SPAC Silicon Valley gains after announcing merger with EigenQ
17/06/2026 12:44
BUZZ-SPAC Silicon Valley gains after announcing merger with EigenQ ** Shares of special purpose acquisition company Silicon Valley Acquisition SVAQ.O up 1.09% at $10.21 in premarket trading
** SVAQ to merge with EigenQ in a deal valuing the quantum technology firm at $3 bln
** Transaction supported by about $215 million held in SVAQ's trust account
** EigenQ shareholders to retain significant ownership stake in combined co
** Combined co to operate as EigenQ and trade on Nasdaq as 'EIGQ'
(Reporting by Rishab Shaju in Bengaluru)
((Rishab.shaju@thomsonreuters.com ; +91 9048142177))