Matterport, Inc. - MTTR STOCK NEWS

Trinity Capital Inc. announced it will receive approximately $59.8 million in net proceeds from selling its equity investments in Lucid Group (LCID) and Matterport (MTTR). In January 2022, it sold 1,867,973 shares of Lucid and 571,941 shares of Matterport, acquiring these positions for about $9.0 million. The estimated net realized gain for the quarter ended March 31, 2022, is projected at $50.8 million, equating to roughly $1.86 per share. The board is reviewing the 2022 dividend distribution plan based on these outcomes.

Matterport, Inc. (Nasdaq: MTTR) appointed Tom Klein as Chief Marketing Officer as part of its strategy to enhance global brand and drive growth amidst rapid expansion. Klein, with over 20 years of marketing experience, previously led Mailchimp to significant revenue growth and a successful acquisition. His role will focus on aligning marketing initiatives to capitalize on untapped market potential, emphasizing customer-centric strategies to elevate Matterport's innovative platform for the digitization of physical spaces.

Matterport, Inc. (Nasdaq: MTTR) announces a partnership with Retail VR that has led to significant cost and time savings for retailers, including luxury brands. By creating digital twins of showrooms, Retail VR eliminated the need for travel, saving 1,200 tons of carbon emissions. This innovation allows buyers to engage with collection visuals remotely. Additionally, Lactalis International used Matterport's technology to streamline product merchandising, reducing meeting times and enhancing efficiency. This collaboration highlights Matterport's role in transforming retail through immersive digital experiences.

Matterport, Inc. (Nasdaq: MTTR) has announced the appointment of Ben Corser as the Managing Director of Asia-Pacific (APAC), aiming to boost its regional growth.

With over 25 years of industry experience, Corser is expected to leverage his background in strategic growth and technology partnerships to enhance Matterport's market presence. The APAC region, holding over half of the world's population and a significant number of the tallest buildings, represents a critical opportunity for the company's expansion in 3D digital twin technology.

Matterport, Inc. (Nasdaq: MTTR) has expanded its Capture Services On-Demand into five additional countries and 21 new cities, boosting its global presence. The new locations include France, Netherlands, Ireland, Canada, and Singapore, bringing total availability to seven countries and 152 cities. This service allows trained technicians to create 3D digital twins of spaces, aiding businesses in optimizing their operations and design processes. Customer Canoa reported significant cost savings utilizing Matterport's services, highlighting the growing demand for digital transformation in the built world.

Matterport (Nasdaq: MTTR) is revolutionizing the event planning industry through its partnership with Allseated, leveraging digital twins and virtual reality technology. This collaboration has resulted in a 30% increase in sales for Allseated clients and improved operational efficiency by 60%, allowing event professionals to save significant time and costs. Matterport's immersive digital replicas enable venues to showcase spaces effectively, optimizing event planning and execution. The partnership aims to facilitate the ongoing shift to virtual and hybrid events, enhancing the overall attendee experience.

Matterport, Inc. (Nasdaq: MTTR) announced the redemption of all its publicly held warrants, resulting in the issuance of approximately 9.1 million shares of Class A common stock. This redemption, effective January 14, 2022, generated about $104.3 million in proceeds. All unexercised warrants were redeemed at a nominal price of $0.01. The company emphasized that this process has simplified its capital structure, leaving only 1.7 million total outstanding warrants. Matterport is a leader in the spatial data industry, transforming buildings into digital twins to enhance value across their lifecycles.

Matterport, Inc. (Nasdaq: MTTR) has appointed Rob Hines as Managing Director, Americas, to enhance sales and drive revenue growth across the region. Hines, with over 20 years of experience from Block.one, Oracle, and salesforce.com, is set to leverage his expertise in technology sales to meet the company's ambitious growth targets. His leadership aims to support Matterport's innovative product offerings and capture a significant addressable market, contributing to the digital transformation of the built world.

Matterport, Inc. (Nasdaq: MTTR) has completed its acquisition of Enview, Inc., enhancing its spatial data platform with advanced AI capabilities for 3D spatial data analytics. The acquisition involves 1.59 million shares of Matterport’s common stock and $35.5 million in cash. Enview's technology assists in various applications, including infrastructure protection and property analytics, aligning with Matterport's strategy to unlock the potential of spatial data. This integration is expected to improve building analysis, automated inspections, and overall operational efficiency.