Insider Brief
- EigenQ announced a definitive business combination agreement with Silicon Valley Acquisition Corp. that would take the quantum technology company public on Nasdaq under the ticker symbol EIGQ, valuing the combined company at an estimated $3 billion enterprise value.
- The company plans to use the transaction to expand its quantum-resilient security, trusted infrastructure, AI security, communications, sensing, and computing initiatives, with an initial focus on government, defense, and critical infrastructure markets.
- The proposed transaction, expected to close in the fourth quarter of 2026 pending shareholder and regulatory approvals, would provide EigenQ with additional access to capital while existing shareholders are expected to retain significant ownership stakes.
PRESS RELEASE — EigenQ Inc. (“EigenQ” or the “Company”), a quantum technology company, and Silicon Valley Acquisition Corp. (NASDAQ: SVAQ) (“SVAQ”), a publicly traded blank check company, announced today that they have entered into a definitive Business Combination Agreement (“Business Combination Agreement”) that is expected to result in EigenQ becoming a publicly traded company.
Upon closing of the proposed transaction (the “Business Combination”), the combined company will operate under the name “EigenQ Inc.” and is expected to trade on Nasdaq under the ticker symbol “EIGQ.”
The proposed “Business Combination” 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 futures.
Building the Quantum Era Infrastructure
EigenQ develops quantum technologies designed to address critical challenges spanning cybersecurity, digital trust, AI infrastructure, communications, sensing, and advanced computing. Through a growing portfolio of intellectual property, strategic partnerships, and commercial products, EigenQ is building technologies intended to support multiple segments of the emerging quantum economy.
While the Company’s initial commercialization efforts are focused on quantum-resilient security and trusted infrastructure, EigenQ’s broader vision extends across a range of quantum-enabled technologies expected to shape future government, enterprise, industrial, and national-security systems.
The Significant Market Opportunity
The most significant market demand in quantum technology is for quantum-proofing critical infrastructure. We believe this demand is being accelerated by U.S. government security requirements related to emerging quantum threats, including CNSA 2.0 and NIST standards. We believe these requirements are driving demand for hardware-rooted, quantum-resilient trust infrastructure.
Critical infrastructure operators, defense organizations, and enterprise technology providers are also modernizing legacy environments to support increasingly connected, autonomous, and data-intensive operations. These parallel transformations are driving demand for technologies capable of delivering trust, security, intelligence, and performance at scale.
EigenQ believes that this market demand represents one of the most significant infrastructure modernization cycles in decades, creating opportunities across multiple technology markets rather than within a single product category.
EigenQ Core Quantum Technologies
EigenQ develops the following quantum technologies.
Quantum Security & Cyber Resilience
Focusing on post-quantum cryptography, trusted identity, hardware-rooted security, critical infrastructure protection, and trusted execution environments.
Quantum AI
Enhancing current AI to support trusted artificial intelligence, intelligent optimization, advanced decision systems, AI security, and sovereign AI infrastructure.
Quantum Communications & Networking
Securing and accelerating communications, quantum networking architectures, trusted communications infrastructure, and foundational technologies supporting future quantum internet capabilities.
Quantum Sensing & Intelligence
Advancing sensing technologies designed for defense, industrial, environmental, and strategic applications.
Quantum Computing
Innovating architectures to unlock next-generation computational capabilities.
Commercial Momentum and Anticipated Execution
EigenQ has focused on innovation and commercialization, translating years of research and development into deployable, market-ready solutions that are aligned with current regulatory requirements, customer needs, and procurement frameworks. EigenQ has established strategic collaborations with leading global technology partners including HPE, AMD, WNC, and TD SYNNEX. Importantly, the Company has established pathways for technology integration, manufacturing scale, distribution, and deployment across both public and private sector environments. These technologies are designed to reduce barriers to implementation.
Initial commercialization efforts are focused on government, defense, and critical infrastructure markets, where regulatory requirements and security mandates are creating immediate demand. Subsequently, the Company expects to expand across enterprise infrastructure, artificial intelligence platforms, financial services, telecommunications, healthcare, industrial systems, and international markets.
Management Commentary
Dr. Jesse Van Griensven Thé, Chairman of EigenQ
“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. José R. Rosas-Bustos, Chief Executive Officer 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.”
Dan Nash, Chief Executive Officer of Silicon Valley Acquisition Corp.
“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.“
Martin Zinny, Chief Financial 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.”
Transaction Overview
The Business Combination Agreement has been unanimously approved by the Board of Directors of SVAQ and the Board of Directors of EigenQ.
The transaction values EigenQ at a pro forma enterprise value of approximately $3 billion. The proposed Business Combination is expected to position EigenQ as a publicly traded company with enhanced access to capital markets and additional resources to support its next phase of growth, including expansion of its post-quantum trust infrastructure platform, hardware-rooted security technologies, AI security capabilities, strategic partnerships, global commercialization efforts, and continued investment in research and development.
Existing EigenQ shareholders intend to roll substantially all of their equity and retain a significant ownership stake in the combined company, subject to the terms of the Business Combination Agreement. No material EigenQ shareholders are expected to sell shares or receive cash consideration as part of the transaction.
Additional information about the proposed transaction, including a copy of the Business Combination Agreement and related investor materials, will be provided in SVAQ’s Current Report on Form 8-K to be filed with the Securities and Exchange Commission (“SEC”) and available at www.sec.gov. A registration statement on Form S-4 (the “Form S-4”), which will include a proxy statement / prospectus relating to the proposed Business Combination, is expected to be filed with the SEC.
The proposed Business Combination is expected to close in the fourth quarter of 2026, subject to customary closing conditions, including shareholder approval from SVAQ and EigenQ and the Form S-4 being declared effective by the SEC.
Advisors
Ellenoff Grossman & Schole LLP is representing EigenQ as legal counsel. Greenberg Traurig, LLP is representing SVAQ as legal counsel. Cohen & Company Securities, LLC, Clear Street LLC, and Secure Strategy Group, LLC/Bradley Woods & Co. Ltd are acting as financial advisors in connection with the transaction. Reed Smith LLP is representing Cohen & Company Securities, LLC as legal counsel. The Blueshirt Group is providing investor relations advisory services to EigenQ and AUM Media is providing investor relations advisory services to SVAQ.
