PTK Acquisition Corp.
Completed 2021-09-30- CIK 1797099
- PTK
- Now VLN
- IPO 2020-07-15
- $115M trust
- 63 filings
Successfully merged with Valens Semiconductor Ltd. • Now trading as VLN
- IPO Size
- $115M
- raised at the IPO
- Trust
- $115M
- as of 2021-06-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2020
- year it listed
Filings, by quarter
63 filings over 10 quarters; violet bars carry a milestone
- 19 Q4: 1 filing
- 20 Q1: 4 filings
- 20 Q2: 11 filings
- 20 Q3: 22 filings
- 20 Q4: 2 filings
- 21 Q1: 2 filings
- 21 Q2: 11 filings
- 21 Q3: 9 filings
- 21 Q4: 0 filings
- 22 Q1: 1 filing
- S-1 filed 19 Q4
- IPO 20 Q3
- Definitive agreement 21 Q2
- Completed 21 Q3
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
PTK Acquisition Corp. is a blank-check company seeking a business combination. It plans to focus on high-tech targets in the United States, especially corporate and institutional IT and consumer gaming and digital entertainment, and intends to prioritize cash-flow-positive businesses.
Investment Focus
Technology, Gaming, Entertainment
Geographic Focus
United States, Asia-Pacific region
Key Information
As the filings state it
- IPO Date
- 2020-07-15
- PIPE
- $125M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2021-09-30
- Merger Target
- Valens Semiconductor Ltd.
- SPAC Ticker
- PTK
- Merged Ticker
- VLN
Stock Performance
VLNTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2021-09-30 | $7.75 | |
| At Merger | 2021-10-01 | $6.59 | -15% |
| 6 Months Post-Merger | 2022-04-04 | $5.15 | -22% |
| 1 Year Post-Merger | 2022-10-03 | $4.36 | -34% |
| 2 Years Post-Merger | 2023-10-02 | $2.61 | -60% |
| Current Price | 2026-10-09 | $1.73 | -78% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
The founders bring more than 80 years of combined technology investing experience. The team includes private equity and M&A professionals, technology executives and hardware specialists, with experience in semiconductors, electronics manufacturing, gaming, and technology-sector transactions.