TEL
AVIV, Israel, Aug. 9, 2023
/PRNewswire/ -- Innoviz Technologies Ltd.
(NASDAQ: INVZ) ("Innoviz"), a leading Tier-1
direct supplier of high-performance, automotive grade LiDAR sensors
and perception software, today announced
that it has commenced an underwritten public offering of
$60.0 million of its ordinary shares.
Innoviz intends to grant the underwriters an option to purchase up
to an additional $9.0 million of its
ordinary shares at the public offering price less the underwriting
discount and commissions. The offering is subject to market and
other conditions, and there can be no assurance as to whether, or
when, the offering may be completed or as to the actual size or
terms of the offering. Innoviz intends to use the net proceeds that
it will receive from the offering for general corporate
purposes.
Goldman Sachs & Co. LLC is acting as lead book-runner and
representative of the underwriters for the offering. Cantor and
Berenberg are acting as passive book-runners for the offering.
Rosenblatt is acting as co-manager for the offering.]
A registration statement on Form F-3 relating to the ordinary
shares to be sold in the proposed offering has been filed with the
U.S. Securities and Exchange Commission (the "SEC") and was
declared effective on October 11,
2022. This offering will be made only by means of a
prospectus. A copy of the preliminary prospectus supplement and the
accompanying prospectus relating to this offering may be obtained
for free by visiting EDGAR on the SEC's website at www.sec.gov.
Alternatively, a copy of the preliminary prospectus supplement and
the accompanying prospectus relating to this offering may be
obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus
Department, 200 West Street, New York,
NY 10282, by telephone at 1-866-471-2526 or by e-mail at
prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Innoviz
Innoviz is a global leader in LiDAR technology, serving as a
Tier 1 supplier to the world's leading automotive manufacturers and
working towards a future with safe autonomous vehicles on the
world's roads. Innoviz's LiDAR and perception software "see" better
than a human driver and reduce the possibility of error, meeting
the automotive industry's strictest expectations for performance
and safety. Operating across the U.S., Europe, and Asia, Innoviz has been selected by
internationally recognized premium car brands for use in consumer
vehicles as well as by other commercial and industrial leaders for
a wide range of use cases.
Forward Looking Statements
This press release includes forward-looking statements within
the meaning of the federal securities laws, including statements
regarding the completion, timing and size of the proposed offering,
the grant of the option to the underwriters to purchase additional
ordinary shares and the intended use of the proceeds.
Forward-looking statements represent Innoviz's current expectations
regarding future events and are subject to known and unknown risks
and uncertainties that could cause actual results to differ
materially from those implied by the forward-looking statements.
Among those risks and uncertainties are market conditions,
including the trading price and volatility of Innoviz's ordinary
shares and risks relating to Innoviz's business and, if the
offering is priced, risks related to the satisfaction of closing
conditions in the underwriting agreement related to the offering.
Innoviz may not consummate the proposed offering described in this
press release and, if the proposed offering is consummated, cannot
provide any assurances regarding the final terms of the offer. The
forward-looking statements included in this press release speak
only as of the date of this press release, and Innoviz does not
undertake to update the statements included in this press release
for subsequent developments, except as may be required by law.
Media Contact
Media@innoviz-tech.com
Investor Contact
(US)
Rob Moffatt
VP, Corporate Development & IR
Innoviz
Technologies
+1 (203)
665-8644
Investors@innoviz-tech.com
Investor Contact (Israel)
Maya Lustig
Director, Investor Relations
Innoviz Technologies
+972 54 677 8100
Investors@innoviz-tech.com
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SOURCE Innoviz Technologies