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

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.

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