Silicon Valley Acquisition net income rises to $1.14 million in Q2 FY26 - SVAQ News | RalliesSilicon Valley Acquisition net income rises to $1.14 million in Q2 FY26
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SVAQ• Six-month results improve
- Six-month net income rose to $2.81 million, driven by $3.86 million of Trust Account interest.
- Unrealized gains from fair value changes of the overallotment liability were $95,150 over the six-month period.
Business combination agreement with EigenQ
- Separately, SVAQ signed a business combination agreement with EigenQ, valuing the transaction at $2.93 billion.
Quarterly net income rises on Trust Account interest
- Silicon Valley Acquisition posted net income of $1.14 million for the quarter ended June 30, 2026.
- Interest earned on investments held in the Trust Account totaled $1.92 million, offset by general and administrative costs of $779,635.
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