n\n \n\n \nD.\n**Proposal****3D**: To not include provisions relating to the Spring Valley Class B Shares, the Spring Valley IPO, Sponsor, the Business Combination and other related matters. The Other Matters Proposal was approved and received the following votes:\n\n \n\n**Proposal\nNo.**\n \n**Ordinary Shares\nVotes For**\n \n**Ordinary Shares\nVotes Against**\n \n**Ordinary Shares\nAbstentions**\n\n3D\n \n16,728,317\n \n673,148\n \n1,409\n\n \n\n4.\n**Proposal No. 4** - The Nasdaq Proposal - To approve, for purposes of complying with applicable listing rules of The Nasdaq Stock Market LLC, the issuance of New GF Subordinate Voting Shares in connection with the Business Combination. The Nasdaq Proposal was approved and received the following votes:\n\n \n\n**Proposal\nNo.**\n \n**Ordinary Shares\nVotes For**\n \n**Ordinary Shares\nVotes Against**\n \n**Ordinary Shares\nAbstentions**\n\n4.\n \n16,759,233\n \n643,268\n \n373\n\n \n\n5.\n**Proposal****No****. 5** - The Incentive Plan Proposal - To approve, by Ordinary Resolution, the issuance of New GF Subordinate Voting Shares pursuant to the 2026 Long-Term Incentive Plan. The Incentive Plan Proposal was approved and received the following votes:\n\n \n\n**Proposal\nNo.**\n \n**Ordinary Shares\nVotes For**\n \n**Ordinary Shares\nVotes Against**\n \n**Ordinary Shares\nAbstentions**\n\n5.\n \n15,491,365\n \n1,910,943\n \n566\n\n \n\n6.\n**Proposal****No****. 6** - The Price Adjustment Proposal - To approve, by Ordinary Resolution of the disinterested Spring Valley Shareholders, the Conversion Price Adjustment Provisions of the New GF Multiple Voting Shares and the Exercise Price Adjustment Provision of the New GF PIPE Warrants, in each case issuable in connection with the PIPE Financing. The Price Adjustment Proposal was approved and received the following votes:\n\n \n\n**Proposal\nNo.**\n \n**Ordinary Shares\nVotes For**\n \n**Ordinary Shares\nVotes Against**\n \n**Ordinary Shares\nAbstentions**\n\n6.\n \n16,758,488\n \n643,373\n \n1,013\n\n \n\n \n\n \n\n \n\n7.\n**Proposal****No****. 7** - The Director Election Proposal - To approve, by Ordinary Resolution, the election of seven directors, being Greg Twinney, Christopher Sorrells, Mark Little, Klaas de Boer, Norman Harrison, Wendy Kei, and Thomas Boehlert, effective upon the Closing, to serve on the New GF Board for the applicable term, under the New GF Closing Articles, or until such directors' successors have been duly elected and qualified, or until such directors' earlier death, resignation, retirement or removal. The Director Election Proposal was approved and each of the seven directors received the following votes:\n\n \n\n**Name**\n \n**Ordinary Shares\nVotes For**\n \n**Ordinary Shares\nWithhold**\n \n\nGreg Twinney\n \n16,760,303\n \n642,571\n \n\nChristopher Sorrells\n \n16,760,277\n \n642,597\n \n\nMark Little\n \n16,760,287\n \n642,587\n \n\nKlaas de Boer\n \n15,760,342\n \n1,642,532\n \n\nNorman Harrison\n \n16,760,277\n \n642,597\n \n\nWendy Kei\n \n16,759,998\n \n642,876\n \n\nThomas Boehlert\n \n16,760,277\n \n642,597\n \n\n \n\nAs\nthere were sufficient votes to approve the Continuation Proposal, the Business Combination Proposal, each of the Advisory Organizational\nDocuments Proposal, the Nasdaq Proposal, the Incentive Plan Proposal, the Price Adjustment Proposal, and the Director Election Proposal,\nthe Adjournment Proposal was not presented to the Company’s shareholders.\n\n \n\n \n\n \n\n \n\n**Cautionary Note Regarding Forward-Looking Statements**\n\n \n\nCertain statements included in this document are\nnot historical facts but are forward-looking statements. All statements other than statements of historical facts contained in this document\nare forward-looking statements. Any statements that refer to projections, forecasts or other characterizations of future events or circumstances,\nincluding any underlying assumptions, are also forward-looking statements. In some cases, you can identify forward-looking statements\nby words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,”\n“anticipate,” “believe,” “seek,” “strategy,” “future,” “opportunity,”\n“may,” “target,” “should,” “will,” “would,” “will be,” “will\ncontinue,” “will likely result,” “preliminary,” or similar expressions that predict or indicate future events\nor trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking.\nForward-looking statements include, without limitation, SVIII’s, General Fusion’s, or their respective management teams’\nexpectations concerning the proposed Business Combination and expected benefits or timing thereof; the outlook for General Fusion’s\nbusiness, including its ability to commercialize MTF or any other fusion technology on its expected timeline or at all; statements regarding\nthe current and expected results of General Fusion’s LM26 program; the ability to execute General Fusion’s strategies, including\non any expected timeline or anticipated cost basis; projected and estimated financial performance; anticipated industry trends; future\ncapital expenditures; government regulation of fusion energy; and environmental risks; as well as any information concerning possible\nor assumed future results of operations of General Fusion. The forward-looking statements are based on the current expectations of the\nrespective management teams of SVIII and General Fusion, as applicable, and are inherently subject to uncertainties and changes in circumstance\nand their potential effects. There can be no assurance that future developments will be those that have been anticipated. These forward-looking\nstatements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially\ndifferent from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited\nto, (i) the risk that the proposed Business Combination may not be completed in a timely manner or at all, which may adversely affect\nthe price of SVIII’s securities; (ii) the failure to satisfy the conditions to the consummation of the proposed Business Combination,\nincluding the adoption of the Business Combination Agreement by the shareholders of SVIII and General Fusion and the receipt of regulatory\napprovals; (iii) market risks; (iv) the occurrence of any event, change or other circumstance that could give rise to the termination\nof the Business Combination Agreement; (v) the effect of the announcement or pendency of the proposed Business Combination on General\nFusion’s business relationships, performance, and business generally; (vi) risks that the proposed Business Combination disrupts\ncurrent plans of General Fusion and potential difficulties in its employee retention as a result of the proposed Business Combination;\n(vii) the outcome of any legal proceedings that may be instituted against General Fusion or SVIII related to the Business Combination\nAgreement or the proposed Business Combination; (viii) failure to realize the anticipated benefits of the proposed Business Combination;\n(ix) the inability to maintain the listing of SVIII’s securities or to meet listing requirements and maintain the listing of\nthe combined company’s securities on Nasdaq; (x) the risk that the proposed Business Combination may not be completed by SVIII’s\nbusiness combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by SVIII;\n(xi) the risk that the price of the combined company’s securities may be volatile due to a variety of factors, including changes\nin laws, regulations, technologies, natural disasters, national security tensions, and macro-economic and social environments affecting\nits business; (xii) laws and regulations governing General Fusion’s research and development activities, and changes in such\nlaws and regulations; (xiii) any failure to commercialize MTF on the expected timeline or at all, including any failure to achieve\nthe objectives of the LM26 program; (xiv) environmental regulations and legislation; (xv) the effects of climate change, extreme\nweather events, water scarcity, and seismic events, and the effectiveness of strategies to deal with these issues; (xvi) fluctuations\nin currency markets; (xvii) General Fusion’s ability to complete and successfully integrate any future acquisitions; (xviii) increased\ncompetition in the fusion industry; (xix) limited supply of materials and supply chain disruptions; and (xx) the risk that the\nproposed private placement of convertible preferred shares and warrants by General Fusion (the “PIPE Financing”) may not be\ncompleted, or that other capital needed by the combined company may not be raised on favorable terms, or at all, including as a result\nof the restrictions agreed to in connection with the PIPE Financing. The foregoing list is not exhaustive, and there may be additional\nrisks that neither SVIII nor General Fusion presently know or that SVIII and General Fusion currently believe are immaterial. You should\ncarefully consider the foregoing factors, any other factors discussed in this document and the other risks and uncertainties described\nin the “Risk Factors” section of the Final Prospectus and the risks described in the Registration Statement, or to be described\nin any amendment or supplement thereto; the risks described in the definitive proxy statement/prospectus filed with the SEC on June 12,\n2026, or to be described in any amendment or supplement thereto; and those discussed and identified in filings made with the SEC by SVIII\nfrom time to time. General Fusion and SVIII caution you against placing undue reliance on forward-looking statements, which reflect current\nbeliefs and are based on information currently available as of the date a forward-looking statement is made. Forward-looking statements\nset forth in this document speak only as of the date of this document. Neither General Fusion nor SVIII undertakes any obligation to revise\nforward-looking statements to reflect future events, changes in circumstances, or changes in beliefs. In the event that any forward-looking\nstatement is updated, no inference should be made that General Fusion or SVIII will make additional updates with respect to that statement,\nrelated matters, or any other forward-looking statements. Any corrections or revisions and other important assumptions and factors that\ncould cause actual results to differ materially from forward-looking statements, including discussions of significant risk factors, may\nappear, up to the consummation of the proposed Business Combination, in SVIII’s public filings with the SEC, which are or will be\n(as applicable) accessible at www.sec.gov, and which you are advised to review carefully.\n\n \n\n \n\n \n\n \n\n**SIGNATURE**\n\n \n\nPursuant to the requirements\nof the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto\nduly authorized.\n\n \n\n \n**SPRING VALLEY ACQUISITION CORP. III**\n\n \n \n\n \nBy:\n/s/ Christopher Sorrells\n\n \nName: \nChristopher Sorrells\n\n Dated: July 6, 2026\nTitle:\nChief Executive Officer and Chairman"}