The company is in talks to list via a merger with Gores Holding VI, a special-purpose acquisition company founded late last year by investment firm the Gores Group, Bloomberg News reported. The companies confirmed the arrangement in a press release Monday morning. However, teaser videos are automatically generated.To create a custom video, you'll have to use screen recording software to record your computer's screen while you explore the Space. SUNNYVALE, Calif., May 24, 2021-- Matterport, Inc., the leading spatial data company driving the digital transformation of the built world, today announced that its fiscal 2021 first quarter results will be released Wednesday, May 26, 2021 after market close. Matterport Makes Digitizing Spaces Quick and Easy with its New On-Demand Platform: Matterport, Inc., the leading spatial data company driving the digital transformation of the built world, today began the roll out of Matterport Capture Services™ On-Demand in twelve major U.S. cities. Terms call for Matterport to receive the proceeds from a $295 million PIPE as well as the approximately $345 million in cash held in the Gores VI trust account. May 24, 2021 - 4:15 pm. The combined company will be named Matterport, Inc. and intends to be listed on NASDAQ under the ticker symbol MTTR. Following a recent trend embraced by investors over the past year, Matterport will be joining other real estate–related companies like Opendoor and Porch.com that recently went public via a special purpose acquisition company. The merger and subsequent public debut is expected to provide Matterport with $640 million in capital with $345 million in cash coming from Gores Holdings VI … In February 2021, Matterport announced that it has entered into a definitive agreement to enter into a business combination with Gores Holdings VI … That’s the case here with Gores Holdings VI/Matterport. Following the press release, prepared remarks from Matterport management will be … Here are the stocks our experts are keeping their eye on as we head into the summer. This will also have shares of GHVI stock switching over to the new MTTR ticker. At $13.90 a share, Matterport is valued at 15.5x its 2022 estimated revenue or 9.73x 2023 estimated revenue. Matterport is the spatial hub, and with APIs, it's allowing partners to build value-generating tools on top of the data. In February 2021, Matterport announced that it has entered into a definitive agreement to enter into a business combination with Gores Holdings VI … With this merger, the combined entity will enter NASDAQ with approximately $2.3 billion and a total equity value of $2.9 billion. 5 Top Stocks for June. Watch CNBC's Squawk Box interview with Gores Senior Managing Director, Mark Stone, and Matterport CEO, RJ Pittman. Home » Matterport … From offline to online, Matterport’s market leading technology platform turns buildings into data to deliver unparalleled property insights and analysis. 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) sponsored by Gore Group, a global asset management firm. Matterport Inc, a maker of 3D cameras for virtual real estate tours, will go public through a merger with Gores Holdings VI Inc, a blank-check firm backed by the Gores Group, reported Reuters. Matterport, the spatial data company leading the digital transformation of the built world, today made TruePlan™ for Xactimate® available to its customers. Matterport, a real estate virtual-reality tech firm leader, announced plans this week to become a publicly listed company on NASDAQ. Matterport initially sold 360-degree cameras for creating virtual tours and developed cloud-based software for converting 2D images into 3D spaces. But, with promising blank-check merger opportunities falling to more reasonable prices, it’s time to seize the opportunity. Customers are rapidly bringing buildings and spaces online to access, manage, and utilize them more effectively than ever before. The merger will result in a combined company operating under the Matterport, Inc. name. February 8, 2021. Matterport to be listed on Nasdaq through merger with Gores Holdings VI Transaction proceeds will be used to scale enterprise adoption across industry verticals, fuel international growth, invest in AI and spatial data R&D, and expand its network of platform partners and developers. SUNNYVALE, Calif., May 10, 2021 /PRNewswire/ -- Matterport, Inc., the leading spatial data company driving the digital transformation of the built world, today announced that hundreds of thousands of customers around the world have brought five million … Article. His family of eight moved to Flint, Michigan in November 1968 when he was 15 years old with just $40 and two suitcases to their name. Matterport’s reverse merger deal will provide up to $640 million in gross proceeds, including $345 million in cash from the shell company Gores Holdings VI and … Latham & Watkins LLP is serving as legal advisor to Matterport in the transaction and Orrick LLP is serving as Matterport’s general corporate counsel. On the merger, Matterport CEO RJ Pittman, said: Matterport Announces Record Quarterly Financial Results Matterport Reports Revenue of $27 Million, an Increase of 108% Year over Year, While … In February 2021, GHVI and Matterport announced their merger. SUNNYVALE, Calif., June 9, 2021 /PRNewswire/ -- Matterport, Inc., the leading spatial data company driving the digital transformation of the built world, today publicly launched its Platform Partner Program for businesses looking to create and monetize apps and integrations with its market-leading platform. The merger will result in a combined company operating under the Matterport, Inc. name. It subsequently launched an iOS app that streamlined the process by enabling iPhone and iPad users to scan physical spaces, such as homes and office buildings, to easily create 3D "digital dollhouse" models. When is the GHVI-Matterport merger? First, try downloading a teaser video of your Matterport Space. The group has successfully taken many companies public including Luminar. Matterport, a real estate virtual-reality tech firm leader, announced plans this week to become a publicly listed company on NASDAQ. Real estate VR (virtual reality) company Matterport plans to go public and announced a merger with Gores Holding VI (GHVI). After a record year in 2020, the U.S. IPO market is looking strong in 2021. SUNNYVALE, Calif., June 2, 2021 /PRNewswire/ -- Matterport, Inc., the leading spatial data company driving the digital transformation of the built world, today began the roll out of Matterport … TRD Staff. The deal is expected to close in the second quarter of 2021. In this video, I will be talking about the newly announced SPAC merger between GHVI(Gores Holdings VI) and Matterport. Matterport Announces Record Quarterly Financial Results: Matterport, Inc., the leading spatial data company driving the digital transformation of the built world, today announced financial results for the quarter ended March 31, 2021. Under the terms of the merger agreement, GHVI will acquire Matterport through a reverse merger that will result in Matterport becoming a public company traded on the NASDAQ. SUNNYVALE, Calif., Feb. 8, 2021 /PRNewswire/ -- Matterport, Inc. ( "Matterport" or the "Company"), the spatial data company leading the digital transformation of … SUNNYVALE, Calif. — Matterport, Inc., the leading spatial data company driving the digital transformation of the built world, today publicly launched its Platform Partner Program for businesses looking to create and monetize apps and integrations with its market-leading platform. Transaction: Matterport. 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 … The deal is expected to close in second quarter. Maximize Rental Marketing with Property Management When it comes to effectively marketing a rental property to limit vacancy, local knowledge, and the latest technology is crucial. The deal values the equity of Matterport and Gores Holdings VI at $2. LOS ANGELES, Feb. 11, 2021 /PRNewswire/ -- Navitas Capital announced today that its portfolio company, Matterport, will be going public following a merger with Gores Holdings VI at a … 5 days ago - The Motley Fool. On the date of publication, William White did … Matterport, Inc., the spatial data company leading the digital transformation of the built world, and Gores Holdings VI, a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, announced that they have entered into a definitive agreement providing for a business combination that will result in Matterport becoming a publicly listed […] Matterport Reports Revenue of $27 Million, an Increase of 108% Year over Year, While Subscriber Growth Jumps 531% to 331,000. SYDNEY, June 8, 2021 /PRNewswire/ -- Matterport, Inc., the leading spatial data company driving the digital transformation of the built world which … The deal values the equity of Matterport and Gores Holdings VI at $2.9 billion, the companies said in a statement Monday, confirming a Bloomberg News report. Gores Holdings VI is a special purpose acquisition company set up by private equity firm Gores Group. Matterport Is in Merger Talks With Gores SPAC Katie Roof, Gillian Tan and Crystal Tse 2/5/2021. In February 2021, Matterport announced that it has entered into a definitive agreement to enter into a business combination with Gores Holdings VI (NASDAQ: GHVI, GHVIU, and GHVIW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, that will result in Matterport becoming a publicly listed company. By using our website, you accept our use of cookies. As simple as ordering an Uber, customers within a 35-mile radius of New York, Newark, Philadelphia, … The deal values it at $2.9 billion and the … Matterport had revenue of $85.9 million in 2020, up 87% year over year, according to the statement. Matterport Is in Merger Talks With Gores SPAC Katie Roof, Gillian Tan and Crystal Tse , Bloomberg News Matterport, a secure product used to show clients spaces virtually, is demonstrated at a JLL office in the Aon Center in Chicago, Illinois, U.S., on Thursday, June 24, 2020. 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) sponsored by Gore Group, a global asset management firm. GHVI stock was up 17.2% as of Friday afternoon. ET Matterport is going public in a SPAC merger with Gores Holdings VI (GHVI). This new app, which eliminates the need for high-end professional c… Gores Holdings VI's acquisition of Matterport is expected to close by the end of this quarter. The combined company will be renamed Matterport Inc. and plans to trade on the Nasdaq under the symbol MTTR. Matterport Is in Merger Talks With Gores SPAC. An innovative PropTech company that creates 3D spatial mapping tools, Matterport will now go public through a merger with Gores Holdings VI … In the company’s latest news, Matterport is now set to go public through a merger with Gores Holdings VI, a SPAC sponsored by global asset management firm, Gore Group. LOS ANGELES, Feb. 11, 2021 /PRNewswire/ -- Navitas Capital announced today that its portfolio company, Matterport, will be going public following a merger … Real estate VR tech firm Matterport to go public via SPAC Merger will push valuation of firm above $2B. Matterport Pro2 volumetric 3D VR camera. Following a recent trend embraced by investors over the past year, Matterport will be joining other real estate–related companies like Opendoor and Porch.com that recently went public via a special purpose acquisition company. Teaser videos are great ways to give people a quick preview of your 3D Space, and they're great to share on social media. This will also have shares of GHVI stock switching over to the new MTTR ticker.
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