EigenQ And Silicon Valley Acquisition Corp. Announce Definitive Business Combination Agreement to Create a Publicly Traded Quantum Technology Company

Insider Brief

EigenQ announced a definitive business combination agreement with Silicon Valley Acquisition Corp. that would take the quantum technology company public on Nasdaq under the ticker symbol EIGQ, valuing the combined company at an estimated $3 billion enterprise value.

The company plans to use the transaction to expand its quantum-resilient security, trusted infrastructure, AI security, communications, sensing, and computing initiatives, with an initial focus on government, defense, and critical infrastructure markets.

The proposed transaction, expected to close in the fourth quarter of 2026 pending shareholder and regulatory approvals, would provide EigenQ with additional access to capital while existing shareholders are expected to retain significant ownership stakes.

PRESS RELEASE — 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.