Valens, a developer and manufacturer of semiconductors, went public via merger with PTK Acquisition, a SPAC, in a c. $1.2bn deal. The combined company will be called Valens and will trade on the NYSE under the symbol "VLN" following the close of the transaction. "We are proud to partner with Gideon Ben-Zvi and the Valens Semiconductor team as the company moves forward as a public company. As a pioneer in technologies set to define the future of connectivity, Valens is very well positioned for long-term success," Peter Kuo, PTK CEO and Director.