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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 ...

Valens to Go Public via Merger with PTK SPAC Valens, a provider of high-speed connectivity services for the audio-video and automotive markets, and PTK Acquisition Corp., a special purpose acquisition company. 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 transaction. Gideon Ben-Zvi, CEO of Valens said, “Valens sets the bar in every industry we touch. Our chipsets are in high volume production with several leading automotive Tier-1s and are currently on the road in Daimler vehicles. The autom...

The movement to recall California Gov. Gavin Newsom continues to pick up steam with the petition to do so having collected 1 million signatures as of Jan. 7, according to RecallGavin2020.com campaign organizers. A minimum of 1,495,709 valid signatures is needed to force a recall. “We pay the highe

Trump Supporters Hold Rallies at California and Nevada Capitols Rally-goers gathered in front of the California State Capitol as well as the Nevada State Capitol on Jan. 6 to support President Donald Trump and call for election integrity. The rallies took place on the same day that Congress convened to count electoral votes in the nation’s capital. In Sacramento, attendees who had traveled from different parts of California shared their comments with Epoch Times reporters. Peter Kuo, who is originally from Taiwan, is currently vice chairman of the California Republican Party. He was at the ...

Analysis: New blank-check firms arm up for Asian unicorn hunt A new fundraising frenzy that swept Wall Street this year looks set to take hold in Asia with more than a dozen special purpose acquisition companies, or SPACs, on the hunt for fast-growing technology firms that are ready to go public. SPACs are exchange-listed shell companies that raise money through initial public offerings (IPOs) and merge with firms by enticing them with shorter listing timelines. Such structures have raised a record total of more than $70 billion in the United States this year, making them one of the hottest W...