Silicon Valley Acquisition signs deal for up to $5 million in EigenQ unsecured notes
SVAQ•Silicon Valley Acquisition and EigenQ signed an agreement for up to $5 million in subordinated unsecured promissory notes. The initial $2.41 million note reflects $2.17 million in previously funded proceeds and a 10% original issue discount.
1. Notes agreement
Silicon Valley Acquisition and EigenQ signed the agreement on Oct. 19, 2026. 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, and the notes will become PubCo subordinated unsecured convertible notes when the business combination closes.
