Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON
EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our equity securities trade
on the Nasdaq Global Market. Each of our units consists of one Class A ordinary share and one-half of one redeemable warrant and, commencing
on December 23, 2025, trades on the Nasdaq Global Market under the symbol “SVAQU.” The Class A ordinary shares and warrants
underlying our units began trading separately on the Nasdaq Global Market under the symbols “SVAQ” and “SVAQW”
respectively, on February 12, 2026.
Holders of Record
On March 23, 2026, there
were 1 holder of record of our units, 1 holder of record of our Class A ordinary shares, 1 holder of our Class B ordinary shares, and
1 holders of record of our warrants. Such numbers do not include beneficial owners holding our securities through nominee names.
Dividends
We have not paid any cash
dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination.
The payment of any dividends
subsequent to a business combination will be within the discretion of our board of directors at such time and we will only pay such dividend
out of our profits or share premium (subject to solvency requirements) as permitted under Cayman Islands Law. It is the present intention
of our board of directors to retain all earnings, if any, for use in our business operations and, accordingly, our board of directors
does not anticipate declaring any dividends in the foreseeable future. In addition, our board of directors is not currently contemplating
and does not anticipate declaring any share dividends in the foreseeable future. Further, the ability to pay such dividends in kind at
the combined company’s option may result in dilution to existing shareholders. If we incur any indebtedness in connection with our
initial business combination, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.
Use of Proceeds from our Initial Public Offering
On December 24, 2025, we
consummated our initial public offering of 20,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and
one-half of one redeemable warrant, generating gross proceeds of $200,000,000. The securities sold in our initial public offering were
registered under the Securities Act on registration statement on Form S-1 (File No. 333-290366). The registration statement became effective
on December 22, 2025. On January 5, 2026, the underwriters notified the Company of their exercise of the over-allotment option in full
and purchased 1,500,000 additional units at $10.00 per unit upon the closing of the over-allotment option, generating gross proceeds of
$15,000,000. After giving effect to the exercise of the over-allotment option, an aggregate of 21,500,000 units have been issued in the
initial public offering at an aggregate offering price of $215,000,000, and an aggregate amount of $221,550,000 ($10.00 per unit) from
the net proceeds of the sale of the public units, and a portion of the net proceeds from the sale of the private placement units, was
placed in the trust account.
ITEM 6. [RESERVED]
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