Silicon Valley Acquisition agrees to merge with quantum tech firm EigenQ in deal valuing it at $3 billion

Silicon Valley Acquisition Corp. Class A

Silicon Valley Acquisition Corp. Class A

SVAQ

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  • EigenQ reached a business combination agreement with Silicon Valley Acquisition Corp. to take the quantum technology company public.
  • The deal values EigenQ at a pro forma enterprise value of about USD 3 billion.
  • SVAQ has about USD 215 million in its trust account before redemptions and transaction expenses.
  • The combined company will be named EigenQ, expected to trade on Nasdaq under the ticker EIGQ.
  • Closing is targeted for the fourth quarter of 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Silicon Valley Acquisition Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA85880) on June 17, 2026, and is solely responsible for the information contained therein.

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