EigenQ and Silicon Valley Acquisition Corp. Announce Definitive Business Combination Agreement to Create a Publicly Traded Quantum Technology Company
PR Newswire
AUSTIN, Texas, June 17, 2026
Transaction expected to accelerate EigenQ's mission to develop and commercialize quantum technologies across security, artificial intelligence, communications, sensing, and computingTransaction HighlightsTransaction 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.
