Innoviz SPAC Presentation Deck

Transaction Overview Transaction Structure Valuation & Financing > Innoviz to become publicly listed through business combination with Collective Growth Corporation (NASDAQ: CGRO) in a transaction sponsored by Antara Capital LP and Perception Capital Partners LLC > CGRO is a publicly listed special purpose acquisition company with over $150m cash held in trust > Following the targeted closing of the transaction in the first quarter of 2021, the combined company is expected to be listed on NASDAQ under the ticker symbol "INVZ" > Innoviz existing shareholders would retain 100% of their equity > Innoviz existing shareholders and management would own c.71% of the combined entity post-closing › Pro forma enterprise value of ~$1.0 billion, implying a 1.8x EV / 2025E revenue multiple, an attractive valuation versus peer averages > Transaction is expected to provide up to $350 million in gross proceeds comprised of: > CGRO's $150m of cash held in trust, assuming no redemption by public shareholders > $200 million fully committed ordinary share PIPE at $10.00 per share, led by Antara Capital and includes strategic investments from Magna International, Innoviz's Tier-1 partner, Phoenix Insurance and other institutional investors › Pro forma for the transaction, Innoviz is expected to have c.$370m cash on balance sheet > No additional capital is expected to be required between now and achieving positive cash flow INNOVIZ™ TECHNOLOGIES O Innoviz Technologies Ltd. 2020 All Rights Reserved - Proprietary & Confidential. No part of this document may be reproduced or disclosed in any manner. 6

View entire presentation