14 Dec, 2020, 16:09 ET
NEW YORK, Dec. 14, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Collective Growth Corporation ("CGRO" or the "Company") (NASDAQ: CGRO) in connection with the Company's proposed merger with Innoviz Technologies Ltd. ("Innoviz"), a global developer of high-performance, solid-state LiDAR sensors and perception software for autonomous vehicles. Under the terms of the merger agreement, CGRO will acquire Innoviz through a reverse merger that will result in Innoviz becoming a public company traded on the NASDAQ under the ticker symbol "INVZ." The estimated post-transaction equity value of the combined company is approximately $1.4 billion.
If you own CGRO shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw is investigating whether CGRO's board acted in the best interest of CGRO's public stockholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Innoviz, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to CGRO's public stockholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
SOURCE WeissLaw LLP
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