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Stock impact report

Silicon Valley Acquisition Corp. Announces Closing of Over-Allotment Option in Connection with Its Initial Public Offering

Silicon Valley Acquisition Corp. - Units (SVAQU) 
Company Research Source: GlobeNewswire
PALO ALTO, Calif., Jan. 08, 2026 (GLOBE NEWSWIRE) -- Silicon Valley Acquisition Corp. (the “Company”) (Nasdaq: SVAQU) today announced that, on January 7, 2026, it consummated the sale of 1,500,000 units subject to the over-allotment option granted to the underwriters in connection with its previously announced initial public offering. The additional units were sold at $10.00 per unit, generating additional gross proceeds to the Company of $15,000,000. After giving effect to the exercise of the option, an aggregate of 21,500,000 units have been issued in the initial public offering at an aggregate offering price of $215,000,000. Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable public warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expect Show less Read more
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