Silicon Valley Acquisition Corp. (SVAQ) Form 10-Q — May 15, 2026
Silicon Valley Acquisition Corp. reported net income of $1.67 million for the quarter ended March 31, 2026, driven primarily by $1.94 million in interest earned on its trust account investments. The company holds $217.1 million in its trust account and $1.4 million in operating cash, maintaining a working capital surplus of $1.2 million. The SPAC remains in the pre-business combination phase with no specific target identified.
Key figures
- Eps
- 0.06
- Net Income
- 1668980
- Total Assets
- 218676047
- Cash Position
- 1416533
- Trust Account Balance
- 217058155
- Working Capital Surplus
- 1212974
- Class AShares Outstanding
- 22155000
- Class BShares Outstanding
- 7165950
- Public Warrants Outstanding
- 10750000
- Interest Earned Trust Account
- 1938974
- General And Administrative Costs
- 374117
- Private Placement Warrants Outstanding
- 327500
Price after filing
1 day: 0.0%7 days: 0.0%30 days: +0.7%
Close on the filing date to close N calendar days later (from $9.95). Historical, not a forecast.
AI analysis
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