As filed with the Securities and Exchange Commission on March 9, 2023
Registration No. 333-  

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933


  
INNOVIZ TECHNOLOGIES LTD.
(Exact name of Registrant as specified in its charter)



State of Israel
Not applicable
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification Number)
 
 
5 Uri Ariav Street
Bldg. C.
Nitzba 300
Rosh HaAin, Israel
4809202
(Address of Principal Executive Offices)
(Zip Code)

Innoviz Technologies Ltd. 2021 Share Incentive Plan
(Full Title of the Plan)
 
Cogency Global Inc.
122 East 42nd Street, 18th Floor
New York, NY 10168
(800) 221-0102
(Name, address, including zip code, and telephone number, including area code, of agent for service)
 
Copies to:
 
Ryan J. Maierson
Ryan J. Lynch
Latham & Watkins LLP
811 Main Street, Suite 3700
Houston, Texas 77002
Tel: (713) 546-5400
Joshua G. Kiernan
Latham & Watkins LLP
99 Bishopsgate
London EC2M 3XF
United Kingdom
Tel: (+44) (20) 7710-1000
Tuvia J. Geffen, Adv.
Naschitz, Brandes, Amir & Co.
5 Tuval Street
Tel-Aviv 6789717, Israel
Tel: +972 3-623-5000
 


 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
 
Large accelerated filer
Accelerated filer
 
 
 
 
Non-accelerated filer
Smaller reporting company
 
 
 
 
 
 
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.  


 EXPLANATORY NOTE
 
This registration statement on Form S-8 (this “Registration Statement”) is being filed with the Securities and Exchange Commission (the “SEC”) to register the offer, issuance and sale of an additional 4,909,261 ordinary shares, no par value (“Ordinary Shares’), of Innoviz Technologies Ltd. (the “Company,” the “Registrant,” “we” or “us”) issuable by the Registrant to its and/or its subsidiaries’ officers, employees, directors and consultants under the Innoviz Technologies Ltd. 2021 Share Incentive Plan (the “2021 Plan”).

On April 26, 2021, we filed with the SEC a registration statement on Form S-8 (File No. 333-255511) registering 9,820,588 Ordinary Shares that may be issued under the Innoviz Technologies Ltd. 2016 Share Incentive Plan and 19,510,820 Ordinary Shares that may be issued under the 2021 Plan.

 On May 24, 2022, we filed with the SEC a registration statement on Form S-8 (File No. 333-265169) registering an additional 1,014,520 Ordinary Shares that may be issued under the Registrant’s 2021 Plan.

The 2021 Plan provides that the number of Ordinary Shares available for issuance under the 2021 Plan will automatically increase on the first day of each calendar year of 2022 through 2031, to equal to the lesser of (A) 5% of the outstanding shares on the last day of the immediately preceding calendar year and (B) such amount as determined by our board of directors if so determined prior to January 1 of a calendar year; provided, however, that no more than 14,000,000 shares in total may be issued upon the exercise of incentive stock options, or ISOs, under the 2021 Plan.
 
The purpose of this Registration Statement is for the Registrant to register an additional 4,909,261 Ordinary Shares issuable under the 2021 Plan effective as of January 1, 2023, representing an increase to the number of Ordinary Shares available for issuance under the 2021 Plan in an amount equal to 5% of the outstanding Ordinary Shares as of December 31, 2022.

Pursuant to Instruction E of Form S-8, the contents of our prior registration statements on Form S-8 (File Nos. 333- 255511 and 333-265169) are incorporated herein by reference, and the information required by Part II is omitted, except as supplemented by the information set forth below.

PART I
 
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
 
The information called for in Part I of Form S-8 is not being filed with or included in this Form S-8 (by incorporation by reference or otherwise) in accordance with the rules and regulations of the SEC.
 
1

PART II
 
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
 
In this registration statement, Innoviz Technologies Ltd. is sometimes referred to as “Registrant,” “we,” “us” or “our.”
 
Item 3. Incorporation of Documents by Reference.
 
The SEC allows us to incorporate by reference information we filed with them, which means that we can disclose important information to you by referring you to those documents. The information incorporated by reference is considered to be part of this registration statement, and later information filed with the SEC will update and supersede this information. We hereby incorporate by reference into this registration statement the following documents previously filed with the SEC:
 
(a)
 
The Registrant’s Annual Report on Form 20-F for the year ended December 31, 2022 filed with the SEC on March 9, 2023 pursuant to Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”); and
 
(b)
 
The description of the Registrant’s Ordinary Shares contained in the Registrant’s registration statement on Form 8-A (File No. 001-40310), filed by the Registrant with the SEC under Section 12(b) of the Exchange Act on April 5, 2021 including any amendments or reports filed for the purpose of updating such description.
 
All documents that the Registrant subsequently files pursuant to Sections 13 or 15(d) of the Exchange Act prior to the filing of a post-effective amendment to the registration statement that indicates that all of the Ordinary Shares offered have been sold or that deregisters all of such shares then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be a part hereof from the date of the filing of such documents.
 
Any statement contained herein or in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such earlier statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
 
Item 8. Exhibits.
 
Exhibit
Number
 
Incorporated by Reference
Filed
Herewith 
Exhibit Description
Form
Date
Number 
 
 
 
 
 
 
4.1
Amended and Restated Articles of Association.
F-3
5/24/22
3.1
 
 
 
       
4.2
Specimen Ordinary Share Certificate.
F-4/A
2/12/21
4.5
 
 
 
       
5.1
Opinion of Naschitz, Brandes, Amir & Co., Advocates .
     
*
 
 
       
23.1
Consent of Ernst & Young LLP, independent registered public accounting firm.
     
*
 
 
       
23.2
Consent of Naschitz, Brandes, Amir & Co., Advocates (included in Exhibit 5.1).
     
*
 
 
       
24.1
Power of Attorney (included on the signature page of the Registration Statement).
     
*
 
 
       
99.1
Innoviz Technologies Ltd. 2021 Share Incentive Plan.
20-F
3/30/22
4.4
 
           
107
Calculation of Registration Fee
      *
 
2

 
SIGNATURES
 
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Tel Aviv, Israel, on this 9th day of March, 2023.

 
INNOVIZ TECHNOLOGIES LTD.
 
 
 
By: /s/ Eldar Cegla
Name: Eldar Cegla
Title: Chief Financial Officer
 
POWER OF ATTORNEY
 
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below does hereby constitute and appoint each of Omer David Keilaf and Eldar Cegla, with full power of substitution and full power to act without the other, as his or her true and lawful attorney-in-fact and agent to act for him or her in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration statement, and to file this registration statement, with all exhibits thereto, and other documents in connection therewith, with the SEC, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in order to effectuate the same as fully, to all intents and purposes, as they or he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
 
Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the date indicated.
 
NAME
 
POSITION
 
DATE
 
 
 
 
 
/s/ Omer David Keilaf 
Omer David Keilaf
 
Chief Executive Officer and Director
(Principal Executive Officer)
 
March 9, 2023
 
 
 
 
 
/s/ Eldar Cegla 
Eldar Cegla
 
Chief Financial Officer
(Principal Financial Officer and Principal Accounting Officer)
 
March 9, 2023
 
 
 
 
 
/s/ Amichai Steimberg 
Amichai Steimberg
 
Director
 
March 9, 2023
 
 
 
 
 
/s/ Aharon Aharon 
Aharon Aharon
 
Director
 
March 9, 2023
 
 
 
 
 
/s/ Dan Falk 
Dan Falk
 
Director
 
March 9, 2023
 
 
 
 
 
/s/ Ronit Maor 
Ronit Maor
 
Director
 
March 9, 2023
 
 
 
 
 
/s/ Orit Stav 
Orit Stav
 
Director
 
March 9, 2023
 
 
 
 
 
/s/ James Sheridan 
James Sheridan
 
Director
 
March 9, 2023
 

 
AUTHORIZED REPRESENTATIVE
 
Pursuant to the requirements of the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of Innoviz Technologies Ltd. has signed this registration statement on March 9th, 2023.
 
 
By: /s/ Colleen De Vries
 
Name: Colleen De Vries
 
Title: SVP on behalf of Cogency Global Inc.