# Valens Semiconductor to go public via merger with PTK Acquisition Corp.

Valens Semiconductor, a provider of high-speed connectivity solutions, will merge with SPAC PTK Acquisition Corp. in a deal valued at $1.16 billion. The combined company will list on the NYSE under the symbol VLN.

- Type: Acquisition
- Announced: 2021-05-25
- Where: New York, United States
- Value: $1.16B
- Status: announced
- Products: high-speed connectivity chipsets
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Valens Semiconductor](https://endata.com/companies/55376.md) (target)
- [PTK Acquisition Corp.](https://endata.com/companies/55377.md) (acquirer)

## Sources

- [ptktech.com](https://ptktech.com/investor-relations/Valens-to-become-public-company-and-list-on-NYSE.html), 2021-05-25: "Valens sets the bar in every industry we touch."
- [davispolk.com](https://www.davispolk.com/experience/valens-semiconductor-s-business-combination-ptk-acquisition-corp), 2021-05-25: "Davis Polk is advising Valens Semiconductor Ltd. in connection with its $1.16 billion combination with PTK Acquisition Corp."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.