other material
confidence high
sentiment neutral
materiality 0.50
Silicon Valley Acquisition Corp. closes over-allotment of 1.5M units for $15M, total IPO size $215M
Silicon Valley Acquisition Corp.
- Underwriters partially exercised over-allotment; 1,500,000 units sold at $10/unit on Jan 7, 2026.
- Gross proceeds from over-allotment $15M; total IPO now 21.5M units generating $215M.
- Additionally, 30,000 private placement units issued to Clear Street at $10/unit for $300,000.
- $15M from over-allotment placed in trust account for public shareholders.
- SPAC targets fintech, crypto/digital assets, AI infrastructure, energy transition, healthcare, and other sectors.