EigenQ and Silicon Valley Acquisition Corp. announced that they have entered into a definitive business combination agreement that is expected to result in EigenQ becoming a publicly traded quantum technology company.
The transaction values EigenQ at a pro forma enterprise value of approximately $3 billion. Upon closing, the combined company is expected to operate under the name EigenQ and trade on Nasdaq under the ticker symbol EIGQ.
Silicon Valley Acquisition currently has approximately $215 million in its trust account, before shareholder redemptions and transaction expenses. The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including approvals from shareholders of Silicon Valley Acquisition and EigenQ and the effectiveness of a registration statement on Form S-4.
EigenQ is developing and commercializing quantum technologies across quantum security, quantum AI, quantum communications, quantum sensing, and quantum computing. The company’s initial commercialization focus is on quantum-resilient security and trusted infrastructure.
The proposed transaction is expected to support EigenQ’s next phase of growth, including expansion of its quantum-proof trust infrastructure platform, hardware-rooted security technologies, AI security capabilities, strategic partnerships, global commercialization efforts, and continued investment in high-performance computing and sovereign AI.
EigenQ said demand for quantum-proofing critical infrastructure is being driven by U.S. government security requirements related to emerging quantum threats, including CNSA 2.0 and NIST standards. The company believes these requirements are increasing demand for hardware-rooted, quantum-resilient trust infrastructure.
The company has developed deployable, NIST-compliant solutions and has formed strategic collaborations with technology partners, including HPE, AMD, WNC, and TD SYNNEX. These relationships are intended to support platform retrofit and integration, deployment readiness, manufacturing scale, and channel enablement across enterprise and public-sector environments.
EigenQ’s quantum security and cyber resilience work focuses on post-quantum cryptography, trusted identity, hardware-rooted security, critical infrastructure protection, and trusted execution environments.
Its quantum AI efforts focus on trusted artificial intelligence, intelligent optimization, advanced decision systems, AI security, and sovereign AI infrastructure. The company is also developing technologies for quantum communications and networking, quantum sensing and intelligence, and quantum computing.
EigenQ said its initial commercialization efforts are focused on government, defense, and critical infrastructure markets where regulatory requirements and security mandates are creating near-term demand. The company expects to later expand across enterprise infrastructure, AI platforms, financial services, telecommunications, healthcare, industrial systems, and international markets.
The boards of directors of both companies have unanimously approved the business combination agreement. Existing EigenQ shareholders intend to roll all of their equity substantially 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 serving as legal counsel to EigenQ. Greenberg Traurig is serving as legal counsel to Silicon Valley Acquisition. Cohen & Company Securities, Clear Street, and Secure Strategy Group/Bradley Woods & Co. are acting as financial advisors in connection with the transaction.
KEY QUOTES:
“The world is entering the early stages of a profound technological transition driven by the convergence of quantum technologies, artificial intelligence, advanced communications, and trusted digital infrastructure. For more than a decade, our team has focused on developing the foundational technologies required to support this transition. We believe EigenQ is uniquely positioned at the intersection of these dynamics.”
Dr. Jesse Van Griensven Thé, Chairman of EigenQ
“At EigenQ, our focus has always been on translating breakthrough technologies into practical, deployable solutions that address real-world challenges, while building a portfolio of technologies spanning Quantum Security, Quantum AI, Communications, Sensing, and Computing. We believe going public will provide the resources, visibility, and strategic flexibility necessary to accelerate commercialization, expand our technology portfolio, strengthen our global partnerships, and create long-term value for customers, partners, and shareholders.”
Dr. José R. Rosas-Bustos, Chief Executive Officer of EigenQ
“We were deeply impressed by the leadership team. Dr. Jesse Van Griensven is one of the leading voices in quantum cybersecurity globally, and together with Dr. José R. Rosas-Bustos and the broader EigenQ team, has built what we believe is a category-defining company. When we combine a mandatory market transition, differentiated technology, scalable distribution, a capital-efficient operating model, and compelling unit economics together with the company’s rapid commercialization and potential long-term upside, we believe EigenQ represents one of the most compelling opportunities we have evaluated in years.”
Dan Nash, Chief Executive Officer of Silicon Valley Acquisition Corp.
“We believe EigenQ is building a category-defining quantum platform. A leader in quantum security today, it is well positioned to extend into Quantum AI, Quantum Internet, and ultimately Quantum Computing in the coming years, with the potential to create meaningful near-term optionality and even greater long-term upside.”
Martin Zinny, Chief Financial Officer of Silicon Valley Acquisition Corp.
