Filed by EigenQ Inc.
Pursuant
to Rule 425
under
the Securities Act of 1933, as amended
and
deemed filed pursuant to Rule 14a-12
under
the Securities Exchange Act of 1934, as amended
Subject
Company: Silicon Valley Acquisition Corp.
(Commission
File No. 001-43030)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August
19, 2026
Silicon Valley Acquisition Corp.
(Exact name of registrant as specified in its
charter)
| Cayman
Islands |
|
001-43030 |
|
N/A |
(State or other jurisdiction of
incorporation or organization) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification Number) |
228 Hamilton Avenue, 3rd Floor
Palo Alto, California |
|
94301 |
| (Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (650) 206-8315
Not Applicable
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
| ☒ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange
on which registered |
| Units, each consisting of one Class A ordinary
share and one-half of one redeemable warrant |
|
SVAQU |
|
The Nasdaq Stock Market LLC |
| Class A ordinary shares, par value $0.0001 per
share |
|
SVAQ |
|
The Nasdaq Stock Market LLC |
| Warrants, each whole warrant exercisable for
one Class A ordinary share at an exercise price of $11.50 |
|
SVAQW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other
Events
On August 19, 2026, Silicon Valley Acquisition
Corp. (“SVAQ”) and EigenQ, Inc. (“EigenQ”), a quantum technology company, announced that a draft registration
statement on Form S-4, relating to the business combination (the “Business Combination”) between SVAQ and EigenQ previously
announced on June 17, 2026, has been confidentially submitted with the Securities and Exchange Commission.
A copy of the press release announcing the confidential submission
of the draft registration statement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Additional Information
and Where to Find It
The proposed Business
Combination by and between EigenQ and SVAQ will be submitted to the shareholders of SVAQ for their consideration. A Registration Statement
is expected to be filed with the SEC, which will include preliminary and definitive proxy statements to be distributed to SVAQ’s
shareholders in connection with SVAQ’s solicitation for proxies for the vote by SVAQ’s shareholders in connection with the
proposed Business Combination and other matters as described in the Registration Statement, as well as a prospectus relating to the securities
to be issued in connection with the completion of the proposed Business Combination. After the Registration Statement has been filed
and declared effective by the SEC, SVAQ will mail a definitive proxy statement and other relevant documents to its shareholders as of
the record date established for voting on the proposed Business Combination.
SVAQ’s shareholders
and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto
and, once available, the definitive proxy statement/prospectus in connection with SVAQ’s solicitation of proxies for its extraordinary
general meeting of shareholders to be held to approve, among other things, the proposed Business Combination, because these documents
will contain important information about SVAQ, EigenQ and the proposed Business Combination. This Current Report does not contain all
the information that should be considered concerning the Business Combination and other matters and is not intended to provide the basis
for any investment decision or any other decision in respect of such matters. SVAQ and EigenQ may also file other documents with the
SEC regarding the Business Combination. Shareholders may also obtain a copy of the preliminary or definitive proxy statement/prospectus,
once available, as well as other documents filed with the SEC regarding the proposed Business Combination and other documents filed with
the SEC by SVAQ, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Silicon Valley Acquisition
Corp., 228 Hamilton Avenue, 3rd Floor, Palo Alto, CA 94301.
Participants in
the Solicitation
SVAQ, EigenQ and certain
of their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be
participants in the solicitations of proxies from SVAQ’s shareholders in connection with the proposed Business Combination. Information
regarding the persons who may, under SEC rules, be deemed participants in the solicitation of SVAQ’s shareholders in connection
with the proposed Business Combination will be set forth in SVAQ’s proxy statement/prospectus when it is filed with the SEC. You
can find more information about SVAQ’s directors and executive officers in SVAQ’s 2025 Annual Report on Form 10-K filed with
the SEC on March 31, 2026. Additional information regarding the participants in the proxy solicitation and a description of their direct
and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors
and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting
or investment decisions. You may obtain free copies of these documents from the sources indicated above.
No Offer or Solicitation
This Current Report
does not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the proposed
Business Combination. This Current Report also does not constitute an offer to sell or the solicitation of an offer to buy any securities
or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This Current Report
is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the securities described
herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the
requirements of the Securities Act of 1933, as amended (the “Securities Act”), or an exemption therefrom. Investors should
consult with their counsel as to the applicable requirements for a purchaser to avail itself of any exemption under the Securities Act.
Forward-Looking
Statements
This Current Report
and exhibits attached herein contain certain forward-looking statements within the meaning of the U.S. federal securities laws with respect
to the proposed Business Combination and the parties thereto. All statements contained in this Current Report other than statements of
historical fact, including, without limitation, statements regarding the proposed Business Combination between SVAQ and EigenQ; the anticipated
benefits and timing of the proposed Business Combination; expected trading of the combined company’s securities on Nasdaq; the
combined company’s future financial performance; the ability of the combined company to execute its business strategy, its market
opportunity and positioning; and other statements regarding management’s intentions, beliefs, or expectations with respect to the
combined company’s future performance, are forward-looking statements. Forward-looking statements may be identified by the use
of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,”
“expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions
that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various
assumptions, whether or not identified in this Current Report, and on the current expectations of EigenQ’s and SVAQ’s management
and are not predictions of actual performance.
These forward-looking
statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as
a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult
or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of EigenQ and
SVAQ. These forward-looking statements are subject to a number of risks and uncertainties, including (1) the occurrence of any event,
change or other circumstances that could give rise to the termination of the proposed Business Combination; (2) the outcome of any legal
proceedings that may be instituted against EigenQ or SVAQ, the combined company or others following the announcement of the proposed
Business Combination; (3) the inability to complete the proposed Business Combination due to the failure to obtain approval of the shareholders
of EigenQ or SVAQ or to satisfy other conditions to closing; (4) changes to the proposed structure of the proposed Business Combination
that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval
of the proposed Business Combination; (5) the ability to meet stock exchange listing standards following the consummation of the proposed
Business Combination; (6) the risk that the proposed Business Combination disrupts current plans and operations of EigenQ as a result
of the announcement and consummation of the proposed Business Combination; (7) EigenQ’s ability to scale and grow its business,
and the ability to recognize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things,
competition and the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and retain
its management and key employees; (8) the ability to implement business plans, forecasts, identify and realize additional opportunities,
and other expectations; (9) political, social or economic instability in the emerging markets, including the Middle East, and other countries
in which EigenQ, the post-combination company, relevant OEMs and other channel participants and customers of some or all of the foregoing
operate or plan to operate; (10) risks relating to product development and commercialization timing, OEM integration, customer adoption
and strategic partnerships; (11) EigenQ’s ability to maintain and recognize benefits from its existing strategic relationships;
(12) costs related to the proposed Business Combination; (13) changes in applicable laws or regulations; (14) changes in government mandates,
requirements and standards as they relate to quantum security and infrastructure; (15) EigenQ’s estimates of expenses and profitability
and underlying assumptions with respect to shareholder redemptions and purchase price and other adjustments; (16) any downturn or volatility
in economic conditions; (17) changes in the competitive environment affecting EigenQ or its customers, including EigenQ’s inability
to introduce new products or technologies; (18) the impact of pricing pressure and erosion; (19) supply chain risks; (20) risks to EigenQ’s
ability to protect its intellectual property and avoid infringement by others, or claims of infringement against EigenQ; (21) the possibility
that EigenQ or SVAQ may be adversely affected by other economic, business and/or competitive factors; (22) EigenQ’s estimates of
its financial performance; (23) risks related to the fact that SVAQ is incorporated in the Cayman Islands and governed by Cayman Islands
law; and those factors discussed in SVAQ’s Annual Report on Form 10-K for the period ended December 31, 2025, and Quarterly Report
on Form 10-Q for the quarter ended March 31, 2026, in each case, under the heading “Risk Factors,” and subsequent Quarterly
Reports on Form 10-Q, the Registration Statement and proxy statement/prospectus, or other documents that will be filed with the SEC.
If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied
by these forward-looking statements. There may be additional risks that neither EigenQ nor SVAQ presently knows or that EigenQ and SVAQ
currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.
In addition, forward-looking statements reflect EigenQ’s and SVAQ’s expectations, plans or forecasts of future events and
views as of the date of this Current Report. EigenQ and SVAQ anticipate that subsequent events and developments will cause EigenQ’s
and SVAQ’s assessments to change. However, while EigenQ and SVAQ may elect to update these forward-looking statements at some point
in the future, EigenQ and SVAQ specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon
as representing EigenQ’s and SVAQ’s assessments as of any date after the date of this Current Report. Accordingly, undue
reliance should not be placed upon the forward-looking statements.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
| Exhibit No. |
|
Description |
| 99.1 |
|
Press Release, dated August 19, 2026. |
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| Date: August 19, 2026 |
SILICON VALLEY ACQUISITION CORP. |
| |
|
|
| |
By: |
/s/ Dan Nash |
| |
Name: |
Dan Nash |
| |
Title: |
Chief Executive Officer |
Exhibit
99.1
EigenQ
and Silicon Valley Acquisition Corp. Advance Proposed Business Combination Transaction through Confidential Submission of Registration
Statement on Form S-4
| ● | Confidential
submission marks significant milestone toward the completion of the previously announced
business combination and EigenQ’s planned transition to a publicly traded company. |
AUSTIN,
Texas and PALO ALTO, Calif., Aug. 19, 2026 /PRNewswire/ -- EigenQ, Inc. (“EigenQ” or the “Company”),
a quantum technology company, and Silicon Valley Acquisition Corp. (Nasdaq: SVAQ) (“SVAQ”), a publicly traded special
purpose acquisition company, today announced the confidential submission of a draft registration statement on Form S-4 (the “Draft
Registration Statement”) for review by the U.S. Securities and Exchange Commission (“SEC”) relating to EigenQ’s
and SVAQ’s previously announced proposed business combination transaction (the “Business Combination”) to take EigenQ
public. Submission of the Draft Registration Statement for SEC review reflects continued progress and forward momentum relative to the
proposed Business Combination and represents another key milestone toward completing the transaction.
Completion
of the proposed transaction is subject to shareholder approval, SEC review and effectiveness of the Registration Statement, among other
customary closing conditions. Upon completion of the proposed Business Combination, the combined company (“PubCo”) is expected
to operate under the name EigenQ Holdings, Inc., securities of which are expected to trade on Nasdaq, subject to exchange listing approval.
“The
submission of the Draft Registration Statement for review by the SEC represents another important milestone in our journey toward becoming
a public company. We are pleased to continue advancing this transaction together with SVAQ while remaining focused on disciplined execution,
furthering our commercialization plans with channel participants, OEMs and customers, and creating sustainable long-term value for our
shareholders,” said Dr. José Rosas-Bustos, EigenQ’s Chief Executive Officer.
The
proposed Business Combination remains subject to approval by the shareholders of SVAQ and stockholders of EigenQ, respectively, the registration
statement on Form S-4 being declared effective by the SEC, and the satisfaction of other customary closing conditions. The Business Combination
is currently expected to close in the fourth quarter of 2026, subject to satisfaction of applicable approvals and closing conditions.
Upon completion of the proposed Business Combination, the combined company (“PubCo”) is expected to operate under the name
EigenQ Holdings, Inc., securities of which are expected to trade on Nasdaq, subject to exchange listing approval.
While
the go-public process continues to advance, EigenQ remains focused on executing its technology and commercialization strategy.
“Our
mission is to build and deploy trusted infrastructure enabling governments, enterprises, and critical industries to operate securely
in the Quantum Era. We believe that becoming a public company will expand our ability to accelerate innovation, deepen strategic partnerships,
and bring foundational quantum technologies to U.S. and global markets. We remain committed to leading the transformation toward trusted,
resilient, and quantum-ready digital infrastructure,” said Dr. Jesse Van Griensven, Chairman of EigenQ’s board of directors.
About
EigenQ
EigenQ
is an applied quantum technology company building the trusted infrastructure for the Quantum Era. Headquartered in Texas, USA, the Company
develops foundational technologies across quantum security, communications, networking, and sensing - helping public and private sectors
prepare for a future shaped by quantum computing and AI.
Working
alongside a developing ecosystem of original equipment manufacturers (OEMs), technology partners, and industry leaders, EigenQ is poised
to deliver deployable, market-ready solutions that combine post-quantum cryptography, quantum-derived entropy, hardware-rooted trust,
secure identity, and cryptographic agility to strengthen the existing digital infrastructures of governmental and commercial enterprises.
EigenQ
has entered into a previously-announced definitive business combination agreement (the “Business Combination Agreement”)
with SVAQ to effectuate the proposed go-public transaction. In connection with the completion, if any, of the Business Combination, the
transaction parties are seeking approval from Nasdaq for shares of Pubco common stock to trade under the symbol “EIGQ”.
Additional
information about EigenQ is available at www.EigenQ.com. The Registration Statement will become publicly available at a later
stage of the transaction process; supplemental information about the proposed Business Combination and its terms can be found in SVAQ’s
public filings which are available, free of charge, at the SEC’s website (www.sec.gov).
About
Silicon Valley Acquisition Corp.
Silicon
Valley Acquisition Corp. (Nasdaq: SVAQ) is a publicly traded special purpose acquisition company organized for the purpose
of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or
more businesses. For more information, visit https://svacquisitioncorp.com.
Advisors
EigenQ’s
U.S. legal counsel is Ellenoff Grossman & Schole LLP. SVAQ’s U.S. legal counsel is Greenberg Traurig, LLP. Cohen & Company
Capital Markets, a division of Cohen & Company Securities, LLC and Secure Strategy Group, LLC are acting as financial advisors and
capital markets advisor to EigenQ. The Blueshirt Group is providing investor relations advisory services to EigenQ and AUM Media is providing
investor relations advisory services to SVAQ.
Important
Information About the Proposed Business Combination and Where to Find It
This
communication relates to a proposed business combination transaction (“Business Combination”) between EigenQ and SVAQ. The
proposed Business Combination will be submitted to the shareholders of SVAQ for their consideration. A draft registration statement on
Form S-4 (as may be amended or supplemented, the “Registration Statement”) has been submitted for review by the SEC, to be
followed by a publicly-filed Registration Statement, which will include preliminary and definitive proxy statements to be distributed
to SVAQ’s shareholders in connection with SVAQ’s solicitation for proxies for the vote by SVAQ’s shareholders in connection
with the proposed Business Combination and other matters as described in the Registration Statement, as well as a prospectus relating
to the securities to be issued in connection with the completion of the proposed Business Combination. After the Registration Statement
has been filed and declared effective by the SEC, SVAQ will mail a definitive proxy statement and other relevant documents to its shareholders
as of the record date established for voting on the proposed Business Combination.
SVAQ’s
shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments
thereto and, once available, the definitive proxy statement/prospectus in connection with SVAQ’s solicitation of proxies for its
extraordinary general meeting of shareholders to be held to approve, among other things, the proposed Business Combination, because these
documents will contain important information about SVAQ, EigenQ, PubCo and the proposed Business Combination. This press release does
not contain all the information that should be considered concerning the Business Combination and other matters and is not intended to
provide the basis for any investment decision or any other decision in respect of such matters. SVAQ and EigenQ may also file other documents
with the SEC regarding the Business Combination. Shareholders may also obtain a copy of the preliminary or definitive proxy statement/prospectus,
once available, as well as other documents filed with the SEC regarding the proposed Business Combination and other documents filed with
the SEC by SVAQ, without charge, at the SEC’s website located at www.sec.gov or by directing a request to Silicon
Valley Acquisition Corp., 228 Hamilton Avenue, 3rd Floor, Palo Alto, CA 94301.
INVESTMENT
IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY, NOR HAS ANY AUTHORITY
PASSED UPON OR ENDORSED THE MERITS OF THE PROPOSED BUSINESS COMBINATION PURSUANT TO WHICH ANY SECURITIES ARE TO BE OFFERED OR THE ACCURACY
OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Forward-Looking
Statements
This
press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the
proposed Business Combination and the parties thereto. All statements contained in this press release other than statements of historical
fact, including, without limitation, statements regarding the proposed Business Combination between SVAQ and EigenQ; the anticipated
benefits and timing of the proposed Business Combination; expected trading of PubCo securities on Nasdaq; PubCo’s potential future
financial performance; PubCo and EigenQ’s ability to execute the Company’s business strategy; EigenQ’s market opportunity
and positioning; and other statements regarding the transaction parties’ intentions, beliefs, or expectations with respect to the
Pubco’s future performance, are forward-looking statements. Forward-looking statements may be identified by the use of words such
as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,”
“expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions
that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on various
assumptions, whether or not identified in this press release, and on the current expectations of EigenQ’s and SVAQ’s management
and are not predictions of actual performance.
These
forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by
any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances
are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control
of EigenQ and SVAQ. These forward-looking statements are subject to a number of risks and uncertainties, including (1) the occurrence
of any event, change or other circumstances that could give rise to the termination of the proposed Business Combination; (2) the outcome
of any legal proceedings that may be instituted against EigenQ or SVAQ, PubCo or others following the announcement of the proposed Business
Combination; (3) the inability to complete the proposed Business Combination due to the failure to obtain approval of the shareholders
SVAQ or stockholders of EigenQ or to satisfy other conditions to closing; (4) changes to the proposed structure of the proposed Business
Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory
approval of the proposed Business Combination; (5) the ability to meet and, after closing, maintain stock exchange listing standards
in connection with or following the consummation of the proposed Business Combination; (6) the risk that the proposed Business Combination
disrupts current plans and operations of EigenQ as a result of the announcement and consummation of the proposed Business Combination;
(7) EigenQ’s ability to scale and grow its business, and the ability to recognize the anticipated benefits of the proposed Business
Combination, which may be affected by, among other things, Pubco’s and the Company’s ability to successfully execute EigenQ’s
business plans, deploy products and services that are accepted in the marketplace, grow and manage growth, maintain relationships with
customers, and retain the services of management and key employees, as well as by numerous other factors including, without limitation,
the timeline and scope of governmental mandates applicable to EigenQ’s business, competition, and further developments in quantum
computing technology; (8) risks that the Business Combination disrupts EigenQ’s current plans and operations; (9) the ability to
implement business plans, identify and realize additional opportunities, and meet or exceed management’s current expectations for
EigenQ’s business; (10) political, social or economic instability, including in emerging markets, such as the Middle East and other
countries in which EigenQ, PubCo, relevant OEMs and other channel participants and customers of some or all of the foregoing operate
or plan to operate; (11) risks relating to product development and commercialization timing, OEM integration, customer adoption and strategic
participant and manufacturer, supplier and distribution relationships; (12) EigenQ’s ability to maintain and recognize benefits
from its existing strategic relationships; (13) costs related to the proposed Business Combination; (14) changes in applicable laws or
regulations; (15) changes in government mandates, requirements and standards as they relate to quantum security and infrastructure; (16)
EigenQ’s estimates of expenses and capital needs and related management assumptions regarding, among other matters, the potential
timeline to consummate the proposed transaction, shareholder redemptions and transaction consideration or other adjustments; (17) any
downturn or volatility in economic conditions; (18) changes in the competitive environment affecting EigenQ or its customers, including
EigenQ’s inability to introduce new products or technologies; (19) the impact of pricing pressure and erosion; (20) supply chain
risks; (21) risks to EigenQ’s ability to protect its intellectual property and avoid infringement by others, or claims of infringement
against EigenQ or PubCo; (22) the possibility that EigenQ, SVAQ and Pubco may be adversely affected by other economic, business and/or
competitive factors; (23) EigenQ’s estimates of the Company future potential performance; (24) risks related to the fact that SVAQ
is incorporated in the Cayman Islands and governed by Cayman Islands law; (25) and other factors discussed in SVAQ’s Annual Report
on Form 10-K filed with the SEC on March 31, 2026, under the heading “Risk Factors”, and subsequent Quarterly Reports on
Form 10-Q, the Registration Statement on Form S-4, once publicly-filed with the SEC and proxy statement/prospectus included therein,
or other documents that will be filed with the SEC. If any of these risks materialize or our assumptions with respect thereto prove incorrect,
actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that
neither EigenQ nor SVAQ presently knows or that EigenQ and SVAQ currently believe are immaterial that could also cause actual results
to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect EigenQ’s and
SVAQ’s expectations, plans, beliefs or forecasts of future events as of the date of this press release. EigenQ and SVAQ anticipate
that subsequent events and developments will cause EigenQ’s and SVAQ’s assessments to change. However, while EigenQ and SVAQ
may elect to update these forward-looking statements at some point in the future, EigenQ and SVAQ specifically disclaim any obligation
to do so. These forward-looking statements should not be relied upon as representing EigenQ’s and SVAQ’s assessments as of
any date after the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
No
Offer or Solicitation
This
press release does not constitute a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of
the proposed Business Combination. This press release also does not constitute an offer to sell or the solicitation of an offer to buy
any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
This press release is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the
securities described herein in the United States or any other jurisdiction. No offer of securities shall be made except by means of a
prospectus meeting the requirements of the Securities Act of 1933, as amended (the “Securities Act”), or an exemption therefrom.
Investors should consult with their counsel as to the applicable requirements for a purchaser of securities to avail itself of any exemption
under the Securities Act.
Participants
in Solicitation
SVAQ,
EigenQ and certain of their respective directors, executive officers and other members of management and employees may, under SEC rules,
be deemed to be participants in the solicitations of proxies from SVAQ’s shareholders in connection with the proposed Business
Combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of SVAQ’s shareholders
in connection with the proposed Business Combination will be set forth in SVAQ’s proxy statement/prospectus when it is filed with
the SEC. You can find more information about SVAQ’s directors and executive officers in SVAQ’s Annual Report on Form 10-K
filed with the SEC on March 31, 2026. Additional information regarding the participants in the proxy solicitation and a description of
their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential
investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any
voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.
