Arrive Without the Effort of the Drive Innoviz and Collective Growth Count Down to Wednesday s Vote benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Innoviz Technologies, a Global Leader in LiDAR Sensors and Perception Software for Autonomous Driving, to be Listed on Nasdaq Through Business Combination with Collective Growth Corporation
USA - English
- Innoviz Technologies Ltd. ( Innoviz ) to become publicly listed through business combination with Collective Growth Corporation (NASDAQ: CGRO) ( Collective Growth ) in a transaction sponsored by Antara Capital LP and Perception Capital Partners LLC
- Transaction is expected to provide up to $350 million in gross proceeds comprised of Collective Growth s $150 million of cash held in trust, assuming no redemptions by public stockholders, and a $200 million fully committed ordinary share PIPE at $10.00 per share, led by Antara Capital and includes strategic investments from Magna International, Innoviz s Tier-1 partner, Phoenix Insurance and other institutional investors