Initial Beneficial Ownership · 3
General Fusion Group Ltd.
GFUZNASDAQEQUITYCurrent
Initial Beneficial Ownership
Structured filing — 3
form3-07212026_010748.xml
Filing details
- Report period
- 2026-07-10
- Issuer
- General Fusion Group Ltd.
- Issuer CIK
- 0002074850
- Trading symbol
- GFUZ
Reporting owner 1
- Name
- de Boer Klaas
- Reporting owner CIK
- 0001845960
- Relationship
- Director
- Address
- 6020 RUSS BAKER WAY, RICHMOND, BRITISH COLUMBIA, CANADA, A1, V7B 1B4
Derivative holdings
| Security | Conversion / exercise price | Exercisable | Expires | Underlying security | Underlying shares | Ownership |
|---|---|---|---|---|---|---|
| Stock Option (right to buy) | 4.50 | [F1] | 2030-03-03 | Common Shares | 856 | D |
| Stock Option (right to buy) | 4.50 | [F1] | 2030-03-03 | Common Shares | 4,276 | D |
| Stock Option (right to buy) | 4.50 | [F1] | 2030-06-30 | Common Shares | 1,283 | D |
| Stock Option (right to buy) | 6.67 | [F1] | 2031-03-17 | Common Shares | 856 | D |
| Stock Option (right to buy) | 6.67 | [F1] | 2031-04-13 | Common Shares | 1,711 | D |
| Stock Option (right to buy) | 5.44 | [F2] | 2034-09-11 | Common Shares | 5,131 | D |
| Stock Option (right to buy) | 0.53 | [F3] | 2035-08-06 | Common Shares | 153,459 | D |
| Stock Option (right to buy) | 8.95 | [F4] | 2036-05-27 | Common Shares | 29,074 | D |
| Earnout Options (right to buy) | 0.01 | [F1][F5] | 2030-03-03 | Earnout Shares | 1,068 | D |
| Earnout Options (right to buy) | 0.01 | [F1][F5] | 2030-06-30 | Earnout Shares | 267 | D |
| Earnout Options (right to buy) | 0.01 | [F1][F5] | 2031-03-17 | Earnout Shares | 178 | D |
| Earnout Options (right to buy) | 0.01 | [F1][F5] | 2031-04-13 | Earnout Shares | 356 | D |
| Earnout Options (right to buy) | 0.01 | [F2][F5] | 2031-07-10 | Earnout Shares | 1,068 | D |
| Earnout Options (right to buy) | 0.01 | [F3][F5] | 2031-07-10 | Earnout Shares | 31,970 | D |
| Earnout Options (right to buy) | 0.01 | [F4][F5] | 2031-07-10 | Earnout Shares | 6,056 | D |
Table key
- D
- Direct
Footnotes
- F2
- These options vested as to 25% of the underlying shares on the first anniversary of the original date of grant by the Legacy Company, or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter.↩ 1↩ 2
- F3
- These options vested as to 50% of the underlying shares on the original date of grant by General Fusion Inc. (the "Legacy Company"), or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter. All underlying shares that vested prior to the closing of the Legacy Company's business combination with Spring Valley Acquisition Corp. III (the "Business Combination") remained vested following their exchange for options of General Fusion Group Ltd. (the "Company"), and the Earnout Options associated with each option award retained the vesting history of the associated option award.↩ 1↩ 2
- F4
- These options vest as to 25% of the underlying shares on the first anniversary of the original date of grant by the Legacy Company, or in the case of Earnout Options, the first anniversary of the original date of grant of the associated option award, with the remaining shares vesting in 12 substantially equal quarterly installments thereafter.↩ 1↩ 2
- F5
- Earnout Shares, including the Earnout Shares underlying the Earnout Options, consist of a substantially equal number of Class A Earnout Shares, Class B Earnout Shares, and Class C Earnout Shares, which will automatically convert into common shares of the Company if, on or before July 10, 2031, the volume weighted average price of the Company's common shares equals or exceeds each of $15.00, $20.00 and $25.00, respectively, for any 20 trading days within any period of 30 consecutive trading days.↩ 1↩ 2↩ 3↩ 4↩ 5↩ 6↩ 7
Remarks
Exhibit List: Exhibit 24-Power of Attorney
Signature 1
- Signed
- /s/ Griffin D. Foster, as attorney-in-fact for Klaas de Boer
- Date
- 2026-07-20
Filed exhibits
- EX-24 ↗ex24-07212026_010753.htm
Company context
General Fusion (NASDAQ: GFUZ) is a fusion technology development company. The Company aims to deliver economical, carbon-free fusion energy through its practical Magnetized Target Fusion (“MTF”) technology, an engineering-driven approach to fusion energy. General Fusion’s commercialization program is anchored by LM26, the world’s first commercially relevant-scale MTF demonstration machine. The Company is working toward the commercial deployment of fusion power in the mid-2030s. General Fusion is the first publicly listed fusion company and TIME’s No. 1 GreenTech Company of 2026. For more information, visit generalfusion.com or follow General Fusion on LinkedIn, YouTube, and X.