Silicon Valley Acquisition Signs Deal for Up to $5 Million in EigenQ Unsecured Notes

Bitget2026/10/21 10:08

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Silicon Valley Acquisition and EigenQ signed an agreement Oct. 19, 2026, for up to $5 million in subordinated unsecured promissory notes.
EigenQ issued an initial $2.41 million note against previously funded proceeds of $2.17 million, reflecting a 10% original issue discount.
Total proceeds may reach $4.5 million; the notes will become PubCo subordinated unsecured convertible notes upon the business combination closing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Silicon Valley Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-111153), on October 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Silicon Valley Acquisition Signs Deal for Up to $5 Million in EigenQ Unsecured Notes

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