other material
confidence high
sentiment neutral
materiality 0.60
Silicon Valley Acquisition Corp. completes $200M IPO and $6.25M private placement
Silicon Valley Acquisition Corp.
- IPO of 20M units at $10.00/unit raises $200M gross; $200M deposited in trust account.
- Simultaneous private placement of 625K units to sponsor (425K) and Clear Street (200K) raises $6.25M.
- Trust holds $10.00 per public share; company has 24 months to complete business combination.
- As of Dec 24, 2025, company has $1.6M cash outside trust and shareholders' deficit of ($6.6M).