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0.0380434782608696 0.157608695652174 0.0217391304347826 0.0760869565217392 0.0760869565217392 0.0543478260869566 0.0489130434782609 0.0543478260869566
Stock impact report

Valens Adopts a Share Repurchase Program of up to $10 Million

Valens Semiconductor Ltd. (VLN) 
Company Research Source: PR Newswire
HOD HASHARON, Israel, Nov. 26, 2024 /PRNewswire/ -- Valens Semiconductor (NYSE: VLN), a leader in high-performance connectivity, announced today that its Board of Directors (the "Board") has approved a "distribution", as defined in the Israeli Companies Law, 1999 (the "Companies Law"), by way of a share repurchase program, pursuant to which the Company may repurchase (buyback) an aggregate amount of up to $10 million of the Company's ordinary shares (the "Distribution"), subject to the completion of required Israeli regulatory procedures.  According to Section 7C.(C) of the Companies Regulations (Relief for Companies Whose Securities Are Listed for Trading on Foreign Stock Exchanges) 2000, the Company's creditors may apply to the Company and object to the Distribution, within 30 days following its publication.Following, and subject to, completion of the required Israeli regulatory procedures, share repurchases under the program will be made from time to time in open market purchases, Show less Read more
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