Quarterly ResultMay 15, 2026, 04:29 PM
Silicon Valley Acquisition Q1 Net Income $1.67M; Trust Account $217.06M
AI Summary
Silicon Valley Acquisition Corp. reported a net income of $1.67 million for the three months ended March 31, 2026, with basic and diluted net income per share of $0.06. The company's total assets grew to $218.68 million, primarily due to an increase in investments held in the Trust Account to $217.06 million. During the quarter, the underwriters partially exercised their over-allotment option, generating an additional $15 million, and 499,950 Class B ordinary shares were forfeited.
Key Highlights
- Net income for the three months ended March 31, 2026, was $1,668,980.
- Basic and diluted net income per share for Q1 2026 was $0.06.
- Investments held in Trust Account increased to $217,058,155.
- Total assets reached $218,676,047 as of March 31, 2026.
- Underwriters' partial over-allotment option generated $15,000,000.
- 499,950 Class B ordinary shares were forfeited due to option expiration.
- Total shareholders' deficit increased to $(7,332,753).
Price Impact
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