EigenQ and Silicon Valley Acquisition Corp. Announce Approximately $45M Committed Financing to Support EigenQ's Commercialization | SVAQ Stock News
StockTitan·- Quantum technology company EigenQ secured a $45 million convertible note financing and entered into a $3 billion SPAC business combination framework with Silicon Valley Acquisition Corp. - The transaction aims to accelerate EigenQ's commercialization of quantum-safe security portfolios, expand delivery capacity, and fund operations through cash flow breakeven. - The business combination is expected to close in the fourth quarter of 2026, taking EigenQ public on the Nasdaq Global Market under the ticker symbol "EIGQ".