Silicon Valley Acquisition has entered into a definitive business combination agreement to take quantum technology company EigenQ public in a SPAC merger valuing the company at approximately $3 billion. Upon closing, the combined company is expected to operate as EigenQ Inc. and list on Nasdaq under the ticker symbol EIGQ. The transaction is expected to close in the fourth quarter of 2026, subject to shareholder approval, regulatory approvals, and other customary closing conditions.
EigenQ develops quantum security, quantum AI, communications, sensing, and computing technologies for government, defense, critical infrastructure, and enterprise markets. The company’s initial commercialization efforts focus on quantum-resilient security and hardware-rooted trust infrastructure as federal security standards, including CNSA 2.0 and NIST requirements, drive demand for post-quantum protections.
EigenQ has established strategic collaborations with HPE, AMD, WNC, and TD SYNNEX to support integration, manufacturing scale, distribution, and deployment across public and private sector environments. CEO José R. Rosas-Bustos stated that going public would provide the "resources, visibility, and strategic flexibility necessary to accelerate commercialization" across the company’s broader technology portfolio.
Existing EigenQ shareholders intend to roll over substantially all of their equity and retain a significant ownership stake in the combined company. No material EigenQ shareholders are expected to sell shares or receive cash consideration as part of the transaction. Ellenoff Grossman & Schole is representing EigenQ as legal counsel, while Greenberg Traurig is representing Silicon Valley Acquisition. Cohen & Company Securities, Clear Street, and Secure Strategy Group/Bradley Woods are acting as financial advisors.
