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October 17, 2023 Dear Valens Semiconductor Ltd. Shareholders: We cordially invite you to attend the Annual General Meeting of Shareholders of Valens...
The company, which provides high-speed connectivity solutions for the audio-video and automotive markets, begins trading on Thursday on the NYSE.
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” following the transaction’s finalization, which is expected to occur later this fall, the companies said i...
Valens agrees SPAC merger at $1.16b valuation The Israeli chipmaker has developed high-speed connectivity solutions for the audio-video and automobile markets. Israeli chipmaker Valens Semiconductor today announced that it has signed an agreement to merge with the US special purpose acquisition company (SPAC) PTK Acquisition Corp. Following the close of the merger, Valens will trade on the NYSE under the VLN ticker at a company valuation of $1.16 billion. According to IVC, Valens has raised $167 million in five financing rounds, the last of which was at the end of 2018 at a company valuation ...
Israeli co Valens in SPAC talks at $1.2b valuation - report The Hod Hasharon-based car connectivity chipmaker is in talks with PTK Acquisition to list on NYSE through a merger, "Bloomberg" reports. Israeli chipmaker Valens Semiconductor Ltd. is in talks to list on the NYSE through a merger with special purpose acquisition company (SPAC) PTK Acquisition Corp., people with knowledge of the matter have told "Bloomberg." The blank check company, which raised $115 million last July, is seeking to raise $100 million or more in new equity as part of the merger, which would value Valens at between $1...