Innoviz Technologies (NASDAQ: INVZ) priced a registered direct offering of 66,666,667 ordinary shares. The company expects to raise approximately $30 million in gross proceeds. The deal was announced on July 28, 2026. Closing is expected to occur around July 29, 2026.
Net proceeds will support general corporate purposes and the commercialization of the Perciz brand. Perciz provides LiDAR sensor solutions for the security and defense markets.
Innoviz also released preliminary results for the second quarter of 2026. The company forecasts revenue between $17.9 million and $18.1 million. Cash and cash equivalents are expected to be approximately $48.4 million to $48.5 million as of June 30, 2026.