Innoviz Technologies, a technology leader of high-performance, solid-state LiDAR sensors and perception software, and Collective Growth Corporation, a Nasdaq-listed special purpose acquisition company, today announced the completion of their previously announced business combination. A team from Akin Gump advised investor Antara Capital, the anchor investor in the Innoviz private investment in public equity (PIPE) offering conducted in connection with the transaction.
The combined company will retain the Innoviz Technologies, Inc. name, and its ordinary shares and warrants are expected to commence trading tomorrow on Nasdaq under the ticker symbols “INVZ” and “INVZW.” The business combination was approved at a special meeting of Collective Growth’s stockholders held on March 31.
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The Akin Gump team advising Antara Capital comprised corporate partner Alice Hsu, tax partners Ron Nardini and Geoffrey Secol, investment management associate Cameron Clark and corporate associate Therese Detablan.