Silicon Valley Acquisition Corp

SVAQ

Market cap $294M

These appointments accelerate EigenQ's execution as it scales its technology platform and commercial operations ahead of the proposed merger with Silicon Valley Acquisition Corp. (Nasdaq: SVAQ). AUSTIN, Texas, July 28, 2026 /PRNewswire/ -- EigenQ, Inc. ("EigenQ" or the "Company"), a quantum technology company developing hardware and software solutions spanning post-quantum cryptography, quantum random number generation, and hardware-rooted quantum-safe infrastructure, today announced the appointment of Mark Pecen as Vice Chairman and the promotion of Alexander Truskovsky to Chief Information Security Officer (CISO).

EigenQ will go public through a merger with blank-check company Silicon Valley ​Acquisition in a deal valuing the quantum tech firm at ‌about $3 billion, they said on Wednesday.

Transaction expected to accelerate EigenQ's mission to develop and commercialize quantum technologies across security, artificial intelligence, communications, sensing, and computing Transaction Highlights Transaction values EigenQ at a pro forma enterprise value of approximately $3 billion; Transaction supported by approximately $215 million held in SVAQ's trust account, prior to shareholder redemptions and transaction expenses; EigenQ is a Quantum Technology Company developing and commercializing foundational technologies across Quantum Security, Quantum AI, Quantum Communications, Quantum Sensing, and Quantum Computing; Driven by government mandate and market demand, EigenQ has developed readily deployable NIST-compliant solutions; Technology adopted and commercialized by strategic alliances and channel partners, including HPE, AMD, WNC, and TD SYNNEX to support platform retrofit and integration, deployment readiness, manufacturing scale, and channel enablement across enterprise and public-sector environments1; Capital from the transaction is expected to support commercialization, manufacturing scale-up, strategic partnerships, and global expansion of EigenQ's broader technology portfolio; Transaction expected to close in the fourth quarter of 2026, subject to customary approvals and closing conditions. AUSTIN, Texas, June 17, 2026 /PRNewswire/ -- EigenQ Inc. ("EigenQ" or the "Company"), a quantum technology company, and Silicon Valley Acquisition Corp. (NASDAQ: SVAQ) ("SVAQ"), a publicly traded blank check company, announced today that they have entered into a definitive Business Combination Agreement ("Business Combination Agreement") that is expected to result in EigenQ becoming a publicly traded company.

PALO ALTO, Calif. and MELBOURNE, Australia, June 01, 2026 (GLOBE NEWSWIRE) -- Melbourne Capital Group (“Melbourne Capital”), an independent cross-border corporate advisory and capital markets firm, today announced its appointment as strategic advisor to Silicon Valley Acquisition Corp. (Nasdaq: SVAQ, SVAQW) (“Silicon Valley”), a publicly traded special purpose acquisition company seeking a high-growth business combination.