Silicon Valley Acquisition II, a blank check company targeting sectors undergoing structural transformation, has filed with the SEC to raise up to $220 million in an initial public offering. The Palo Alto, California-based SPAC plans to pursue businesses across fintech, crypto and digital assets, AI infrastructure, energy transition, mobility, technology, consumer, healthcare, and mining.

Company Background

Silicon Valley Acquisition II was founded in 2026 and is led by Chairman and CEO Dan Nash, the former head of investment banking at Cohen & Company Capital Markets, where he led the firm’s SPAC practice. Nash is also CEO of Silicon Valley Acquisition.

The company is joined by CFO Martin Zinny, who also serves as CFO of Silicon Valley Acquisition and Freedom Metals Acquisition.

Silicon Valley Acquisition II represents the second SPAC associated with the management team. Its other SPAC, Silicon Valley Acquisition, raised $200 million in December 2025 and announced a pending merger with quantum computer components maker EigenQ in June.

IPO Details

Silicon Valley Acquisition II plans to raise $220 million by offering 22 million units at $10 each.

Each unit consists of one share of common stock and one-half of one warrant to purchase a share. The warrants will be exercisable at $11.50 per share.

The company plans to list on the Nasdaq under the symbol SVATU.

Cohen & Company Securities is serving as the sole bookrunner on the offering.

Market Context & Opportunities

Silicon Valley Acquisition II has established a broad mandate covering businesses undergoing structural transformation. Its targeted sectors include fintech, crypto and digital assets, AI infrastructure, energy transition, mobility, technology, consumer, healthcare, and mining.

The breadth of the mandate gives the SPAC the ability to evaluate companies across several areas experiencing changes in technology, business models, or industry structure.

The management team’s existing SPAC activity also provides a track record within the blank-check market. Silicon Valley Acquisition’s pending combination with EigenQ gives the group an existing transaction involving the quantum computing components industry.

Risks & Challenges

Silicon Valley Acquisition II has not identified a specific acquisition target, leaving the eventual business combination and resulting industry exposure uncertain.

Its broad investment mandate covers substantially different sectors, ranging from fintech and digital assets to healthcare, mining, and energy transition. The eventual target’s financial performance, valuation, competitive position, and operating environment will therefore depend on the company ultimately selected for the combination.

The SPAC will also need to complete a business combination following the IPO, with no details on a potential target disclosed in the supplied information.

Closing Paragraph

Silicon Valley Acquisition II is seeking to raise $220 million through a Nasdaq IPO as it targets businesses operating in sectors undergoing structural transformation. Led by Dan Nash and Martin Zinny, the SPAC will evaluate opportunities across fintech, digital assets, AI infrastructure, energy transition, mobility, technology, consumer, healthcare, and mining. Its previous affiliated SPAC has already announced a pending combination with EigenQ, while the new vehicle will now begin its own search for a target.