Ticker LaunchSPAC · Merger completed
PTK Acquisition Corp.
Business combination with Valens Semiconductor Ltd.
PTK Acquisition Corp. is a blank-check company (SPAC) that raised $100M in its initial public offering on Jul 15, 2020, listing on NYSE American. It completed its business combination with Valens Semiconductor Ltd. on Sep 29, 2021; the combined company is Valens Semiconductor Ltd. (VLN). Goodwin Procter advised the SPAC and Ropes & Gray advised the underwriters on the IPO.
Valens Semiconductor Ltd. provides semiconductor products enabling long-reach, high-speed video and data transmission for the audio-video and automotive industries. Valens Automotive supplies chipsets used in vehicles worldwide that support autonomous driving.
- Status
- Merger completed
- IPO date
- Jul 15, 2020
- IPO size
- $100M
- IPO exchange
- NYSE American
- Target
- Valens Semiconductor Ltd.
- Announced
- May 25, 2021
- Closed
- Sep 29, 2021
- Combined company
- Valens Semiconductor Ltd. (VLN)
- SPAC counsel (IPO)
- Goodwin Procter
- Underwriters' counsel (IPO)
- Ropes & Gray
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Jul 15, 2020
- Deal announcement (8-K) May 25, 2021
- Press release
- All filings on EDGAR CIK 1797099
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