Innoviz Technologies Ltd. (NASDAQ: INVZ) (Innoviz), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors, and perception software, announced that it has entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of 28,776,978 units at a purchase price of US$1.39 per unit, with each unit consisting of one ordinary share and eight tenths of a warrant to purchase one ordinary share. The offering is expected to close on February 11, 2025, subject to customary closing conditions.

Latham & Watkins LLP represents Innoviz in the transaction with a corporate deal team led by Houston partners Ryan Lynch and Ryan Maierson, and Tel Aviv/London partner Joshua Kiernan, with associates Clayton Heery, Brian Bruzzo, and Andy Sorensen. Advice was also provided on tax matters by New York partner Elena Romanova, with associates Abigail Friedman and Shiyi Parsons.