Matterport, Inc. announced on February 28, 2025 (the closing date), pursuant to the Merger Agreement, (i) Merger Sub I merged with and into the company (the First Merger), with the Company surviving the First Merger as a wholly owned subsidiary of Parent (the Surviving Corporation) and (ii) immediately after the First Merger, the Surviving Corporation merged with and into Merger Sub II (the Second Merger and, together with the First Merger, the Mergers), with Merger Sub II surviving the Second Merger as a wholly owned subsidiary of Parent (the Surviving LLC). Pursuant to the Merger Agreement, at the First Effective Time, (i) the company?s amended and restated certificate of incorporation as in effect immediately prior to the First Effective Time was amended and restated in its entirety to be identical to the certificate of incorporation of Merger Sub I and (ii) the Company?s Amended and Restated Bylaws, as in effect immediately prior to the First Effective Time, were amended and restated in their entirety to be identical to the bylaws of Merger Sub I. In connection with the Mergers, at the First Effective Time, each member of the board of directors of the company ceased serving in such capacity. Pursuant to the terms of the Merger Agreement, at the First Effective Time, the directors of Merger Sub I immediately prior to the First Effective Time became the directors of the company immediately following the First Effective Time and, as a result, the following persons ceased to serve on the company?s board of directors as of the First Effective Time: R.J. Pittman, Peter Hébert, Jason Krikorian, Mike Gustafson, and Susan Repo; provided that Gene Boxer was appointed as a director of the Company immediately following the First Effective Time.
Matterport, Inc. is a digitization and datafication company. The Company’s technology platform uses spatial data collected from a variety of digital capture devices to transform physical buildings and spaces into dimensionally accurate, photorealistic digital twins that provide its subscribers access to valuable building information and insights. Its platform has set the standard for digitizing, accessing and managing buildings, spaces and places online. It has developed and scaled its three-dimensional (3D) reconstruction technology powered by Cortex, its artificial intelligence (AI)-driven software engine that uses machine learning to recreate a photorealistic, 3D virtual representation of an entire building structure, including contents, equipment and furnishings.
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Investor
Investor
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Global
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ESG MSCI
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