BUSINESS COMBINATION AGREEMENT BY AND AMONG PTK ACQUISITION CORP., VALENS MERGER SUB, INC., AND VALENS SEMICONDUCTOR LTD. DATED AS OF MAY 25, 2021Business Combination Agreement • March 2nd, 2022 • Valens Semiconductor Ltd. • Semiconductors & related devices • Delaware
This BUSINESS COMBINATION AGREEMENT (this “Agreement”), dated as of May 25, 2021, is entered into by and among PTK Acquisition Corp., a Delaware corporation (“SPAC”), Valens Merger Sub, Inc., a Delaware corporation (“Merger Sub”), and Valens Semiconductor Ltd., a limited liability company organized under the laws of the State of Israel (the “Company”). SPAC, Merger Sub and the Company shall be referred to herein from time to time individually as a “Party” and collectively as the “Parties.” Capitalized terms used but not otherwise defined herein have the meanings set forth in Section 1.1.
