Innoviz Technologies (INVZ) Registration Filing summary

Company overview and business model

• Leading Tier-1 direct supplier of high-performance, automotive-grade LiDAR sensor platforms and software stacks for autonomous driving and related markets, including passenger vehicles, robotaxis, shuttles, delivery vehicles, and trucks.

• Achieved major design wins with BMW (Level 3 platform), Volkswagen (direct LiDAR supplier for automated vehicles), and Mobileye (InnovizTwo LiDARs for Mobileye Drive platform).

• Transitioned InnovizOne to full series production in 2024, focusing new development and quoting on InnovizTwo platform.

• Expanded manufacturing capacity through contract manufacturing with Fabrinet, enabling high-volume, automotive-grade production.

• Launched InnovizSMART Long-Range LiDAR for non-automotive sectors, targeting smart cities, ITS, security, mobility, and robotics.

Financial performance and metrics

• As of June 30, 2025: $79.4 million in cash and equivalents, $151.0 million as adjusted post-offering.

• Shareholders' equity as adjusted post-offering: $164.7 million.

• Net tangible book value per share as of June 30, 2025: $0.46; as adjusted post-offering: $0.67.

• Immediate dilution to new investors: $1.03 per share at $1.70 offering price.

Use of proceeds and capital allocation

• Net proceeds from the $75 million at-the-market offering to be used for general business purposes, including R&D, commercialization, production expansion, outsourcing, and inventory.

• Proceeds expected to support liquidity in response to variability in customer payment timing.