EigenQ Secures $45M Convertible Note Financing To Advance Commercialization Ahead Of SVAQ Merger

EigenQ, Inc. has secured $45 million in convertible note financing to support its commercialization efforts ahead of its merger with Silicon Valley Acquisition Corp. (SVAQ). The financing includes an upfront funding of $22.5 million, with the remainder expected to be funded upon completion of the merger, which values the combined entity at an estimated $3 billion. The merger is anticipated to close in the fourth quarter of 2026, subject to shareholder and regulatory approvals, and aims to enhance EigenQ's capital access while allowing existing shareholders to maintain significant ownership.