Innoviz Proxy Reveals Nasdaq Delisting Risk and Reverse Split Details
INVZ is trading near its 52-week low of $0.35 (10% above the low).
Summary
Innoviz's proxy statement reveals a Nasdaq delisting notice and details a proposed reverse split (1-for-5 to 1-for-20) to regain compliance. Shareholders vote September 16.
Key Events · Corporate Governance and Compliance · INVZ
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Nasdaq Delisting Notice
Company received a Listing Qualification Notice on March 25, 2026, for closing bid price below $1.00 for 30 consecutive business days. Grace period ends September 21, 2026.
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Reverse Split Proposal
Shareholders to vote on authorizing a reverse split at a ratio between 1-for-5 and 1-for-20, with board discretion to implement by March 25, 2027.
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Authorized Share Reduction
If implemented, authorized shares would be reduced from 500 million to between 25 million and 100 million, proportionally to the split ratio.
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Annual Meeting Date
Annual general meeting scheduled for September 16, 2026, at 4:00 p.m. Israel time. Record date August 12, 2026.
Analysis · INVZ · Manufacturing
The proxy statement for the September 16 annual meeting discloses that Innoviz received a Nasdaq Listing Qualification Notice on March 25, 2026, for failing to maintain a $1.00 minimum bid price. The company has until September 21, 2026 to regain compliance. To address this, shareholders will vote on a reverse split at a ratio between 1-for-5 and 1-for-20, with the board authorized to implement it by March 25, 2027. The split would also reduce authorized shares from 500 million to between 25 million and 100 million. This is a critical governance event: without the split, the stock faces delisting, which would severely impair liquidity and investor access.
At the time of this filing, INVZ was trading at $0.39 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $106.9M. The 52-week trading range was $0.35 to $2.54. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.