Capital Raise

Innoviz raised 30 million dollars at a deep discount, triggering a sharp stock decline and diluting existing shareholders. Since its 2021 SPAC merger, the company has lost about 95% of its value, and its pivot to the defense sector has yet to translate into significant revenue.

Electra Real Estate, a manager of rental housing complexes in the USA, lowered its offering price and completed a 150 million shekel share issuance (approx. 6% of the company) to Menora Mivtachim and other investors. If options are exercised, the company will receive an additional 80 million shekels.