SILICON VALLEY ACQUISITION SPONSOR LLC Form SCHEDULE 13D/A — Sep 21, 2026
Silicon Valley Acquisition Sponsor LLC and its manager Dan Nash filed Amendment No. 2 to their Schedule 13D on Silicon Valley Acquisition Corp., reporting beneficial ownership of 7,090,950 ordinary shares, or 24.2% of the 29,320,950 shares outstanding as of August 14, 2026. The reduced stake reflects the September 17, 2026 transfer of 500,000 Class B founder shares to an institutional investor at the Initial Closing. The transfer was made under a Founder Shares Transfer Agreement tied to the same-day Securities Purchase Agreement and note financing among the issuer, EigenQ, Inc., and the investor.
Key figures
- Shares Outstanding
- 29320950
- Percent Owned
- 24.2%
- Class AShares Held
- 425000
- Class BShares Held
- 6665950
- Private Placement Cost
- $4,250,000
- Private Placement Units
- 425000
- Shares To Transfer Total
- 1000000
- Founder Shares Forfeited
- 499950
- Class AShares Outstanding
- 22155000
- Class BShares Outstanding
- 7165950
- Shares Beneficially Owned
- 7090950
- Founder Share Purchase Price
- $25,000 (~$0.003 per share)
- Ownership Share Count Basis Date
- August 14, 2026
- Shares Transferred Initial Closing
- 500000
- Founder Shares Originally Purchased
- 7665900
- Shares Transferable Additional Closing
- 500000
AI analysis
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