Value Base Group reaches Nomination Agreement with Valens Semiconductor Ltd (VLN)

Key Summary:  On July 23, 2024, a Nomination Agreement was signed between Value Base Group (18.5%) and the Company.

Market Cap: $265 million | Valens Semiconductor Ltd. engages in the provision of semiconductor products for the audio-video and automotive industries. 

On July 23, 2024, a Nomination Agreement was signed between Value Base Group (18.5%) and the Company. Under this agreement, Value Base Group's nominee, Mr. Tal Yaacobi, will join the Company's Board of Directors by August 8, 2024, serving as a Class I director and on the Nominating, Governance, and Sustainability Committee.