Summary by Moomoo AI
Innoviz Technologies announced its Annual General Meeting (AGM) scheduled for December 17, 2024. Key proposals include re-electing three Class I directors, approving a reverse share split at a ratio of 1-for-4 to 1-for-10, and re-appointing PwC as auditors.The reverse share split aims to raise the per-share trading price to regain Nasdaq compliance. If approved, the Board will determine the final ratio and implementation date. The company's authorized share capital would be reduced proportionately. Shareholders will also consider the 2023 audited financial statements.The Board recommends voting "FOR" all proposals. Shareholders of record as of November 5, 2024, are eligible to vote. The meeting will be held at Innoviz's offices in Rosh Ha'Ain, Israel.
