$INVZ

Innoviz Technologies to Raise $30 Million From Registered Share Offering

Innoviz Technologies (INVZ) said Tuesday it signed a definitive deal with certain institutional investors for the sale of about 66.7 million common shares for a total of approximately $30 million.Closing of the registered direct offering is expected on or about Wednesday, and Innoviz said it plans to use the net proceeds for general business purposes, including the commercialization of Perciz.Shares of Innoviz Technologies were down 29% in Tuesday morning trading.Price: $0.45, Change: $-0.18, Percent Change: -28.98%

Innoviz Technologies Shares Fall After Goldman Sachs Downgrade

Innoviz Technologies (INVZ) shares were down 3.7% in Tuesday afternoon trading after Goldman Sachs downgraded the stock to neutral from buy, and lowered the price target to $0.75 from $1.25.Trading volume stood at more than 1.8 million shares, compared with a daily average of 2.5 million.Price: $0.65, Change: $-0.03, Percent Change: -4.41%

Goldman Sachs Downgrades Innoviz Technologies to Neutral From Buy, Adjusts Price Target to $0.75 From $1.25