Valens completes business combination with PTK Acquisition Corp., traded on NYSE with USD 1.1 Billion valuation
Categories: Corporate and M&A
Valens Semiconductor, Ltd. (“Valens”), a premier provider of high-speed connectivity solutions for the audio-video and automotive markets, has completed a business combination with SPAC, PTK Acquisition Corp.
The company is now traded on the NYSE, with a USD 1.16 Billion valuation.
Founded in 2006 and based in Hod Hasharon, Israel, Valens was represented by a Meitar team comprising Assaf Naveh, Shachar Hadar, Tali Lungin Ran Camchy, Elad Ziv, Hila Silverstein, Oron Ben Haim, Nil Friedman, Alon Priver and Roi Steinberg.
PTK was represented by Goodwin, led by Douglas Freeman, Jocelyn Arel, Dan Espinoza, Chi Pan, and Eugena Tong and included Yoel Kranz, Wei Xu, Todd Pollock and Chuqiao (Chris) Zhao.
