IPO - Innoviz Technologies Ltd.

Form Type: 424B5

Filing Date: 2025-02-10

Corporate Action: Ipo

Type: New

Accession Number: 000117891325000373

Filing Summary: Innoviz Technologies Ltd. is offering 28,776,978 units in a securities offering, with each unit composed of one ordinary share and eight tenths of a warrant to purchase one ordinary share. The offering price is set at $1.39 per unit, leading to total expected proceeds of approximately $39.99 million before expenses. Each warrant can be exercised at an exercise price of $1.69 per share and will be valid for five years from issuance. The securities will be delivered on February 11, 2025. Innoviz's ordinary shares are traded under the symbol 'INVZ' on Nasdaq. The document outlines the company’s status as an 'emerging growth company' and details various recent developments pertinent to the business, including a multi-year payment plan with key customers and compliance with Nasdaq requirements. The funds raised are intended for general business purposes, with no dividends expected to be paid in the foreseeable future. The risk factors involved in this offering emphasize the volatility of trading and the discretion of management in the use of proceeds.

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