InvestmentJul 28, 2026, 08:56 AM
Innoviz Announces $30M Registered Direct Offering
AI Summary
Innoviz Technologies Ltd. announced a registered direct offering of 66,666,667 ordinary shares to institutional investors, expected to generate gross proceeds of approximately $30 million. The company plans to use the net proceeds for general business purposes, including supporting the commercialization of its security and defense brand, Perciz. Additionally, Innoviz provided preliminary financial results for Q2 2026, expecting revenues between $17.9 million and $18.1 million, and reported $48.4 million to $48.5 million in cash and equivalents as of June 30, 2026.
Key Highlights
- Secured $30 million gross proceeds from a registered direct offering.
- Issued 66,666,667 ordinary shares to institutional investors.
- Proceeds to fund general business purposes, including Perciz brand commercialization.
- Preliminary Q2 2026 revenue expected between $17.9 million and $18.1 million.
- Cash and cash equivalents were $48.4 million to $48.5 million as of June 30, 2026.
- Directors and executive officers are subject to a 45-day lock-up agreement.
- Company also subject to a 45-day lock-up on issuing new shares or filing registration statements.
Price Impact
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