Silicon Valley Acquisition Corp (SVAQ) News & EventsSVAQSilicon Valley Acquisition Corp

EigenQ and SVAQ Submit Merger Registration Statement

EigenQ and Silicon Valley Acquisition Corp. announced the confidential submission of a draft registration statement on Form S-4 for review by the U.S. SEC relating to EigenQ's and SVAQ's previously announced proposed business combination transaction to take EigenQ public. Submission of the Draft Registration Statement for SEC review reflects continued progress and forward momentum relative to the proposed Business Combination and represents another key milestone toward completing the transaction.

EigenQ and Silicon Valley Acquisition Corp. Announce Business Combination Agreement

EigenQ and Silicon Valley Acquisition Corp. announced that they have entered into a definitive Business Combination Agreement that is expected to result in EigenQ becoming a publicly traded company. Upon closing of the proposed transaction, the combined company will operate under the name "EigenQ Inc." and is expected to trade on Nasdaq under the ticker symbol "EIGQ." The proposed "Business Combination" is expected to support EigenQ's next phase of growth, including expansion of its quantum-proof trust infrastructure platform, hardware-rooted security technologies, AI security capabilities, strategic partnerships, global commercialization efforts, and continued investment in high-performance computing and sovereign AI futures. The transaction values EigenQ at a pro forma enterprise value of approximately $3B and is supported by approximately $215M held in SVAQ's trust account, prior to shareholder redemptions and transaction expenses. The transaction is expected to close in the fourth quarter of 2026, subject to customary approvals and closing conditions.