Quantum security company EigenQ plans to go public through a merger with special purpose acquisition company (SPAC) Silicon Valley Acquisition Corp., in a deal that values the combined company at approximately $3 billion and underscores growing investor interest in technologies designed to secure infrastructure against future quantum computing threats.
The companies announced in a statement that they had entered into a definitive business combination agreement that would result in EigenQ becoming a publicly traded company. Upon completion of the transaction, the combined company is expected to operate as EigenQ Inc. and trade on the Nasdaq under the ticker symbol EIGQ.
The transaction is expected to close in the fourth quarter of 2026, subject to shareholder approval and other customary closing conditions, including review by the U.S. Securities and Exchange Commission.
The deal comes as governments and enterprises increasingly prepare for the eventual arrival of quantum computers capable of breaking some of today’s widely used encryption systems. New U.S. government requirements, including standards from the National Institute of Standards and Technology and guidance under the Commercial National Security Algorithm Suite 2.0, are driving efforts to migrate critical systems to quantum-resistant security technologies.
EigenQ’s initial commercial focus centers on post-quantum cybersecurity and trusted digital infrastructure. The company develops technologies spanning post-quantum cryptography, hardware-rooted security, trusted identity systems and critical infrastructure protection. It also maintains development efforts in quantum communications, sensing, artificial intelligence and quantum computing.
According to the companies, proceeds from the transaction are expected to support expansion of EigenQ’s trust infrastructure platform, AI security capabilities, commercialization efforts and research and development activities.
The company argues that demand for quantum-resilient infrastructure extends beyond cybersecurity alone. Operators of critical infrastructure, defense agencies and enterprise technology providers are modernizing legacy systems to support increasingly connected and autonomous operations, creating demand for new security and trust technologies.
EigenQ has established partnerships with several technology companies, including AMD, HPE, WNC and TD SYNNEX, which the company said support technology integration, manufacturing, distribution and deployment activities.
The merger would provide EigenQ with access to public capital markets at a time when quantum-related cybersecurity has emerged as one of the most commercially active segments of the broader quantum technology industry. While many quantum computing developers continue to pursue long-term hardware roadmaps, post-quantum security technologies are already being deployed as organizations prepare for future cryptographic risks.
“At EigenQ, our focus has always been on translating breakthrough technologies into practical, deployable solutions that address real-world challenges, while building a portfolio of technologies spanning Quantum Security, Quantum AI, Communications, Sensing, and Computing,” said José R. Rosas-Bustos, chief executive officer of EigenQ.
Silicon Valley Acquisition Corp. executives framed the transaction as a bet on both near-term demand for quantum security and longer-term opportunities across emerging quantum technology markets.
The boards of directors of both companies unanimously approved the transaction.
Under the agreement, existing EigenQ shareholders are expected to roll over substantially all of their equity into the combined company and retain significant ownership stakes following the merger. The companies said no material EigenQ shareholders are expected to sell shares or receive cash consideration as part of the transaction.
The deal follows a renewed wave of activity across quantum technology capital markets as companies seek funding to commercialize technologies tied to cybersecurity, networking, sensing and advanced computing. For EigenQ, the public listing is intended to provide additional resources to expand its commercial footprint while continuing development across multiple quantum technology sectors.
