Collective Growth Corporation today announced its stockholders have voted to approve the business combination with Innoviz Technologies.
Upon completion of the transaction, the combined company will retain the Innoviz Technologies name and its ordinary shares are expected to list on the Nasdaq under INVZ.
The combined company is expected to have an estimated equity value of approximately $1.4 billion.
Innoviz is a manufacturer of high-performance, solid-state LiDAR sensors and perception software that enable the mass production of autonomous vehicles. Read more.
