Silicon Valley Acquisition Corp. Announces Closing of Over-Allotment Option in Connection with Its Initial Public Offering

PALO ALTO, Calif., Jan. 08, 2026 (GLOBE NEWSWIRE) -- Silicon Valley Acquisition Corp. (the “Company”) (Nasdaq: SVAQU) today announced that, on January 7, 2026, it consummated the sale of 1,500,000 units subject to the over-allotment option granted to the underwriters in connection with its previously announced initial public offering. The additional units were sold at $10.00 per unit, generating additional gross proceeds to the Company of $15,000,000. After giving effect to the exercise of the option, an ag ...