General Fusion Group restates March-quarter net loss after correcting subscription liability valuation error

• General Fusion Group filed restated quarterly results for the period ended March 31, 2026, correcting valuation inputs for its subscription agreement liability.
• Subscription agreement liability previously reported at $425.18 million was cut by $411.33 million to $13.85 million.
• Net loss was reduced by $411.33 million to $11.99 million from $423.32 million.
• Restatement did not change cash, cash flows, or Trust Account balances for the quarter.
• Management flagged a material weakness in controls over valuation review for complex financial instruments; disclosure controls were not effective at March 31, 2026.

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