TEL AVIV, Israel and AUSTIN, Texas, April 5, 2021 /PRNewswire/ --Innoviz Technologies, a technology leader of high-performance, solid-state LiDAR sensors and perception software, and Collective Growth Corporation (NASDAQ: CGRO) today announced the completion of their previously announced business combination. CGRO. Innoviz Technologies and Collective Growth Corporation Announce Closing To see all exchange delays and terms of use please see Barchart's disclaimer. Collective Growth Corporation Announces March 31, 2021 Collective Growth Corp (CGRO) 10K Annual Reports & 10Q SEC Filings Collective Growth is looking at hemp companies that produce food and pharma products, as well as others that focus on disruptive uses of hemp for industrial purposes. Sign-up to receive the latest news and ratings for Collective Growth and its competitors with MarketBeat's FREE daily newsletter. Collective Growth trades on the OTCMKTS under the ticker symbol "CGROU.". Price Action: Shares of Collective Growth Corp. were up 2.12% at $13.50 at last check Friday. The transaction is expected to close promptly after confirmation that all closing conditions have been satisfied. In addition to Collective Growth Corp.'s $150 million, another $200 million in a private investment in public equity has been committed by investment leader Antara Capital, a New York City hedge . For more information, visit www.innoviz.tech. AUSTIN, Texas, March 30, 2021 (GLOBE NEWSWIRE) -- Collective Growth Corporation (NASDAQ: CGRO) ("Collective Growth") reminds stockholders that the Special Meeting of Stockholders of Collective Growth (the "Special Meeting") to approve the pending business combination between Collective Growth and Innoviz Technologies Ltd. (INVZ) ("Innoviz") is scheduled to be held on Wednesday, March 31, 2021 . January 25, 2023 4. Readers are cautioned not to put undue reliance on forward-looking statements, and Innoviz assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. You may obtain a free copy of these documents as described in the preceding paragraph. Hemps ability to be used as an industrial material in countless supply chains in a sustainable way makes it a valuable commodity in the post-COVID world. What is Collective Growth's stock symbol? "This is a pivotal moment for the Innoviz team and a historic one for the industry at large," said Omer Keilaf, Co-Founder and CEO of Innoviz. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. The Proxy Statement is available at www.sec.gov. It's all from Europe, says Linton. R&B Artist Tink Announces "Thanks 4 Everything" Tour in Partnership Screenshot example of actual Proxy Statement. About Innoviz TechnologiesInnoviz is a leading manufacturer of high-performance, solid-state LiDAR sensors and perception software that enable the mass production of autonomous vehicles. Austin, Texas, United States CGRO was publicly traded SPAC to bring about a merger or business combination. Bruce Linton, chief executive officer of Canopy Growth Corp., stands for a photograph in the Mother [+] Room at the Canopy Growth Corp. facility in Smith Falls, Ontario, Canada, on Tuesday, Dec. 19, 2017. This team will be led by Bruce Linton, as Chairman and CEO, having previously founded and served as Chairman and CEO of Canopy Growth (NYSE: CGC), a diversified cannabis, hemp and cannabis device company. Collective Growth Corporation Announces Final Results of Collective Growth Corporation. You should carefully consider the foregoing factors and the other risks and uncertainties described in the definitive proxy statement/prospectus filed with the SEC on March 11, 2021 and other documents filed by Innoviz from time to time with the SEC. Collective Growth Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. Forward-looking statements speak only as of the date they are made. Each unit consists of one . The Motley Fool recommends BorgWarner. . These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. from 8 AM - 9 PM ET. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Tagged: megadeals. Canopy Growth's game-changing deal with the maker of Corona beer has more than doubled the pot producer's stock price, but its chief executive officer says the global medical market is the real justification for its sky-high valuation. Latham & Watkins LLP and Meitar | Law Offices served as legal advisors to Innoviz. Celebrating 5,000 B Corps - B Corporation Our daily ratings and market update email newsletter. Why Collective Growth, RMG Acquisition, and InterPrivate Acquisition An aggregate of 891,046 shares of Class A common stock of Collective Growth were submitted for redemption by public stockholders in connection with the vote. Canopy Growth's game-changing deal with the maker of Corona beer has more than doubled the pot producer's stock price, but its chief executive officer says the global medical market is the real justification for its sky-high valuation. Adoption of EVs is expected to grow sharply over the next decade, while autonomous-vehicle technology has the potential to become dominant in certain market segments over the same time frame. Acreage Holdings Inc.'s early holders will be free to sell as many shares as they want this week for the first time since the cannabis company went public, giving them the chance to weigh in on its controversial takeover deal with Canopy Growth. The company counts heavyweight auto supplier BorgWarnerand trash-hauling giant Republic Services among its strategic investors. The Collective Growth Corporation. King & Co., Inc. Geoffrey Weinberg / Krystal Scrudato (800) 515-4479 (Banks and Brokers: (212) 269-5550) CGRO@dfking.com, All news aboutCOLLECTIVE GROWTH CORPORATION. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of Collective Growths securities, (ii) the risk that the transaction may not be completed by Collective Growths business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Collective Growth, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the business combination agreement by the shareholders of Collective Growth and Innoviz, the satisfaction of the minimum trust account amount following redemptions by Collective Growths public shareholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, (vi) the effect of the announcement or pendency of the transaction on Innovizs business relationships, performance, and business generally, (vii) risks that the proposed transaction disrupts current plans of Innoviz and potential difficulties in Innoviz employee retention as a result of the proposed transaction, (viii) the outcome of any legal proceedings that may be instituted against Innoviz or against Collective Growth related to the business combination agreement or the proposed transaction, (ix) the ability of Innoviz to list its ordinary shares on the Nasdaq, (x) the price of Innovizs securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Innoviz plans to operate, variations in performance across competitors, changes in laws and regulations affecting Innovizs business and changes in the combined capital structure, and (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. SoftBank-backed sensor maker Innoviz to go public in SPAC deal with $1. Making the world smarter, happier, and richer. The new appointees bring decades of experience leading publicly traded companies in the technology and automotive sectors as executive officers and members of boards of directors. The Special Meeting will be completely virtual and conducted via live webcast. This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the benefits of the transaction, the services offered by Innoviz and the markets in which it operates, and Innoviz's projected future results. The foregoing list of factors is not exhaustive. Innoviz is backed by top-tier strategic partners and investors, including SoftBank Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture Partners, Vertex Ventures, 360 Capital Partners, Harel Insurance Investments and Financial Services, Phoenix Insurance Company and others. Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? CGRO successfully . Export data to Excel for your own analysis. You will be responsible for creating and executing our social media strategy, social content strategy and influencer approach. Innoviz Technologies' $1.4 Billion Merger with Collective Growth Corp. December 19, 2020 April 9, 2021 Ambrogio Visconti. Buy These 2 Stocks in 2023 and Hold for the Next Decade, 2 Growth Stocks to Buy Before the Big Bull Rally, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, lidar to be essential for self-driving vehicles, Copyright, Trademark and Patent Information. The country's emerging legal producers have a chance to seize opportunities in other countries that could make them worldwide leaders, according to Linton. Canadian medical marijuana is setting the stage to go global. Austin SPAC nears deal with Israeli lidar company - Austin Business Journal Find out more about how we use your personal data in our privacy policy and cookie policy. Linton currently serves as chairman and CEO. Information about Collective Growths directors and executive officers and their ownership of Collective Growths securities is set forth in Collective Growths filings with the SEC, including the Proxy Statement and Collective Growths final prospectus filed with the SEC on May 1, 2020. Arvin, Calif., Votes Unanimously to Adopt Hemp Ordinance After According to 12 analysts, the average rating for INVZ stock is "Buy." The 12-month stock price forecast is $9.69, which is an increase of 124.83% from the latest price. This means revenue sources are increasigly diversified. With hemp being either a new or a niche industry in most parts of the globe, many companies in the industry aren't highly valued, and Collective Growth Corp. would be hard-pressed to invest all the funds in such a tight turnaround. Learn More. Canopy Growth. Collective Growth - CGROU Stock Forecast, Price & News - MarketBeat They raised $150 million to invest in hemp companies. But they couldn't Collective Growth and Innoviz and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Collective Growths stockholders in connection with the proposed transaction. The newly organized company, led by former Canopy Growth Corp. executives Bruce Linton, Tim Saunders and Geoff Whaling, was established in hopes of investing in and further developing the U.S. hemp market for hemp-derived cannabinoid and fiber products.. Collective Growth Corporation operates as a blank check company. Below are the latest news stories about Collective Growth Corp that investors may wish to consider to help them evaluate CGRO as an investment opportunity. Innoviz Technologies Ltd., an Israeli lidar startup backed by two of the world's largest automotive suppliers, is going public in a $1.4 billion reverse merger with Collective Growth Corp. Get short term trading ideas from the MarketBeat Idea Engine. National Hemp Association Chairman Aims to Build Out U.S. Hemp Supply UPDATE: Collective Growth Corp. (CGRO) Prices 15M Unit IPO at $10/Unit Collective Growth Corporation (CGRO) Company Bio. Collective Growth Corp. is a special purpose acquisition company that plans to merge with Israel's Innoviz Technologies, which develops lidar sensors.Among the start-up's investors are two . Lidar Startup Innoviz to Go Public in $1.4 Billion SPAC Deal