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Pender Growth Fund Inc. ( (TSE:PTF) ) has shared an announcement.
Pender Growth Fund Inc. announced that its portfolio company General Fusion Inc. has entered into a definitive business combination agreement with Spring Valley Acquisition Corp. III, a transaction expected to lead to General Fusion listing on Nasdaq under the ticker GFUZ and implying a pro-forma equity value of about US$1 billion. If completed on the current terms, the deal is anticipated to boost Pender Growth Fund’s net asset value by approximately CAD$27.3 million, or about CAD$3.93 per share, underscoring the fund’s strategic bet on nuclear fusion as a future pillar of clean, scalable energy infrastructure amid rising global power demand and the growth of AI and digital infrastructure.
More about Pender Growth Fund Inc.
Pender Growth Fund Inc. is a Vancouver-based investment company focused on achieving long-term capital appreciation by investing its relatively small capital base in small-cap, special situations, and illiquid public and private companies. Listed on the TSX Venture Exchange under the symbol PTF, it targets unique opportunities across sectors, including emerging technologies and energy transition themes, and publishes its reporting net asset value on a monthly basis.
YTD Price Performance: -0.06%
Average Trading Volume: 4,939
See more insights into PTF stock on TipRanks’ Stock Analysis page.