Israeli co Valens in SPAC talks at $1.2b valuation - report
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...
Source: globes.co.il