EigenQ and Silicon Valley Acquisition Corp. Announce Definitive Business Combination Agreement to Create a Publicly Traded Quantum Technology Company
Silicon Valley Acquisition Corp. (SVAQ) entered into a definitive agreement to merge with EigenQ, a quantum technology company, valuing the target at a pro forma enterprise value of approximately $3 billion. The transaction is supported by roughly $215 million held in SVAQ's trust account and is expected to close in the fourth quarter of 2026, with the combined company set to trade under the ticker symbol EIGQ.
Key figures
- Deal Value Usd
- $3 billion
- New ticker
- EIGQ
- Trust account proceeds
- $215 million
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