Silicon Valley Acquisition Corp.(NASDAQ) SVAQ

Silicon Valley Acquisition Corp. helps private companies become public. It raises money from investors to buy a business. This process lets the target company trade on an exchange.

How a SPAC Works

• Blank Check Services: Operating as a special purpose acquisition company to execute a strategic business combination; no operating revenue generated to date.
• Capital Deployment: Utilizing cash from an initial public offering to merge with or acquire another enterprise.

The Path to EigenQ

• Entered into a Business Combination Agreement with EigenQ, Inc. on June 17, 2026.
• Formed SVAQ Merger Sub Inc. on June 15, 2026, to facilitate the planned merger.
• Amended the merger agreement on Aug. 6, 2026, to expand the future board from seven members to nine members.
• Completed an initial public offering of 20,000,000 units on Dec. 24, 2025.

Resources and Strategy

The company operates with a lean team of three employees in Palo Alto. It maintains a trust account of $218,979,433 to fund its upcoming business combination.

A Look at the Books

• Net income reached $1,141,643 for the three-month period ended June 30, 2026.
• Interest earned on investments in the trust account totaled $3,860,252 for the six months ended June 30, 2026.
• Cash and cash equivalents held outside the trust account were $1,180,511 as of June 30, 2026.
• Market capitalization stood at $222.2 million as of Q2 2026.

Bottom Line

Silicon Valley Acquisition Corp. transitioned from its initial public offering to securing a merger agreement with EigenQ. It continues to manage its trust assets while preparing to finalize the business combination.