The Globe and Mail reports in its Friday edition that B.C. fusion energy developer General Fusion Inc. has struck a deal to go public by merging with a Nasdaq-listed special purpose acquisition company, or SPAC. The Globe's Sean Silcoff writes that under the terms of the proposed deal, the Richmond, B.C., company would combine with publicly traded Spring Valley Acquisition Corp III. (SPACs are publicly traded shell companies that look to combine with operating companies.) Private investors have committed $105-million as part of a private investment that would accompany the SPAC combination, while Spring Valley has $230-million of capital in trust (all figures U.S.). The deal values General Fusion at $600-million before the transaction. If successful it would be the second public listing this year by way of a SPAC transaction involving a leading Canadian-based developer of complex, breakthrough technologies. Toronto-based Xanadu quantum computer developer Quantum Technologies Inc. is also proceeding with a SPAC combination on Nasdaq and Toronto Stock Exchange. That would make Xanadu the first tech company to make its debut on the TSX since 2021. General Fusion is also evaluating whether to cross-list in Canada.