PRNewswire: Innoviz is to become publicly listed on NASDAQ through a merger with Collective Growth Corporation. The transaction is expected to provide up to $350M in gross proceeds comprised of Collective Growth's $150M of cash held in trust, assuming no redemptions by public stockholders, and a $200M fully committed ordinary share PIPE.
The transaction is expected to close in Q1 2021 and bring Innoviz valuation of $1.4B post-money with enterprise value of about $1B.
Innoviz investor presentation shows the company's business details:
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