BUZZ-SPAC Silicon Valley gains after announcing merger with EigenQ

Silicon Valley Acquisition Corp. Class A

Silicon Valley Acquisition Corp. Class A

SVAQ

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** Shares of special purpose acquisition company Silicon Valley Acquisition SVAQ.O up 1.09% at $10.21 in premarket trading

** SVAQ to merge with EigenQ in a deal valuing the quantum technology firm at $3 bln

** Transaction supported by about $215 million held in SVAQ's trust account

** EigenQ shareholders to retain significant ownership stake in combined co

** Combined co to operate as EigenQ and trade on Nasdaq as 'EIGQ'


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