SCHEDULE 13G/A: Innoviz Technologies Ltd. Investor Corrects Minor Beneficial Ownership Stake in Latest SEC Filing
Beneficial Ownership Report Amendment
An amendment to a Schedule 13G filing by Magma Venture Partners and related entities corrects the reported beneficial ownership of Yahal Zilka in Innoviz Technologies Ltd. to 0.05% as of December 31, 2023.
Summary
- This document is Amendment No. 3 to a Schedule 13G filing for Innoviz Technologies Ltd. (Issuer: Ordinary Shares, no par value; CUSIP: M5R635108).
- The filing's sole purpose is to correct the number of ordinary shares beneficially owned by Yahal Zilka as of December 31, 2023.
- Yahal Zilka's corrected beneficial ownership is 83,411 ordinary shares, representing 0.05% of the outstanding ordinary shares.
- This percentage is based on a total of 164,890,091 ordinary shares of Innoviz Technologies Ltd. issued and outstanding as of November 6, 2023.
- Other reporting persons, including Modi Rosen, Magma Venture Partners General Partner Ltd., Magma Venture Capital Management IV, L.P., Magma Venture Capital IV CEO Fund, L.P., and Magma Venture Capital IV, L.P., are reported to beneficially own 0 shares (0%) as of December 31, 2023.
- No other changes were made to the holdings reported in the previous Amendment No. 2.
Sentiment
Score: 5
Explanation: The document is neutral in sentiment as it is an administrative filing correcting a minor beneficial ownership percentage and provides no operational or financial performance updates.
Future Outlook
This document is an administrative filing and does not contain any forward-looking statements or guidance.
Industry Context
This filing is an administrative update regarding beneficial ownership and does not provide information related to broader industry trends or competitive landscape within the automotive LiDAR or autonomous vehicle technology sector.
Stakeholder Impact
- Shareholders: Minimal impact, as it is a minor administrative correction to a very small beneficial ownership percentage (0.05%).
Key Dates
| Date | Description |
|---|---|
| 2023-11-06 | Date as of which 164,890,091 ordinary shares of Innoviz Technologies Ltd. were reported as issued and outstanding, used for percentage calculation. |
| 2023-12-31 | Date of event which requires filing of this statement; the date for which Yahal Zilka's beneficial ownership is corrected. |
| 2024-02-13 | Date Amendment No. 2 to the Schedule 13G was filed by the Reporting Persons. |
| 2025-04-02 | Signature date of the current Amendment No. 3 filing. |
Keywords
Innoviz Technologies, Schedule 13G, Beneficial Ownership, SEC Filing, Yahal Zilka, Magma Venture Partners, Ordinary Shares, Shareholding Correction
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