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

Reuters

2020/12/11

Dec 11 (Reuters) - Innoviz Technologies:

* 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"

Source text for Eikon:

((Reuters.Briefs@thomsonreuters.com;))

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