Innoviz Technologies Ltd
:CGRO 11:57:35 AM EDT
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".
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".