Innoviz Shareholders Approve Reverse Split Authorization to Regain Nasdaq Compliance
INVZ is trading near its 52-week low of $0.291 (5.7% above the low).
Summary
Innoviz shareholders approved a reverse share split authorization (1-for-5 to 1-for-20) at the annual general meeting, giving the Board authority to execute a split to regain Nasdaq compliance. Directors were re-elected and PwC was ratified as auditor.
Key Events · Corporate Governance and Compliance · INVZ
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Reverse Split Authorization Approved
Shareholders approved a reverse share split at a ratio of 1-for-5 to 1-for-20, with the final ratio to be determined by the Board of Directors. This gives the Board authority to execute a split to address the Nasdaq delisting notice.
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Nasdaq Compliance Path
The reverse split authorization is the key mechanism to raise the share price above Nasdaq's $1.00 minimum bid requirement. Current share price is $0.3077, so a 1-for-5 split would imply approximately $1.54 per share, and a 1-for-20 split would imply approximately $6.15 per share.
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Director Re-elections
Amichai Steimberg, Omer Keilaf, and Alexander von Witzleben were re-elected as Class III directors until 2029. Yoav Har Even was re-elected as a Class II director until 2028.
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Auditor Ratification
Kesselman & Kesselman (PwC) was re-appointed as independent auditors for the period ending at the close of the next annual general meeting.
Analysis · INVZ · Manufacturing
Innoviz shareholders approved a reverse share split authorization at a ratio of 1-for-5 to 1-for-20, with the final ratio to be determined by the Board. This approval is the critical step the company needed to address its Nasdaq delisting notice, which was previously disclosed in the August 14 proxy statement. The Board now has the authority to execute a reverse split, which would reduce the number of outstanding shares and proportionally increase the share price — a necessary move to regain compliance with Nasdaq's $1.00 minimum bid price requirement. The approval also includes re-election of four directors and ratification of PwC as auditors, but the reverse split authorization is the market-moving element given the company's current share price of $0.3077.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, INVZ was trading at $0.31 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $91.7M. The 52-week trading range was $0.29 to $2.54. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.