Why Is Innoviz Technologies Stock Falling Tuesday?
Innoviz Technologies (INVZ) stock dropped 30% after announcing a $30M direct offering. Here is what investors need to know.
Innoviz is selling new shares to raise money, which means each old share owns a smaller piece of the company. When a company does this, people sometimes worry about how they'll use the money, so the stock price dropped.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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