Foresight (FRSX)

[creakyhottie]

Interesting

Israeli tech startup Innoviz Technologies Ltd is reportedly deliberating a public listing in the U.S. through a merger with a special purpose acquisition company. Innoviz manufactures Light Detection and Ranging (LiDAR) sensors for autonomous vehicles.

What Happened: Bloomberg reports that blank check company Collective Growth Corp
CGRO
is seeking to raise between $100 million to $350 million in funding for the acquisition.

If the deal follows through, Innoviz’s merger could create a new combined entity with an aggregate valuation exceeding $1 billion.