SPAC company Silicon Valley Acquisition II (SVATU.US) files for U.S. IPO, aiming to raise up to $220 million.

Blank check company (SPAC) Silicon Valley Acquisition II filed with the U.S. Securities and Exchange Commission (SEC) on Monday, planning to raise up to $220 million through an initial public offering (IPO). The company focuses on industries undergoing structural transformation. Under the terms of the offering, the company plans to offer 22 million units at $10 per unit, raising $220 million. Each unit consists of one share of common stock and half of one warrant; each whole warrant entitles the holder to purchase one share of common stock at $11.50. On the management team, Silicon Valley Acquisition II is led by Chairman and Chief Executive Officer Dan Nash. He previously served as head of investment banking at Cohen & Company Capital Markets, where he was responsible for the firm's SPAC business, and also serves as CEO of Silicon Valley Acquisition (SVAQ.US). The Chief Financial Officer is Martin Zinny, who also serves as CFO of Silicon Valley Acquisition and Freedom Metals Acquisition (FDMMU). The blank check company plans to target businesses in sectors including fintech, crypto and digital assets, AI infrastructure, energy transition, mobility, technology, consumer, healthcare, and mining. Another SPAC under the management team, Silicon Valley Acquisition, raised $200 million in December 2025 and announced in June of this year that it is set to 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 the Nasdaq under the ticker symbol "SVATU." Cohen & Company Securities is serving as the sole book-running manager for the transaction.