SCHEDULE 13G/A: Antara Capital Discloses Continued 5.03% Passive Stake in Innoviz Technologies

Antara Capital LP, along with its affiliates, has disclosed a passive beneficial ownership of 5.03% in Innoviz Technologies Ltd., totaling 8,483,060 ordinary shares as of December 31, 2024.

Summary

• Antara Capital LP, Antara Capital GP LLC, and Himanshu Gulati (collectively, the "Reporting Persons") have filed an Amendment No. 6 to Schedule 13G regarding their beneficial ownership in Innoviz Technologies Ltd.
• As of December 31, 2024, the Reporting Persons collectively beneficially own 8,483,060 Ordinary Shares of Innoviz Technologies Ltd.
• This represents approximately 5.03% of the Issuer's Ordinary Shares outstanding, based on 168,681,997 shares as of November 5, 2024, as reported in the Issuer's Form 6-K.
• The ownership includes 2,175,210 Ordinary Shares and options to purchase 2,780,000 Ordinary Shares held directly by Antara Capital Master Fund LP.
• Additionally, 3,527,850 Ordinary Shares are held by Managed Accounts for which Antara Capital serves as investment manager.
• The filing explicitly states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The filing indicates a significant, stable, and passive institutional investment in Innoviz Technologies, which is generally a positive signal of investor confidence. However, it does not provide new operational or financial performance data for the company itself, so the sentiment is moderately positive due to the investor's continued stake.

Positives

• A significant institutional investor, Antara Capital, maintains a substantial stake in Innoviz Technologies, indicating continued confidence in the company.
• The filing explicitly states the stake is for passive investment, not for influencing control, which can provide stability and signal a long-term investment horizon.

Future Outlook

The document is a beneficial ownership filing and does not contain forward-looking statements or guidance from Innoviz Technologies Ltd. or the reporting persons regarding the issuer's future performance.

Industry Context

This filing indicates continued institutional investor interest in Innoviz Technologies Ltd., a company operating in the automotive LiDAR and perception technology sector. The maintenance of a significant passive stake by Antara Capital suggests a long-term view on the company's potential within the evolving autonomous vehicle and advanced driver-assistance systems (ADAS) markets. While not directly commenting on industry trends, the investment itself reflects confidence in the sector's growth prospects.

Comparison to Industry Standards

• This Schedule 13G filing is a disclosure of beneficial ownership by an institutional investor and does not contain financial or operational results from Innoviz Technologies Ltd. that can be compared to global benchmarks or specific comparable companies/projects. The filing's purpose is to report a significant passive stake, not to assess company performance against industry standards.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive stake by an institutional investor like Antara Capital can provide a degree of confidence and stability, potentially influencing market perception positively.

Key Dates

Recommendation

Keywords

Innoviz Technologies, Antara Capital, Schedule 13G, Beneficial Ownership, Ordinary Shares, Passive Investment, Institutional Investor, M5R635108, Himanshu Gulati