SCHEDULE 13G/A: CVI Investments and Heights Capital Management Disclose 5.5% Stake in Innoviz Technologies

CVI Investments, Inc. and its investment manager, Heights Capital Management, Inc., have disclosed a combined beneficial ownership of 5.5% of Innoviz Technologies Ltd.'s Ordinary Shares.

Summary

• CVI Investments, Inc. and Heights Capital Management, Inc. (collectively, 'Reporting Persons') have filed a Schedule 13G/A, indicating their beneficial ownership in Innoviz Technologies Ltd.
• The Reporting Persons collectively beneficially own 11,510,791 Ordinary Shares of Innoviz Technologies Ltd.
• This ownership represents 5.5% of the total outstanding Ordinary Shares of Innoviz Technologies Ltd.
• Heights Capital Management, Inc. serves as the investment manager to CVI Investments, Inc. and may exercise shared voting and dispositive power over the reported shares.
• The beneficially owned shares consist of shares issuable upon the exercise of warrants to purchase shares.
• The warrants are not exercisable to the extent that beneficial ownership would exceed 9.99% of the class.
• Innoviz Technologies Ltd. had 198,961,957 Ordinary Shares outstanding as of March 1, 2025.

Sentiment

Score: 6

Explanation: The filing indicates a stable, passive institutional investment, which is generally a neutral to slightly positive signal for a company, reflecting continued investor confidence.

Positives

• The disclosure indicates continued institutional investment interest in Innoviz Technologies Ltd. by CVI Investments and Heights Capital Management.

Risks

• The exercise of warrants held by the Reporting Persons is limited such that their total beneficial ownership, including affiliates, cannot exceed 9.99% of the outstanding shares.

Future Outlook

This document, a Schedule 13G/A filing, is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.

Industry Context

This filing is a routine disclosure of institutional ownership and does not provide specific insights into broader industry trends or competitive positioning beyond indicating continued investor interest in the company.

Stakeholder Impact

• Shareholders may view the continued institutional ownership by CVI Investments and Heights Capital Management as a positive sign of investor confidence in Innoviz Technologies Ltd.

Key Dates

Keywords

Innoviz Technologies, CVI Investments, Heights Capital Management, Beneficial Ownership, Schedule 13G, Institutional Investment, Ordinary Shares, Warrants, Passive Investment