Innoviz Technologies Ltd

:CGRO   3:59:46 PM EDT
9.90
-0.17 (-1.69%)
Debt Financing / Related, Mergers / Acquisitions

Innoviz Technologies To Be Listed On NASDAQ Through Business Combination With Collective Growth Corp

Published: 12/11/2020 12:47 GMT
(CGRO) - Innoviz Technologies to Be Listed on Nasdaq Through Business Combination With Collective Growth Corp.
Transaction Sponsored by Antara Capital Lp and Perception Capital Partners Llc.
Deal to Provide Up to $350 Million in Proceeds Comprised of Cgro's $150 Million Cash in Trust, $200 Million From Ordinary Share Pipe at $10/share.
Founder Omer Keilaf Will Continue to Serve As Ceo.combined Company Expected to Have Estimated Equity Value of About $1.4 Billion, to Be Listed on Nasdaq Under Symbol "invz".