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Valens Semiconductor, Market Leader in High-Speed Connectivity, to Become Public Company and List on NYSE

May 25, 2021
PTK Logo HOD HASHARON, Israel and NEW YORK, May 25, 2021 /PRNewswire/ -- Valens, a premier provider of high-speed connectivity solutions for the audio-video and automotive markets, and PTK Acquisition Corp. (NYSE: PTK.U) ("PTK"), a special purpose acquisition company, today announced they have entered into a definitive business combination agreement. The combined company will be called Valens and will trade on the New York Stock Exchange under the symbol "VLN" following the close of the trans...
Hod Hasharon United States Ha Afon Peter Kuo Larry Clark Matthew Keating
Source: prnewswire.com

Israeli chipmaker Valens to merge with PTK in SPAC deal at $1.16b valuation

May 25, 2021
An engineer working at Valens, a high-speed chipmaker for the audio-video and automotive sectors. (Courtesy) Valens, a maker of high-speed chips for the audio-video and automotive markets, said Tuesday it will merge with special purpose acquisition company PTK Acquisition Corp., a special purpose acquisition company, in a transaction that values the Israeli firm at $1.16 billion. The company will be called Valens and will trade on the New York Stock Exchange under the symbol “VLN” followin...
Hod Hasharon Peter Kuo Gaby Gur Cohen Nadav Banet Dror Heldenberg Dror Jerushalmi
Source: timesofisrael.com

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