Silicon Valley Acquisition lines up $44.45M bridge notes for EigenQ merger
Silicon Valley Acquisition secured $22.225M initial senior secured notes plus related $12.00 warrants, and plans an additional $22.225M in notes and warrants, amending its EigenQ merger timeline to advance the deal and bolster liquidity.
Silicon Valley Acquisition said it has entered into a set of material agreements to move forward with its merger with EigenQ and support liquidity. 225 million in notes and warrants is to be issued immediately.