Silicon Valley Acquisition, a blank check company targeting sectors undergoing structural transformation, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.
The Palo Alto, CA-based company plans to raise $200 million by offering 20 million units at a price of $10 per unit. Each unit consists of one share of common stock and one-half of a warrant exercisable at $11.50 per share.
The company is led by CEO Dan Nash, the former head of investment banking at Cohen & Company Capital Markets, who led the firm's SPAC practice. Mr. Nash currently serves as COO of another SPAC, Columbus Circle Capital Corp I, which went public in May 2025, and in June announced a merger with crypto treasury company ProCap Financial. The SAPC did not disclose a CFO, and instead left a placeholder. COO Madan Menon was previously COO of the SPAC International Acquisition, which merged with Zoomcar (OTC: ZCAR) in 2023. There are five directors, including the CEO's brother, Adam Nash, who is the current CEO of Aside Inc., and former VP of Product at Dropbox and former CEO of Wealthfront.
The company states that current market conditions present an opportunity to invest in sectors undergoing structural transformation, including fintech, crypto/digital assets, AI-driven infrastructure, energy transition, auto/mobility, technology, consumer, healthcare, and mining.
The SPAC was founded in 2025 and plans to list on the Nasdaq under the symbol SVAQU. Clear Street is the sole bookrunner on the deal.
