Announced
Completed
Financials
Tags
Completed
Private Equity
Acquisition
lidar sensors
Majority
Israel
Software
Private
Merger
Cross Border
Friendly
Single Bidder
mobile application
lidar solutions
Reverse Takeover
De-SPAC
Synopsis
Innoviz Technologies, an Israeli lidar startup, went public through a merger with Collective Growth, a blank check company, in a $1.4bn deal. The transaction was sponsored by Antara Capital, Perception Capital Partners and Magna International. The successful completion of the business combination will allow Innoviz Technologies to meet the booming demand of the auto industry, which has been waiting for the LiDAR technology to mature. Innoviz is engaged in multiple automotive programs with multiple partners across the globe, and is growing.
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