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The whole lifecycle, verified against the filings.
Definitive (DA signed)
Summed over 2 of 3 filed.
No dated vote for these deals is on file with us yet — our record, not the companies' calendars.
More equity than the headline, over 2 of 3 measured.
A definitive agreement is signed and the vote is still ahead, so the redemption right survives to it.
| SPAC | Target | Segment | Value | Announced | Vote | SPAC price | Status | ARS | Delivers | Notes |
|---|---|---|---|---|---|---|---|---|---|---|
| DMAADrugs Made In America Acquisition Corp.No date ahead | Power Analytics Global Corp | Quantum | — | Jul 20, 2026 | $10.80 | -0.8% |
The list is grouped by lifecycle stage and the sort orders rows inside a stage: a vote that has already passed and one still ahead are not the same list. An announced deal is not a closed deal — 1 of the combinations in our record were terminated. A premium to trust is a selling point, not a buying point — and once a vote has passed there is no redemption right left to price against. Every stage, target and figure here is read from the SEC filing that stated it; where a figure is missing it is missing from our record, and the page says so rather than estimating one.
2 of 3 deals in this view carry a dated vote or a stated close period. Where the Vote column is empty, the filings we hold state neither — that is a gap in our record, not a claim that the parties have no timetable.
Sorted inside each stage.
| Definitive (DA signed) |
| 6666 |
| SVAQSilicon Valley Acq | EigenQ, Inc. | Quantum | $2.9B | Jun 17, 2026 | Q4 2026 | $10.07 | -0.7% | Definitive (DA signed) | 7575 | EigenQ, Inc. is a quantum technology company headquartered in Austin, Texas, focused on developing and commercializing foundational quantum technologies across five core domains: quantum security and cyber resilience, quantum AI, quantum communications and networking, quantum sensing and intelligence, and quantum computing. Its initial commercialization efforts center on quantum-resilient security and trusted infrastructure, specifically post-quantum cryptography, hardware-rooted security, trusted identity, trusted execution environments, and critical infrastructure protection. The company claims to be the first to ship enterprise- and military-grade FIPS 203/204-certified post-quantum security systems, and it has developed NIST-compliant, CNSA 2.0-aligned solutions designed to be retrofitted into existing infrastructure rather than requiring wholesale replacement. Its product portfolio includes quantum random number generators, quantum eSIM secure mobile connectivity, quantum-safe WiFi routers, and hardware platform engines, all built around a hardware-anchored trust architecture spanning quantum entropy, trusted identity, trusted execution, and post-quantum cryptography. EigenQ positions itself at the intersection of hardware, firmware, cryptography, and enterprise infrastructure, arguing that software alone cannot establish infrastructure trust in the post-quantum era. The company's leadership is chaired by Dr. Jesse Van Griensven Thé, who has guided the team for over a decade. Recent executive appointments include Mark Pecen as Vice Chairman, Alexander Truskovsky as Chief Information Security Officer, and Rika Nakazawa, a former NVIDIA, Sony, and Accenture executive, as Chief Growth Officer to accelerate global expansion. EigenQ has built strategic alliances and channel partnerships with major technology players including HPE, AMD, WNC, and TD SYNNEX, leveraging these relationships for platform integration, manufacturing scale, distribution, and deployment across both public and private sector environments. Its go-to-market strategy relies on OEM integration and channel ecosystems rather than direct infrastructure replacement, enabling scalable adoption through existing procurement channels. Initial target customers are in government, defense, and critical infrastructure markets where regulatory mandates such as CNSA 2.0 and NIST post-quantum standards are creating immediate demand, with subsequent expansion planned into enterprise infrastructure, AI platforms, financial services, telecommunications, healthcare, industrial systems, and international markets. The company cites an addressable market of roughly $500 billion for quantum-proofing critical infrastructure and a broader $80 trillion quantum market opportunity. On the funding and valuation front, EigenQ previously raised capital on Republic at a $300 million valuation and reports $1.2 billion in intangible assets through an active IP acquisition strategy. Its definitive business combination agreement with Silicon Valley Acquisition Corp. (NASDAQ: SVAQ) values EigenQ at a pro forma enterprise value of approximately $2.93 billion to $3 billion, with the merger consideration structured through an exchange ratio based on $2.93 billion divided by $10.00 per share and EigenQ's fully diluted share count. The transaction is supported by approximately $215 million held in SVAQ's trust account, subject to shareholder redemptions and transaction expenses, and the sponsor has committed up to 2,165,950 founder shares to support transaction financing. The deal involves SVAQ's domestication from the Cayman Islands to Delaware, with the combined company expected to trade on Nasdaq under the ticker symbol EIGQ. An equity incentive plan reserving approximately 10% of fully diluted shares with a 1% annual evergreen increase is planned, and the post-closing board will comprise seven directors designated by EigenQ plus one board advisor. The transaction is expected to close in the fomore ▾less ▴ |
| AXINAxiom Intelligence I | Terra Quantum | Quantum | $3.5B | May 25, 2026 | H2 2026 | $10.33 | -1.2% | Definitive (DA signed) | 7676 | Terra Quantum AG is a Swiss-German quantum technology company headquartered in St. Gallen, Switzerland, that operates a hardware-agnostic "Quantum as a Service" platform spanning three core areas: quantum algorithms and software, access to quantum computing resources, and quantum-era cybersecurity. Unlike many quantum sector participants focused primarily on hardware development, Terra Quantum has built a comprehensive technology stack combining quantum computing, quantum-inspired optimization, artificial intelligence, and quantum cybersecurity into a unified platform designed to generate immediate commercial value. The company serves enterprise and institutional customers across financial services, manufacturing, pharmaceuticals, logistics, energy, government, and defense sectors, helping organizations solve computationally intensive problems that were previously impractical using conventional approaches. Terra Quantum reports more than 200 employees, over 70% of whom are research engineers and over 35% holding doctorates, and owns a portfolio of more than 100 patents. The company was founded and is led by Markus Pflitsch, who serves as Chairman, CEO, and Founder. The leadership team also includes Dr. Eike Marx as CFO and Chief Strategic Officer, and Dr. Florian Neukart as Chief Technology Officer. Terra Quantum has raised more than $100 million in cumulative funding to date and has established a growing global footprint with operations and strategic presence across North America, Europe, the Middle East, and Asia-Pacific. The company's commercial traction spans multiple industries, and it has developed proprietary quantum algorithms, hybrid quantum-classical computing technologies, and enterprise-grade software platforms that position it at the forefront of what it calls the second quantum revolution. Terra Quantum is going public via a SPAC merger with Axiom Intelligence Acquisition Corp. 1 (NASDAQ: AXIN), with which it signed a definitive Business Combination Agreement on May 25, 2026. The transaction values Terra Quantum at approximately $3.5 billion in equity value, representing an increase from the $3.25 billion valuation contemplated under a previously announced non-binding letter of intent with another SPAC, Mountain Lake Acquisition Corp. II. The enhanced valuation reflects Terra Quantum's continued commercial growth, expanding strategic partnerships, and ongoing development of its quantum technology platforms. The deal is expected to deliver up to approximately $190 million in gross proceeds from Axiom's trust, assuming no shareholder redemptions, with existing Terra Quantum shareholders rolling 100% of their equity and expected to own roughly 92% of the combined company. Upon closing, expected in the second half of 2026, the combined company will trade on Nasdaq under the ticker symbol "TQ." The strategic rationale for going public via SPAC centers on accelerating Terra Quantum's global expansion and strengthening its leadership in quantum technologies and AI-driven optimization. The company plans to use the proceeds to accelerate research and development, expand global enterprise sales, pursue strategic partnerships and acquisitions, and support international growth. The transaction also provides enhanced visibility in the quantum computing sector and strengthens the company's balance sheet to support scaling operations globally. For Axiom, the deal resolves an existential imperative, as the SPAC's recent 10-Q filing disclosed substantial doubt about its ability to continue as a going concern due to an approaching deadline to complete a merger. Axiom CEO Doug Ward noted that following extensive diligence, Terra Quantum stood apart as one of the most advanced and commercially focused quantum technology companies globally, with a combination of scientific excellence, proprietary technology, enterprise adoption, and visionary leadership that creates a compelling platform for long-term value creation.more ▾less ▴ |