EigenQ and Silicon Valley Acquisition Corp. Secure $45M Committed Convertible Financing Ahead of $3B SPAC Merger

EigenQ and Silicon Valley Acquisition Corp. have secured $45 million in convertible note financing, providing $22.5 million upfront and the remainder upon closing their $3 billion SPAC merger. This funding will accelerate EigenQ’s quantum-safe security commercialization, expand delivery, and support R&D, with the company expected to list on Nasdaq as EIGQ in Q4 2026. EigenQ plans to focus on government, defense, and critical infrastructure sectors, leveraging partnerships with companies like TD SYNNEX, AMD, WNC Corporation, HPE, and Intel.

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