Silicon Valley Acquisition Corp. filed its quarterly report on Form 10-Q for the quarter ended June 30, 2026, with the Securities and Exchange Commission on August 14, 2026, disclosing financial results, trust account balances, and share activity for the period.

Key Highlights

  • Net income: The company reported net income of $1,141,643 for the three months ended June 30, 2026, and $2,810,623 for the six months ended June 30, 2026.
  • Trust Account: Investments held in the Trust Account totaled $218,979,433 as of June 30, 2026, up from $200,119,181 as of December 31, 2025.
  • Redemption value: Class A ordinary shares subject to possible redemption carried a redemption value of $10.19 per share as of June 30, 2026, compared to $10.01 per share as of December 31, 2025.
  • Shares outstanding: As of August 14, 2026, there were 22,155,000 Class A ordinary shares and 7,165,950 Class B ordinary shares issued and outstanding.
  • Shareholders' deficit: Total shareholders' deficit was $(8,112,388) as of June 30, 2026, compared to $(6,556,409) as of December 31, 2025.
  • Over-allotment activity: On January 7, 2026, underwriters purchased an additional 1,500,000 Units pursuant to a partial exercise of the over-allotment option; on February 7, 2026, the option to purchase the remaining 1,500,000 Units expired, resulting in the forfeiture of 499,950 Class B ordinary shares.

Silicon Valley Acquisition Corp. Q2 2026 Financial and Structural Overview

According to the filing, Silicon Valley Acquisition Corp. (NASDAQ:SVAQ) reported general and administrative costs of $779,635 for the three months ended June 30, 2026, and $1,144,779 for the six months ended June 30, 2026, resulting in losses from operations of those same amounts for the respective periods. Offsetting these operating losses, the company disclosed interest earned on investments held in the Trust Account of $1,921,278 for the three-month period and $3,860,252 for the six-month period.

The balance sheet as of June 30, 2026, showed total assets of $220,344,980 and total liabilities of $9,477,935, according to the filing. Current liabilities included accrued expenses of $773,740 and accrued offering costs of $75,000. The deferred underwriting fee payable stood at $8,600,000, up from $8,000,000 as of December 31, 2025. The company also reported cash and cash equivalents of $1,180,511 as of June 30, 2026, compared to $1,600,031 at December 31, 2025.

The filing further disclosed that 21,500,000 Class A ordinary shares were subject to possible redemption as of June 30, 2026, compared to 20,000,000 shares as of December 31, 2025, reflecting the partial over-allotment exercise in January 2026. The company reported basic and diluted net income per share of $0.04 for redeemable Class A ordinary shares for the three months ended June 30, 2026, and $0.10 for the six months ended June 30, 2026. The registrant identified itself as a smaller reporting company and an emerging growth company, and indicated it is a shell company as defined under Rule 12b-2 of the Exchange Act.

What Was Disclosed

Silicon Valley Acquisition Corp. disclosed its unaudited financial statements for the quarter ended June 30, 2026, covering net income, trust account balances, redemption values, share activity tied to the partial over-allotment exercise, and a growing shareholders' deficit.