Valens Semiconductor (PTK Acquisition) ^{Priced, NYSE American: VLN}

We are a blank check company formed under the laws of the State of Delaware on August 19, 2019. We were formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, which we refer to throughout this prospectus as our initial business combination, with one or more businesses or entities, which we refer to throughout this prospectus as a target business. Our acquisition strategy is to identify and acquire a target with untapped potential within our target industries and assist the current management and owners with building a public company that will be attractive to investors. We believe that our management team and directors’ experiences in evaluating assets, structuring and closing investments, and building companies will enable us to source high-quality targets. Based on the collective business and acquisition experiences of our founders and management team, we will seek to identify and target businesses in the most innovative subsectors within corporate and institutional IT markets and the consumer-oriented gaming and digital entertainment industries. Since our management team is comprised of U.S. citizens with extensive networks and experience in Asia, our strategy also includes placing a priority on targets that can benefit from our ability to help expand their sales and distribution in the Asia-Pacific region, and in select cases, improve their global supply chain management.