Recent Updates — INVZW
Innoviz Technologies received a notification from Nasdaq granting an additional 180-day compliance period until March 22, 2027, to regain adherence to the $1.00 minimum bid price requirement. This extension follows the company's failure to meet the initial deadline of September 21, 2026, after its shares traded below the threshold for 30 consecutive business days starting March 25, 2026. Nasdaq confirmed the company meets all other listing standards, including market value requirements. The firm intends to monitor share prices and is considering a reverse stock split within previously approved shareholder limits to restore compliance before the new deadline expires. Innoviz Technologies Ltd. operates in the automotive technology industry, specializing in the development of high-performance 3D solid-state LiDAR sensors for autonomous driving systems.
Innoviz Technologies appointed Yoav Har-Even as Chairperson of the Board, effective immediately, succeeding Amichai Steimberg who stepped down from the role but remains a board member. Har-Even, a retired IDF Major General and former CEO of Rafael Advanced Defense Systems, brings extensive defense sector experience to support the company's strategic expansion in defense and homeland security markets. Innoviz Technologies Ltd. is a leading provider of high-performance LiDAR sensor platforms for autonomous driving, defense, industrial, and smart infrastructure applications.
Innoviz Technologies Ltd. filed a Form 6-K furnishing proxy materials for its Annual General Meeting scheduled for September 16, 2026. The filing proposes shareholder approval to authorize the Board to effect a reverse share split of Ordinary Shares at a ratio between 1-for-5 and 1-for-20, with an effective date on or prior to March 25, 2027. This action aims to regain compliance with Nasdaq’s minimum bid price requirement following a Listing Qualification Notice received on March 25, 2026. The Board also seeks re-election of directors Amichai Steimberg, Omer Keilaf, Alexander von Witzleben, and Yoav Har Even, and ratification of Kesselman & Kesselman as independent auditors. Innoviz Technologies Ltd. operates in the automotive technology industry, specializing in the development of solid-state LiDAR sensors for autonomous driving systems.
Innoviz Technologies Ltd. has filed a notice for its Annual General Meeting of Shareholders scheduled for September 16, 2026. The agenda includes the re-election of directors Amichai Steimberg, Omer Keilaf, Alexander von Witzleben, and Yoav Har-Even, as well as the ratification of Kesselman & Kesselman as independent auditors. Crucially, shareholders are asked to approve a reverse share split of Ordinary Shares at a ratio ranging from 1-for-5 to 1-for-20, with the final ratio to be determined by the Board. This proposal also involves amending the Articles of Association and reducing authorized share capital proportionally. The record date for voting is August 12, 2026. Innoviz Technologies Ltd. operates in the automotive technology industry, specializing in the development of high-performance LiDAR sensors for autonomous driving systems.
Innoviz Technologies reported record Q2 2026 revenue of $18.1 million, up from $9.7 million in the prior year period, while operating expenses rose 3% to $19.1 million. The company announced a registered direct offering that closed on July 29, 2026, generating approximately $30 million in gross proceeds. Strategically, Innoviz launched its Perciz brand for defense and homeland security markets, securing its first multimillion-dollar orders totaling $3.5 million from a major defense customer on July 30. The firm also appointed Maj. Gen. (Ret.) Yoav Har-Even to its Board of Directors to support these efforts. Automotive programs with Volkswagen, Mobileye, and Daimler Truck remain on track for start-of-production, alongside the development of a LiDAR-based perception stack with a top 10 global OEM. Innoviz reiterated its full-year 2026 revenue outlook of $67–$73 million. The company operates in the automotive and defense sectors as a supplier of high-performance LiDAR sensor platforms.
Innoviz Technologies closed a registered direct offering of 66,666,667 ordinary shares on July 29, 2026, generating approximately $30 million in gross proceeds. The company intends to use the net proceeds for general business purposes, including supporting the commercialization of Perciz, its dedicated security and defense brand. Innoviz Technologies Ltd. operates in the automotive technology industry, specializing in lidar sensors for autonomous driving.