SPAC's Silicon Valley Acquisition II (SVATU.US) applies for US stock IPO to raise up to US$220 million

The Zhitong Finance App learned that blank check company (SPAC) Silicon Valley Acquisition II submitted documents to the US Securities and Exchange Commission (SEC) on Monday and plans to raise up to 220 million US dollars through an initial public offering (IPO). The company focuses on industries undergoing structural transformation.

Under the terms of the offering, the company plans to issue 22 million units at a price of $10 per unit to raise $220 million. Each unit consists of one common share and half of a share warrant; each complete warrant can purchase one common share for $11.50.

On the management team side, Silicon Valley Acquisition II is led by Chairman and CEO Dan Nash. He was the former head of investment banking at Cohen & Company Capital Markets, responsible for the company's SPAC business and the CEO of Silicon Valley Acquisition (SVAQ.US). The chief financial officer is Martin Zinny, who is also the CFO of Silicon Valley Acquisition and Freedom Metals Acquisition (FDMMU).

The blank check company plans to target businesses in the fields of fintech, crypto and digital assets, AI infrastructure, energy transformation, mobility, technology, consumption, healthcare, and mining. Another SPAC Silicon Valley Acquisition under management raised $200 million in December 2025 and announced in June this year that it would soon merge with quantum computer component manufacturer EigenQ.

Silicon Valley Acquisition II is headquartered in Palo Alto, California and was founded in 2026. The company plans to list on NASDAQ under the stock code “SVATU.” Cohen & Company Securities acted as sole bookkeeper for the transaction.