matterport stock merger date

Under the terms of the Warrant Agreement, Matterport is entitled to redeem all of the outstanding Public Warrants if the last sales price of shares of Common Stock has been at least $18.00 per . The SEC document specifies the lockup period as " (i) the term "Lockup Period" means the period beginning on the closing date of the Business Combination Transaction and ending on the date that is 180 days after the closing date of the Business Combination Transaction; ". Lockup Expiration date : Mttr However, it was the company's all-stock merger with BMC Stock Holdings on Jan. 4 that got the year off to a fast start. Matterport Announces Third Quarter 2021 Financial Results What's more important than when is if, and it seems more than likely that the merger will happen. Under the terms of the Warrant Agreement, Matterport is entitled to redeem all of the outstanding Public Warrants if the last sales price of shares of Common Stock has been at least $18.00 per share on each of twenty trading days within a thirty-day trading period ending on the third business day prior to the date on which notice of a . 52wk Low 10.45. Real Estate Tech Firm Matterport May Go Public Via Spac Matterport, Inc. Announces Redemption of Public Warrants ... Key Data. Transaction Details. In turn . The company has raised $168 million and was valued at $355 million in 2019. Matterport's SPAC merger is now complete, adding $605 million to the company's balance sheet. 5 equities research analysts have issued 12-month price targets for Matterport's stock. Home » Matterport To Go Public Via $2.9 Billion SPAC Skip . Total revenue was $26.9 million, up 108% year over year. Washington, D.C. 20549. Gores Holdings VI today announced a July 20 meeting for shareholders to vote on the SPAC's proposed merger with Matterport, a spatial data company. Matterport Inc is a spatial data company focused on digitizing and indexing the built world. All stockholders of record of the Company's common stock as of the close of business . Maker Merger Sub II, LLC, and Matterport dated February 8, 2021 (the "Merger Agreement") and . Matterport: Great Long-Term Story, But Wait for 2022 to Buy. Matterport. Item 8.01 Other Events. In a detailed note for D.A. The Company's three-dimensional (3D) data platform enables to turn a space into a digital twin, which can be used for design, build, operate, promote, and . Koch Strategic Platforms is one of the early investors, who have contributed $310 million to the SPAC merger, at a price of $10 a . Good luck to all. The virtual tour/digital spaces company . 5 equities research analysts have issued 12-month price targets for Matterport's stock. Spatial data company Matterport (NASDAQ: MTTR) went public in July following a special-purpose acquisition company (SPAC) merger with Gores Holdings VI.Matterport received $605 million in total . It finished Monday at $24.73 a share, up 10% on the day and more than 32% since Wednesday. Class A Common Stock, par value of $0.0001 per share: MTTR: The Nasdaq Global Market: Warrants, each exercisable for one share of Class A Common Stock for $11.50 per share Once created, these digital . Terms call for Matterport to receive the proceeds from a $295 million PIPE as . Matterport (NASDAQ: MTTR) stock is one of the few tech names that is still on a winning streak. Matterport, which was founded in 2011, first announced plans to go public via a SPAC merger in February. As of Monday's close, MTTR is trading at $23.36, while its market . In addition to the consideration to be paid at the closing of the Business Combination, Matterport Stockholders (to the extent entitled to consideration) are entitled to receive their pro rata share of an additional number of earn-out shares, issuable in Class A Stock and subject to the terms provided in the Merger Agreement (the "Earn-Out Shares"), up to an aggregate of 23,460,000 shares . Its stock will trade on Nasdaq under "MTTR" ticker symbol upon closing of the SPAC merger. Subscriber revenue of $13.8 million, up 84% year over year. GHVI Matterport Inc - Ordinary Shares - Class A — Stock Price and Discussion | Stocktwits. SUNNYVALE, Calif., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR . The restricted stock units will vest quarterly over a four-year period, subject to Mr. Presunka's continued employment through the applicable vesting date. There are six distinct tranches of Earn-Out Shares, each of which will be issued if the daily volume weighted average price (based on such trading day) of one share of Class A . But don't be quick to judge Matterport by its ignominious cover—or risk missing out on one of the group's more unique opportunities. As a result of the Business Combination, Matterport has received approximately $605 million total cash, net of fees, and expenses paid in connection with the closing of the Business Combination. With user and revenue growth already high, this could be a great growth stock for a decade. Mkt Cap 5.63b. Matterport had revenue of $85.9 million in 2020, up 87% year over year, according to the statement. On average, they anticipate Matterport's stock price to reach $27.40 in the next twelve months. Annual recurring revenue grew to $63 million. Billionaire Gores backs Matterport listing with $2.9 bln blank-check deal. MTTR. Matterport's 3D technology is used in more than 130 countries by clients, which include Redfin and Marriott International. However, since going public via a SPAC merger toward the . 4. Matterport, a spatial data firm and the real estate industry's top progenitor of 3D tours, is set to go public via a merger with Gores Holdings VI, a special purpose acquisition company (SPAC . James Morris Manuel, Managing Director EMEA at Matterport, commented: "Matterport 3D visualisations provide new ways for people to analyse, manage and interact with the built world. The company saw first-quarter revenue of $26.9 million, up 108% year-over-year, and over 4.9 million . Matterport's stock closed trading Wednesday — the day before Facebook's name change — at $18.36 a share. Description 2.1* Agreement and Plan of Merger, dated as of February 7, 2021, by and among Gores Holdings VI, Inc., Maker Merger Sub, Inc., Maker Merger Sub II, LLC, and Matterport, Inc. (incorporated by reference to Exhibit 2.1 to the Company's Current Report on Form 8-K, filed with the Securities and Exchange Commission on February . By Will Ashworth December 16, 2021, 07:32 AM. But non-GAAP net loss was $14.03 million, or an adjusted loss of 6 cents per share. Gores Holdings VI Announces Registration Statement Effectiveness and Special Meeting Date. Revenue came in at $27.65 million, up 10% year-over-year (YOY). 52wk High 37.60. On Dec. 15, Matterport (NASDAQ: MTTR) announced that it would redeem all outstanding public warrants to buy MTTR stock. Item 8.01. 52wk High 37.60. Gores VI also said the SEC has declared the S-4 effective. James Morris Manuel, Managing Director EMEA at Matterport, commented: "Matterport 3D visualisations provide new ways for people to analyse, manage and interact with the built world. GHVI SPAC shareholders and sponsors will own about 15 percent of Matterport stock. Their forecasts range from $20.00 to $38.00. STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP. The merger will result in a combined company operating under the Matterport, Inc. name. GHVI Matterport Inc - Ordinary Shares - Class A — Stock Price and Discussion | Stocktwits. Source: Matterport. UNITED STATES SECURITIES AND EXCHANGE COMMISSION. Volume 126.33k. "If all of the public warrants are exercised on or prior to the redemption date, we will add approximately $79m to the balance sheet, which is additive to the $640m of gross proceeds raised in the closing of the merger in . Using Matterport, EnTRESS also helped a local architect reduce site assessment time for a new Wolverhampton City building by 40 percent. Exhibit No. Annual Recurring . From offline to online, Matterport's market leading technology platform turns buildings into data to deliver unparalleled property insights and analysis With more than 250,000 subscribers in 150 countries, the business combination will enable Matterport to accelerate global enterprise growth across industry verticals, while continuing to invest in Matterport's software, artificial . You can find that in section 7.10 of the SEC filing, which is linked . Under the terms of the Warrant Agreement, Matterport is entitled to redeem all of the outstanding Public Warrants if the last sales price of shares of Common Stock has been at least $18.00 per share on each of twenty trading days within a thirty-day trading period ending on the third business day prior to the date on which notice of a . Matterport (MTTR) defines non-GAAP net income (loss) as net income (loss), adjusted to exclude stock-based compensation expense, fair value change of warrants liabilities, fair value change of earn-out liabilities, and transaction costs associated with the recently completed merger, in order to provide investors and management with greater . This suggests a possible upside of 32.8% from the stock's current price. Matterport recently announced its second quarter results. Filed pursuant to Section 16 (a) of the Securities Exchange Act of . Matterport Inc, which makes makes 3D cameras for virtual tours of real estate, will go public through a merger with a blank-check firm backed by billionaire Alec Gores in a deal that values the combined entity at $2.9 billion, the companies said on Monday. This includes approximately $310 million from Gores Holdings VI, net of redemptions, as well as $295 million in proceeds from the . Spatial data company Matterport will start trading Friday on Nasdaq under the symbol "MTTR" after it completed its merger with special purpose acquisition company Gores Holdings VI (Nasdaq: GHVI). The merger was approved at a special meeting of Gores Holdings VI shareholders on 20 July. A Closer Look at MTTR Stock. Matterport, a spatial data company headquartered in California, will list on the Nasdaq on 22 July after merging with Gores Hold ings VI, bringing the combined value of the companies to $640m.. Matterport Inc., whose 3D cameras are used to create virtual real estate tours, on Monday said it will go public in a merger with a "blank check" company that values the combined companies at $2.9 . The restricted stock units will vest quarterly over a four-year period, subject to Mr. Presunka's continued employment through the applicable vesting date. MTTR Stock Chalks up a Big Win With Early Warrant Redemption. GHVI 23.17 0.98 (4.06%) 20. This suggests a possible upside of 32.8% from the stock's current price. Spatial data company Matterport (NASDAQ:MTTR) went public in July following a special-purpose acquisition company (SPAC) merger with Gores Holdings VI. Trading for as much as $37.60 on Dec. 1, it fell to as low as $20.16 on Dec. 15. Matterport defines non-GAAP net income (loss) as net income (loss), adjusted to exclude stock-based compensation expense, fair value change of warrants liabilities, fair value change of earn-out liabilities, and transaction costs associated with the recently completed merger, in order to provide investors and management with greater visibility . But I wouldn't mind the stock hitting $25 mid summer so let's go with July 15th. The combined company will trade as ticker MTTR and is expected to have a post-transaction enterprise value of . GAAP loss per share of $0.86, Non-GAAP loss per share of $0.06. 5 days ago - At The Mercy of the Market, Be Careful With Matterport Stock - InvestorPlace 6 days ago - 2 Monster Metaverse Stocks to Buy and Hold For The Next Decade - The Motley Fool 1 week ago - Jim Cramer, a SPAC critic, says these 3 post-merger stocks are actually worth buying - CNBC Matterport Stockholders and holders of Matterport Stock Options and Legacy Matterport RSUs are also entitled to receive a number of Earn-Out Shares comprising up to 23,460,000 shares of Class A Stock in the aggregate. At the time, the company revealed the merger would score it $640 million in capital, with . . GHVI 23.17 0.98 (4.06%) 20. Spatial . This will also have shares of GHVI stock switching over to the new MTTR ticker. The Matterport deal represents the seventh SPAC merger for Gores, and second real estate-related . Prior to the release of the quarterly results, MTTR stock was . Its all-in-one 3D data platform enables anyone to turn a space into an accurate and immersive digital twin which can be used to design, build, operate, promote, and understand any space. Lastly, I'm loving the growing # of people in this sub. The merger brought together two of the country's largest dealer networks. Using Matterport, EnTRESS also helped a local architect reduce site assessment time for a new Wolverhampton City building by 40 percent. Matterport issued Q3 metrics on Nov. 3. It's a recent special purpose acquisition company (SPAC) merger that acquired Matterport, a 3D imaging company. FORM 3. If you had invested in Matterport stock at $10.45, your return over the last 1 years would have been 122.2%, for an annualized return of 122.2% (not including any dividends or dividend reinvestments). As previously disclosed, on July 22, 2021 (the "Closing Date"), Matterport, Inc., a Delaware corporation (f/k/a Gores Holdings VI, Inc.) 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