{"id":516606,"date":"2021-07-22T12:50:23","date_gmt":"2021-07-22T16:50:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/c-o-r-r-e-c-t-i-o-n-matterport\/"},"modified":"2021-07-22T12:50:23","modified_gmt":"2021-07-22T16:50:23","slug":"c-o-r-r-e-c-t-i-o-n-matterport","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/c-o-r-r-e-c-t-i-o-n-matterport\/","title":{"rendered":"\/C O R R E C T I O N — Matterport\/"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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In the news release, Matterport And Gores Holdings VI Announce Closing of Business Combination, issued 22-Jul-2021<\/span> by Matterport over PR Newswire, we are advised by the company that the subheadline should read “Matterport raises $640M<\/span> gross proceeds; begins trading July 23<\/span> under ticker ‘MTTR'” as originally issued inadvertently. The complete, corrected release follows:<\/p>\n

Matterport And Gores Holdings VI Announce Closing of Business Combination<\/h3>\n

Matterport raises $640M<\/span> gross proceeds; begins trading July 23<\/span> under ticker “MTTR”<\/h4>\n

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\n SUNNYVALE<\/span>, Calif.\u00a0and LOS ANGELES<\/span>, July 22, 2021<\/span> \/PRNewswire\/ —\u00a0Matterport, Inc., the leading spatial data company driving the digital transformation of the built world, and Gores Holdings VI (NASDAQ: GHVI, GHVIU, and GHVIW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, today announced the completion of their previously announced business combination (the “Business Combination”). The combined company will be named Matterport, Inc. and will commence trading on Nasdaq under the new ticker symbol “MTTR” on July 23, 2021<\/span>. The Business Combination was approved at a special meeting of Gores Holdings VI stockholders on July 20, 2021<\/span>.<\/p>\n

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With more than four billion buildings and 20 billion spaces worldwide, the built world is the largest undisrupted market with less than 1% digitized. Worth an estimated $230 trillion<\/span>, the global real estate market is the world’s largest asset class comprising commercial, industrial, and residential properties. Matterport’s market-leading spatial data platform transforms any physical space into a dimensionally-accurate and photorealistic digital twin, providing customers with unparalleled data insights needed to manage spaces more effectively than ever before. Over 330,000 subscribers in more than 150 countries have captured over five million spaces to better access, manage and understand spaces – from a single property to a global portfolio of buildings. <\/p>\n

“Becoming a publicly traded company is a strategic transaction for Matterport that strengthens our position as the market leading spatial data company for the built world, and propels the global property market into the future,” said RJ Pittman, Chief Executive Officer and Chairman of the Board of Directors of the combined company. “We’re at the dawn of a new era for what’s possible when buildings become data. To capitalize on this extraordinary market opportunity, we plan to increase our investment in our customers’ success, scale innovation and R&D, and accelerate growth through our spatial data platform for the 20 billion spaces around the world.”<\/p>\n

The successful completion of the Business Combination is reinforced by growth initiatives that have expanded Matterport’s global reach, as well as technological innovations that have democratized the 3D capture of spaces, including:<\/p>\n