Silicon Valley Acquisition II, a blank check company targeting sectors undergoing structural transformation, filed on Monday with the SEC to raise up to $220 million in an initial public offering.
The company plans to raise $220 million by offering 22 million units at $10. Each unit consists of one share of common stock, and one-half of one warrant to purchase a share, exercisable at $11.50.
Silicon Valley Acquisition II is led by Chairman and CEO Dan Nash, the former head of investment banking at Cohen & Company Capital Markets, who led the firm's SPAC practice, and the CEO of Silicon Valley Acquisition (Nasdaq: SVAQ). He is joined by CFO Martin Zinny, the CFO of Silicon Valley Acquisition and Freedom Metals Acquisition (Nasdaq: FDMMU).
The SPAC plans to target businesses across the fintech, crypto and digital asset, AI infrastructure, energy transition, mobility, technology, consumer, healthcare, and mining sectors. Management’s other SPAC, Silicon Valley Acquisition, raised $200 million in December 2025, and announced a pending merger with quantum computer components maker EigenQ this June.
The Palo Alto, CA-based company was founded in 2026. It plans to list on the Nasdaq under the symbol SVATU. Cohen & Company Securities is the sole bookrunner on the deal.
