SPAC Silicon Valley Acquisition prices $200 million IPO, targeting sectors undergoing structural transformation
IPO Overview
Silicon Valley Acquisition, a blank check company targeting sectors undergoing structural transformation, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
The company is led by CEO Dan Nash, the former head of investment banking at Cohen & Company Capital Markets, who led the firm’s SPAC practice. Mr. Nash currently serves as COO of another SPAC, Columbus Circle Capital I, which completed its merger with bitcoin treasury developer ProCap Financial （BRR; -70% from $10 offer price） earlier this month. He is joined by CFO Martin Zinny, the former Head of Corporate Access and Research Sales for global investment firm Point72. COO Madan Menon was previously COO of the SPAC International Acquisition, which merged with Zoomcar （OTC: ZCAR） in 2023. There are five directors, including the CEO’s brother, Adam Nash, who is the current CEO of Aside Inc., and former VP of Product at Dropbox and former CEO of Wealthfront.
The company states that current market conditions present an opportunity to invest in sectors undergoing structural transformation, including fintech, crypto/digital assets, AI-driven infrastructure, energy transition, auto/mobility, technology, consumer, healthcare, and mining.
Silicon Valley Acquisition plans to list on the Nasdaq under the symbol SVAQU. Clear Street acted as sole bookrunner on the deal.
Company Overview
We are a newly incorporated blank check company. We seek to capitalize on the deep investment acumen of our management team, an experienced group of entrepreneurs and investors aligned by a shared commitment to unlocking value across fintech, crypto/digital assets, AI-driven infrastructure, energy transition, auto/mobility, technology, consumer, healthcare, and mining sectors. Through longstanding relationships with influential founders, senior executives in both public and private markets, and leading venture and growth equity investors, our team is positioned to source, assess, and execute high-potential opportunities. Daniel “Dan” Nash, our Chief Executive Officer and Director, is a seasoned investment banker and entrepreneur with over 25 years of experience spanning capital markets, corporate finance, and operational leadership. Since June 2025, Mr. Nash has served as Chief Operating Officer at Columbus Circle Capital Corp I （Nasdaq: CCCM）， which has announced entry into a business combination agreement with ProCap Financial, Inc. Previously, from February 2021 to June 2025, Mr. Nash served as the Co-Founder and Head of Investment Banking at Cohen & Company Capital Markets （“CCM”）， a full-service investment bank with differentiated product and capital markets expertise across multiple industries, where he led the firm’s investment banking and SPAC practice.