The B.C.-based fusion-power company raised nearly all the money through “simple agreements for future equity,” essentially money now in exchange for shares later, and the rest in warrants. U.S.-based investors accounted for nearly US$45.2 million of the raise, according to a filing with securities regulators. (The Logic)

Talking point: As first reported by The Globe and Mail, the nature of the investments indicates that General Fusion intends to issue more shares sometime soon, possibly through an initial public offering. It’s a marked turnaround for a company that warned last May that it might not have enough money to “finish the job” of inventing a commercially viable fusion-power reactor—a Holy Grail of clean electricity—after spending hundreds of millions of dollars and scaling back some of its ambitions. A US$22-million capital infusion in the summer, led by existing investors including Segra Capital and PenderFund, bought General Fusion some time.

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