SpacDeskValens Semiconductor Ltd
Completed deSPAC · 1 SPAC · 1 closed · 0 announced
PTK Acquisition Corp. (NYSE: PTK), sponsored by PTK Holdings LLC and backed by Israeli technology investors Shlomo Dovrat and Avigdor Willenz of Viola Group, completed its merger with Valens Semiconductor Ltd., an Israeli fabless semiconductor company specializing in high-speed connectivity solutions for automotive and audio-video applications. The SPAC raised its initial public offering in 2020 and announced the Valens transaction in May 2021, targeting the semiconductor sector. The deal closed in 2021, with Valens Semiconductor subsequently trading on the NYSE under the ticker VLN. The combined company focuses on chipsets enabling advanced driver-assistance systems and automotive Ethernet connectivity. Sign up at SpacDesk for full deal history, filing data, and sponsor analytics on PTK Acquisition Corp. and thousands of other SPACs.
SPAC Counterparty (1)
| Symbol | Issuer | Status | Announced | Close | IPO Size | PIPE | Sponsor |
|---|---|---|---|---|---|---|---|
| PTK | PTK Acquisition Corp. | Closed | 2021-05-25 | 2021-09-28 | $115.0M | $125.0M | PTK Holdings |
Key Filings
| Form | Filed | SPAC | Accession |
|---|---|---|---|
| 425 | 2021-05-25 | PTK | 0001193125-21-171833 |