Blank cheque firm PTK merges with Israel's Valens, says SPACs will become more mainstream

Blank cheque firm PTK merges with Israel's Valens, says SPACs will become more mainstream

Photo by Sophie Backes on Unsplash

Valens Semiconductor, an Israel-based maker of semiconductor products, agreed this week to merge with the New York-listed blank cheque firm PTK Acquisition Corp, even as the SPAC craze has been losing sheen in the past weeks.