Matterport to go public via merger with Gores Group SPAC: Reuters

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 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. The news wire noted that the combined company will have a valuation of $2.9 billion. The deal is expected to provide $640 million in proceeds to Matterport, including a private investment of $295 million from investors Tiger Global Management, Dragoneer Investment Group and Fidelity Management & Research Co.

Source: Reuters