Innoviz Technologies is an Israeli company that develops LiDAR sensors for self-driving cars. The company is expected to go public via a merger with Collective Growth Corporation, a special purpose acquisition company (SPAC).
LiDAR technology company Innoviz Technologies is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. No date has been announced yet.
The SPAC, Collective Growth Corporation, originally went public in 2019. After the merger, the company will trade on the Nasdaq under the ticker "INVZ."
Once Innoviz goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
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