On June 17, 2026, Silicon Valley Acquisition Corp. (SVAQ) entered into a Business Combination Agreement with EigenQ, Inc. Under the terms, SVAQ will domesticate as a Delaware corporation before a merger where a subsidiary of SVAQ will merge into EigenQ, leaving EigenQ as a wholly-owned subsidiary of SVAQ. The exchange ratio is based on a valuation of $2.93 billion divided by $10.00 per share and the number of fully-diluted shares. The transaction is subject to shareholder approval and SEC effectiveness of a registration statement, with an outside closing date of February 14, 2027. SVAQ shareholders will have redemption rights for their Class A ordinary shares. SVAQ is a special purpose acquisition company (SPAC) designed to effect a business combination.

Silicon Valley Acquisition Corp. entered into a definitive business combination agreement with EigenQ Inc. to combine and make EigenQ a public company. The transaction is subject to shareholder approval and requires the filing of a Form S-4 registration statement. Silicon Valley Acquisition Corp. is a special purpose acquisition company operating in the financial services sector.