Press release
Investigation announced for Investors who lost money with Innoviz Technologies Ltd. (NASDAQ: INVZ) shares
An investigation for investors in Innoviz Technologies Ltd. (NASDAQ: INVZ) shares over potential securities laws violations.
Investors who purchased shares of Innoviz Technologies Ltd. (NASDAQ: INVZ), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Innoviz Technologies Ltd. (NASDAQ: INVZ) concerning whether a series of statements by Innoviz Technologies Ltd. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Israel based Innoviz Technologies Ltd. designs and manufactures solid-state LiDAR sensors and develops perception software that enables the mass production of autonomous vehicles.
On April 5, 2021, Innoviz Technologies and Collective Growth Corporation (NASDAQ: CGRO) announced the completion of their business combination. The combined company retained the Innoviz Technologies, Inc. name, and its ordinary shares and warrants commenced trading on Nasdaq under the ticker symbols "INVZ" and "INVZW" shortly thereafter.
On March 2, 20222 Innoviz Technologies (NASDAQ: INVZ) reported operational and financial results for the fourth quarter and full year ended December 31, 2021. Among other things, Innoviz Technologies Ltd reported that its Net Loss increased from $81.51 million in 2020 to $153.55 million in 2021.
Shares of Innoviz Technologies Ltd. (NASDAQ: INVZ) declined to a slow as $2.89 per share on April 22, 2022.
On March 1, 2023, Innoviz Technologies Ltd. (NASDAQ: INVZ) provided commercial and strategic updates on its business, reported its financial results for the full year ended December 31, 2022 and announced 2023 operational and financial targets.
Those who purchased shares of Innoviz Technologies Ltd. (NASDAQ: INVZ) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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