Innoviz Technologies Announces Registered Direct Offering

TL;DR

Innoviz is selling shares to investors, raising cash.

AI Summary

On February 10, 2025, Innoviz Technologies Ltd. entered into a securities purchase agreement with certain institutional investors to sell shares in a registered direct offering. The filing does not specify the number of shares or the total dollar amount of the offering.

Why It Matters

This offering indicates Innoviz is raising capital, which could be for expansion, R&D, or to cover operational costs.

Risk Assessment

Risk Level: medium — Direct offerings can dilute existing shareholders and signal a need for immediate capital, potentially due to financial pressures.

Key Players & Entities

• Innoviz Technologies Ltd. (company) — Registrant and issuer of securities
• February 10, 2025 (date) — Date of securities purchase agreement
• Securities Purchase Agreement (document) — Agreement for the direct offering
• institutional investors (company) — Purchasers of the securities

FAQ

Key Financial Figures

• $1.39 — o the Purchasers at a purchase price of $1.39 per unit, with each unit consisting of
• $37.3 m — received net proceeds of approximately $37.3 million, after deducting the placement ag
• $1.69 — warrants are immediately exercisable at $1.69 per share and will expire on February 1
• $40 Million — entitled "Innoviz Announces Pricing of $40 Million Registered Direct Offering" is furnishe

Filing Documents

• zk2532700.htm (6-K) — 20KB
• exhibit_4-1.htm (EX-4.1) — 96KB
• exhibit_5-1.htm (EX-5) — 9KB
• exhibit_5-2.htm (EX-5.1) — 13KB
• exhibit_10-1.htm (EX-99) — 181KB
• exhibit_99-1.htm (EX-99.1) — 7KB
• im2.jpg (GRAPHIC) — 15KB
• image1.jpg (GRAPHIC) — 149KB
• image00002.jpg (GRAPHIC) — 40KB
• 0001178913-25-000427.txt ( ) — 608KB

Forward-Looking Statements

Forward-Looking Statements: This Report includes forward-looking statements within the meaning of the federal securities laws, including statements regarding the completion and timing of the offering 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 agreement related to the offering. The forward-looking statements included in this Report speak only as of the date of this Report, and Innoviz does not undertake to update the statements included in this Report for subsequent developments, except as may be required by law. The Company hereby furnishes the following documents as Exhibits 4.1, 5.1, 5.2, 10.1, 23.1, 23.2 and 99.1. Exhibit No. Description 4.1 Form of Warrant. 5.1 Opinion of Naschitz, Brandes, Amir & Co., Advocates as to the validity of the ordinary shares. 5.2 Opinion of Latham & Watkins LLP as to the validity of the warrants. 10.1 Form of Securities Purchase Agreement. 23.1 Consent of Naschitz, Brandes, Amir & Co., Advocates (included in Exhibit 5.1). 23.2 Consent of Latham & Watkins LLP (included in Exhibit 5.2). 99.1 Press Release dated February 10, 2025.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Innoviz Technologies Ltd. By: /s/ Eldar Cegla Name: Eldar Cegla Title: Chief Financial Officer Date: February 12, 2025

View Full Filing

View this 6-K filing on SEC EDGAR