SPAC company Silicon Valley Acquisition II (SVATU.US) applies for US stock IPO, aiming to raise up to 220 millions USD.

According to reports from Zhihui Finance APP, the blank check company (SPAC) Silicon Valley Acquisition II filed documents with the U.S. Securities and Exchange Commission (SEC) on Monday, planning to raise up to $220 million through an initial public offering (IPO). The company focuses on industries undergoing structural transformations.

According to the offering terms, the company plans to issue 22 million units at a price of $10 per unit, raising $220 million. Each unit consists of one common share and one-half of a warrant; each whole warrant allows the purchase of one common share at $11.50.

Regarding management, Silicon Valley Acquisition II is led by Chairman and CEO Dan Nash. He previously served as the head of investment banking at Cohen & Company Capital Markets, overseeing the firm's SPAC business, and is also the CEO of Silicon Valley Acquisition (SVAQ.US). The Chief Financial Officer is Martin Zinny, who also serves as CFO of Silicon Valley Acquisition and Freedom Metals Acquisition (FDMMU).

This blank check company intends to target enterprises in sectors such as fintech, crypto and digital assets, AI infrastructure, energy transition, mobility, technology, consumer, healthcare, and mining. Another SPAC under the management team, Silicon Valley Acquisition, raised $200 million in December 2025 and announced in June this year that it is set to merge with quantum computing component manufacturer EigenQ.

Silicon Valley Acquisition II is headquartered in Palo Alto, California, and was established in 2026. The company plans to list on Nasdaq under the ticker symbol “SVATU”. Cohen & Company Securities serves as the sole bookrunner for this transaction.