Innoviz's $1.4B SPAC Deal 'Abysmal,' Investor Tells Chancery

By Leslie A. Pappas (March 29, 2024, 6:44 PM EDT) -- A former stockholder of the special purpose acquisition company that took autonomous vehicle software provider Innoviz public has sued the architects behind the $1.4 billion merger in Delaware's Court of Chancery, accusing them of unjust enrichment and breaches of fiduciary duty and calling the transaction "abysmal" for investors....

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