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.
Gores VI also said the SEC has declared the S-4 effective.
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. The PIPE investment is led by institutional investors including Tiger Global Management, Senator Investment Group, Dragoneer Investment Group, Fidelity Management & Research Company, as well as funds managed by BlackRock, Miller Value Partners, Darlington Partners, Untitled Investments, and Lux Capital.
Pending shareholder approval, the combined company is expected to have a post-transaction enterprise value of approximately $2.3 billion and equity value of $2.9 billion.
Matterport will list on the Nasdaq under MTTR. Read more.
