Collective Growth Corporation (NASDAQ: CGRO)
("Collective Growth") reminds stockholders that the Special Meeting
of Stockholders of Collective Growth (the "Special
Meeting") to approve the pending business combination
between Collective Growth and Innoviz Technologies Ltd.
("Innoviz") is scheduled to be held on Wednesday, March
31, 2021, at 9:00 a.m., Eastern time.
Whether or not you plan to attend the virtual Special Meeting in
person and regardless of the number of shares you may own,
we urge you to vote FOR ALL proposals.
CHECK YOUR EMAIL FOR VOTING! If you hold
shares at Robinhood or Interactive Brokers
from Proxydocs.com For all others check
for an email from Proxyvote.com
Vote by Telephone: Follow the instructions
provided by your broker, bank or other nominee on the Voting
Instruction Form mailed (or e-mailed) to you. To vote via the
automated telephone service, you will need your voting control
number, which is included on the Voting Instruction Form.
Depending on how you hold your shares, you may be able to
vote without a control number by calling
Collective Growth's proxy solicitor, D.F.
King & Co., Inc., by telephone at
(800) 515-4479.
About Collective Growth CorporationCollective
Growth Corporation is a blank check company formed for the purpose
of effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses or entities. For more information, visit
www.collectivegrowthcorp.com.
About Innoviz TechnologiesInnoviz is a leading
manufacturer of high-performance, solid-state LiDAR sensors and
perception software that enable the mass production of autonomous
vehicles. Innoviz’s offerings include InnovizOne, an
automotive-grade, mass-producible LiDAR sensor, InnovizTwo, next
generation high-performance automotive-grade LiDAR sensor, and
Innoviz’s perception software, designed to complement its hardware
offerings with advanced AI and machine learning-based
classification, detection and tracking features. Innoviz is backed
by top-tier strategic partners and investors, including SoftBank
Ventures Asia, Samsung, Magna International, Aptiv, Magma Venture
Partners, Vertex Ventures, 360 Capital Partners, Harel Insurance
Investments and Financial Services, Phoenix Insurance Company and
others. For more information, visit www.innoviz.tech.
Forward Looking StatementsThis document
contains certain forward-looking statements within the meaning of
the federal securities laws with respect to the proposed
transaction between Innoviz and Collective Growth, including
statements regarding the benefits of the transaction, the
anticipated timing of the transaction, the services offered by
Innoviz and the markets in which it operates, and Innoviz’s
projected future results. These forward-looking statements
generally are identified by the words “believe,” “project,”
“expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,”
“opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,”
“will continue,” “will likely result,” and similar expressions.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
document, including but not limited to: (i) the risk that the
transaction may not be completed in a timely manner or at all,
which may adversely affect the price of Collective Growth’s
securities, (ii) the risk that the transaction may not be completed
by Collective Growth’s business combination deadline and the
potential failure to obtain an extension of the business
combination deadline if sought by Collective Growth, (iii) the
failure to satisfy the conditions to the consummation of the
transaction, including the adoption of the business combination
agreement by the shareholders of Collective Growth and Innoviz, the
satisfaction of the minimum trust account amount following
redemptions by Collective Growth’s public shareholders and the
receipt of certain governmental and regulatory approvals, (iv) the
lack of a third party valuation in determining whether or not to
pursue the proposed transaction, (v) the occurrence of any event,
change or other circumstance that could give rise to the
termination of the business combination agreement, (vi) the effect
of the announcement or pendency of the transaction on Innoviz’s
business relationships, performance, and business generally, (vii)
risks that the proposed transaction disrupts current plans of
Innoviz and potential difficulties in Innoviz employee retention as
a result of the proposed transaction, (viii) the outcome of any
legal proceedings that may be instituted against Innoviz or against
Collective Growth related to the business combination agreement or
the proposed transaction, (ix) the ability of Innoviz to list its
ordinary shares on the Nasdaq, (x) the price of Innoviz’s
securities may be volatile due to a variety of factors, including
changes in the competitive and highly regulated industries in which
Innoviz plans to operate, variations in performance across
competitors, changes in laws and regulations affecting Innoviz’s
business and changes in the combined capital structure, and (xi)
the ability to implement business plans, forecasts, and other
expectations after the completion of the proposed transaction, and
identify and realize additional opportunities. The foregoing list
of factors is not exhaustive. You should carefully consider the
foregoing factors and the other risks and uncertainties described
in the “Risk Factors” section of the Proxy Statement as well as
Collective Growth’s Annual Reports on Form 10-K, Quarterly Reports
on Form 10-Q, and other documents filed by Collective Growth from
time to time with the SEC. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and Innoviz and
Collective Growth assume no obligation and do not intend to update
or revise these forward-looking statements, whether as a result of
new information, future events, or otherwise. Neither Innoviz nor
Collective Growth gives any assurance that either Innoviz or
Collective Growth will achieve its expectations.
This communication is not intended to be all-inclusive or to
contain all the information that a person may desire in considering
in an investment in Innoviz or Collective Growth and is not
intended to form the basis of an investment decision in either
company. All subsequent written and oral forward-looking statements
concerning Innoviz and Collective Growth, the proposed transactions
or other matters and attributable to Innoviz and Collective Growth
or any person acting on their behalf are expressly qualified in
their entirety by the cautionary statements above.
Additional Information and Where to Find It
This communication is being made in respect of the proposed
merger transaction involving Collective Growth and Innoviz. Innoviz
filed the Registration Statement with the SEC, which includes
Collective Growth’s Proxy Statement, and certain related documents,
to be used at the meeting of Collective Growth stockholders to
approve the proposed business combination and related matters.
INVESTORS AND SECURITY HOLDERS OF COLLECTIVE GROWTH ARE URGED TO
READ THE PROXY STATEMENT, AND ANY AMENDMENTS THERETO AND OTHER
RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC, CAREFULLY AND
IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION ABOUT INNOVIZ, COLLECTIVE GROWTH AND
THE BUSINESS COMBINATION. The Proxy Statement has been mailed to
stockholders of Collective Growth as of March 4, 2021. Investors
and security holders will also be able to obtain copies of the
Registration Statement and other documents containing important
information about each of the companies once such documents are
filed with the SEC, without charge, at the SEC’s web site at
www.sec.gov. In addition, the documents filed by Collective
Growth may be obtained free of charge from Collective Growth’s
website at www.collectivegrowthcorp.com or by written
request to Collective Growth at Collective Growth Corporation, 1805
West Avenue, Austin, TX 78701 and the documents filed by Innoviz
may be obtained free of charge from Innoviz’s website at
www.innoviz.tech or by written request to Innoviz at Innoviz
Technologies Ltd., 2 Amal Street, Rosh HaAin, 4809202, Israel.
Participants in Solicitation
Collective Growth and Innoviz and their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from Collective Growth’s stockholders in
connection with the proposed transaction. Information about
Collective Growth’s directors and executive officers and their
ownership of Collective Growth’s securities is set forth in
Collective Growth’s filings with the SEC, including the Proxy
Statement and Collective Growth’s final prospectus filed with the
SEC on May 1, 2020. You may obtain a free copy of these documents
as described in the preceding
paragraph. Investor Contact:D.F.
King & Co., Inc.Geoffrey Weinberg / Krystal Scrudato(800)
515-4479(Banks and Brokers: (212)
269-5550)CGRO@dfking.com
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