SVAQ to Merge with EigenQ Inc. via Business Combination Agreement

Silicon Valley Acquisition Corp. (SVAQ) has entered into a Business Combination Agreement with EigenQ, Inc., under which EigenQ will become a wholly-owned subsidiary of SVAQ. Prior to the closing, SVAQ will reincorporate from the Cayman Islands to Delaware. Key support agreements include the Sponsor agreeing to vote in favor, waive redemption and anti-dilution rights, and potentially forfeit Founder Shares, while EigenQ stockholders also committed to vote for the merger and waive appraisal rights.