Silicon Valley Acquisition Corp. Amends Business Combination Agreement with EigenQ

What Happened

• Silicon Valley Acquisition Corp. (SVAQ) filed an 8‑K on Sept. 28, 2026 reporting a third amendment (dated Sept. 26, 2026) to its Business Combination Agreement with EigenQ, Inc. The original Business Combination Agreement was entered June 17, 2026 and previously amended on Aug. 6 and Sept. 17, 2026.
• The amendment excludes certain warrants issued and to be issued by EigenQ from certain definitions and calculations in the agreement and clarifies that each such EigenQ warrant will be exchanged for one PubCo warrant upon closing of the Business Combination.
• The transaction contemplates SVAQ domesticating (continuing) from the Cayman Islands to Delaware prior to closing and a merger in which SVAQ Merger Sub will merge into EigenQ, with EigenQ surviving as a wholly owned subsidiary of SVAQ (PubCo) after closing.

Key Details

• Third amendment executed: September 26, 2026; 8‑K filed September 28, 2026.
• Core change: certain EigenQ warrants excluded from some agreement definitions/calculations and confirmed to convert 1-for-1 into PubCo warrants at closing.
• Corporate steps: Domestication from Cayman to Delaware and Merger of Merger Sub into EigenQ (EigenQ survives as subsidiary of PubCo).
• Next steps: A Registration Statement (including proxy statement/prospectus) is expected to be filed with the SEC and SVAQ shareholders will vote on the proposed Business Combination; definitive materials will be mailed after the Registration Statement is declared effective.

Why It Matters

• The amendment changes how specific EigenQ warrants are treated in the deal and confirms their exchange ratio at closing, which directly affects the securities that will exist after the business combination and the position of warrant holders.
• The Business Combination still requires SEC filings and shareholder approval; investors should review the forthcoming proxy statement/prospectus (when filed) for details on dilution, capitalization, and risks.
• The filing includes standard forward‑looking statements and risk disclosures; this 8‑K is informational and not an offer or solicitation.