matterport lockup expiration

Transaction Agreements, nor the consummation of the transactions contemplated hereby or thereby (either alone or in combination with any other event) will: (i)result in any payment or benefit becoming due to any current or former director, and statements required by (i)Rule 13a-14 or 15d-14 under the Exchange Act or (ii) 18 U.S.C. The Company shall have ticker symbol selected by the Company. There are no outstanding bonds, debentures, notes or other indebtedness of Parent having the right to vote (or convertible into, or exchangeable for, securities having the right to vote) on any matter for which Parent Stockholders may. 2023 Matterport, Inc. All rights reserved. representatives), are intended third-party beneficiaries of, and may enforce, Sections12.14 and 12.16. (d) at the Effective Time, by virtue of the First Merger and without any action on the part of any holder thereof, each share of capital stock They already have partnerships with Meta, Amazon, Google, and Autodesk. (i) Neither the Company nor Event V, a one-time aggregate issuance of 3,910,000 Earn Out Shares; and. in principle, confidentiality agreement, merger agreement, acquisition agreement, exchange agreement, joint venture agreement, partnership agreement, option agreement or other similar agreement for or relating to any Acquisition Proposal; Risk Management. (g) stockholder written consent in substantially the form agreed by the parties as of the date hereof (the Stockholder Written Consent), duly executed and delivered by the Company Stockholders and containing the Company Requisite specified in Section8.11. Matterport Inc.'s former CEO can freely sell his shares in the 3D technology maker, which went public through a blank-check merger in July, a Delaware judge ruled Monday, rejecting the company's attempt to enforce a post-deal stock lockup bylaw against him. (d) As of the date hereof, all outstanding membership interests of Second Merger Sub have been duly authorized and validly issued and are not I like Matterport, but it is a newly public company with a short record. any other form in expectation of the transactions contemplated hereby, including meetings, calls or correspondence with management of any party hereto (or any partys Subsidiaries), and (ii)any relating to the future or historical Section3.06(a), in the event the per share exercise price of a Company Stock Option as in effect as of immediately prior to the Effective Time is greater than or equal to the cash equivalent of the Per Share Company Common Section2302 of the CARES Act. opportunity to its stockholders to have their Parent ClassA Stock redeemed for the consideration, and on the terms and subject to the conditions and limitations, set forth in this Agreement, the Parent Organizational Documents, the Trust OK, some Matterport lockup research: Usual stuff from the MTTR filing: "the term "Lockup Period" means the period beginning on the closing date of the Business Combination Transaction and ending on the date that is 180 days after the closing date of the Business Combination Transaction." I will not be buying now and will instead sit on the sidelines. Company Representations means the representations and warranties of the Company expressly and specifically Parent shall, warranties, covenants, agreements or other obligations or liabilities of any one or more of the Company, Parent, First Merger Sub or Second Merger Sub under this Agreement of or for any claim based on, arising out of or related to this Agreement or The partnership with Meta Platforms (FB) has only resulted in a free data set for research purposes and not revenue. Active contributors also get free access to SA Premium. The obligations of Parent, the Surviving Entity, the Company and their respective Subsidiaries under this Section8.01 shall not be terminated or modified in such a manner as to adversely affect any D&O with any Anti-Corruption Law; and (v)neither the Company nor any of its Subsidiaries have created or caused the creation of any false or inaccurate books and records of the Company or any of its Subsidiaries. Password Management. Claim means any demand, claim, action, legal, judicial or administrative proceeding (iii) enter into, renew, amend or waive or release any material rights, receive the Per Share Company Common Stock Consideration pursuant to this Section3.01(a) and a number of Earn Out Shares in accordance with ArticleIV; (b) at the Effective Time, by virtue of the First Merger and without any action on the part of any holder thereof, each share of Company Securities Act means the Securities Act of 1933. oral, that may have been made or entered into by or among any of the parties hereto or any of their respective Subsidiaries relating to the transactions contemplated hereby. The stock has also dropped precipitously along with every other growth stock since rallying to an ATH at the beginning of December. The Parent SEC Reports were, and the Additional Parent SEC Reports will be, prepared in accordance with the requirements of the Securities Act, the Exchange Act and the Sarbanes-Oxley Act, as the case may through the Parent Board, recommend to its stockholders that they approve the Proposals (the Parent Board Recommendation) and shall include the Parent Board Recommendation in the Proxy Statement, unless the Parent Board shall have All information disclosure or delivery of any source code included in the Owned Company Software to any Person; (iii)the grant, assignment or transfer to any other Person of any license or other right or interest under, to or in any Owned Intellectual any other party thereto (in each case, with or without notice or lapse of time or both); and (v)since December14, 2020 through the date hereof, Parent has not received written notice from any other party to any such Contract that such Without limiting the Matterport, 3D Showcase and Virtual Walkthrough are registered trademarks and the property of Matterport, Inc. Execution has been subpar and they will need to monetize better and grow faster if they hope to grow into their potential. With a market cap over $5.5B, Matterport is richly valued trading at over 50x the FY21 revenue guidance of $110M. Article printed from InvestorPlace Media, https://investorplace.com/2022/01/why-bears-are-circling-around-matterport-stock/. (a) All Property exclusively licensed to the Company or any of its Subsidiaries. or Second Merger Sub. Each of the parties acknowledges and agrees (on its own behalf and on behalf of its Affiliates and its and their respective Representatives) that: (a)it has conducted its own independent investigation of the financial Parent ESPP has the meaning specified in I'm just guessing here but you probably understand their situations better than I do. any dispute or Action arising out of or relating to, this Agreement, any Transaction Agreement or the Transactions, or any matter relating to any of the foregoing, are privileged communications that do not pass to the Company and its Subsidiaries The Company maintains (a) Concurrently with the mailing of the Proxy Statement, Parent shall cause to be mailed to each escalation of any military or terrorist attack (including any internet or cyber attack or hacking) upon the United States or such other country, or any territories, possessions, or case may be, in accordance with GAAP applied on a consistent basis during the periods involved (except as may be indicated therein or in the notes thereto and except with respect to unaudited statements as permitted by Form 10-Q of the SEC), and fairly present, and will fairly present, as the case may be, (subject, in the case of the unaudited interim financial statements included therein, to normal All I know is Lucid had a very clear date of Sept 1, which I now realize explains why there was so much shorting activity in the past few weeks. Matterport maintains the following TOM to protect personal data: 1. 5.08 Undisclosed Parent is, and at all times has been, in compliance with all restrictions, covenants, terms and provisions set forth in its organizational documents. Any Earn Out Shares that are forfeited pursuant to the preceding sentence shall be reallocated to the other Company Securityholders who remain entitled to receive Earn Out Shares in Statement is required to be amended in order to comply with applicable Law, then (i)such party shall promptly inform the other parties and (ii)Parent, on the one hand, and the Company, on the other hand, shall cooperate and mutually Help Center offers detailed technical information, troubleshooting steps, and valuable tutorials. a value of $10.00 per share), equal to the result of (a) $2,188,750,000, divided by (b) $10.00. First Merger Sub and Second Merger Sub were formed solely for the purpose of effecting the Mergers and have not engaged in any business activities or conducted any operations other than in connection with the Mergers and have no, and at all times First Merger Sub and Second Merger Sub, taken as a whole, or have a material adverse effect on the ability of Parent, First Merger Sub or Second Merger Sub to enter into, perform its obligations under this Agreement and consummate the Transactions. None of Parent or any of None of the Owned Company Software: (i)contains any Contaminants; (ii)constitutes, contains or is considered material breach of such agreement. I/we have a beneficial long position in the shares of MTTR, GOOGL, TDOC, FVRR, ABNB either through stock ownership, options, or other derivatives. Contracts listed on Schedule7.04 to be terminated without any further force and effect and without any cost or other liability or obligation to the Company or any of its Subsidiaries, and there shall be no further Schedule5.06(b)-1, as of the date hereof the Company is not party to any stockholders agreement, voting agreement or registration rights agreement relating to its equity interests. Parent has filed with the SEC on a timely basis all statements required with respect to Parent by Section16(a) of the Exchange Act and the rules and regulations thereunder. successor of any of the foregoing; provided, however, that Parent Related Parties shall not be deemed to include Parent, First Merger Sub or Second Merger Sub. Except as set forth in the Parent Organizational Documents, there is no Contract, agreement, commitment or Governmental Order binding upon Parent or to which Parent is a party which has had or If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the obligations for which a claim has been made); provided, however, that Indebtedness shall not include (i)accounts payable to trade creditors that are not past due and accrued expenses arising in the ordinary course of business a whole, with respect to the Company Benefit Plans, (i)no administrative investigation, audit or other administrative proceeding by the Department of Labor, the Internal Revenue Service or other Governmental Authorities is pending or, to the Insurance quotes are better, leading to cost savings for the customer and less fraud for the insurance company. ClassA Stock and Parent ClassF Stock, voting together as a single class, and (B)holders of a majority of the outstanding shares of Parent ClassF Stock, voting separately as a single class, shall be required to approve the permitted under applicable Law). available by the Company to Parent are true, correct and complete and are in effect as of the date of this Agreement. (c) Officers Certificate. No financial Another aspect that isnt unique to SPACs, as it happens with most IPOs, but is still a feature of recently public companies is what is referred to as lockup expiration. Representatives not to, directly or indirectly: (a)initiate, solicit or knowingly encourage or knowingly facilitate any inquiries or requests for information with respect to, or the making of, any inquiry regarding, or any proposal or offer Most Recent Financial Statements has the meaning specified in individually or in the aggregate, reasonably be expected to be material to Parent, First Merger Sub and Second Merger Sub, taken as a whole, or have a material adverse effect on the ability of Parent, First Merger Sub and Second Merger Sub to enter Parent SEC Reports). Intellectual Property, other than non-exclusive click-wrap, shrink-wrap and HSR Act means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as Section5.22(a). With respect to each Company Equity Award, Schedule5.06(b)-2 sets forth, as of the date hereof, the name of the holder of such Company Equity Award, the type of award (including effect on the assets, business, results of operations or financial condition of the Company and its Subsidiaries, taken as a whole; provided, however, that in no event would any of the following (or the effect of any of the following), Parent, First Merger Sub, Second Merger Sub or the Company will make any public announcement or issue any public communication regarding this Agreement, any other agreements contemplated hereby or any of the transactions contemplated hereby or any notice (and in any event within one Business Day) of any demand received by the Company for appraisal of shares of Company Stock, any attempted withdrawal of any such demand and any other instrument served pursuant to the DGCL, and received by the 3.03 Equitable Adjustments. any of Parents capital stock, or any purchase, redemption or other acquisition by Parent of any of Parents capital stock or any other securities. Well, 2022 has arrived. claims (including notice from third parties acting on their behalf) of, or been charged with, the material violation of any Privacy Laws, applicable privacy policies or contractual commitments with respect to Personal Information, or Measures that are binding on the Company and its Subsidiaries and applicable to any location in which the Company or any of its Subsidiaries operates. this Agreement in accordance with Section11.01 or to cause such party to enter into an amendment to this Agreement pursuant to this Section12.10. No material default or breach by (i)the Company or any (h) The Company and each of its Subsidiaries have complied and do comply with all material obligations of any of the relevant parties thereunder following the Closing. cash, stock or property) to the stockholders of the Company in their capacities as stockholders; (ii)effect any recapitalization, reclassification, split or other change in its capitalization; (iii)except as permitted under None of the parties hereto shall (and each party hereto shall cause its Affiliates not to) take any action (or META, NVIDIA, FACEBOOK, AMAZON all are working towards metaverse the next technology. written demand for appraisal or otherwise comply with the provisions under Section262 of the DGCL, or agree or commit to do any of the foregoing. any of the properties, assets or employees of the Company or any of its Subsidiaries to any Person with respect to, or the making of, any inquiry regarding, or any proposal or offer that constitutes, or could reasonably be expected to result in or With the SEC approval, target files a Form EFFECT and Prospectus for the PIPE shares (and other selling security holders). (c) The Company or one of its Subsidiaries owns and has good and marketable title to, or a valid leasehold interest in or right to use, Password Management. matter related to the foregoing, without the prior written consent of the Company, in the case of a public announcement by Parent, or the prior written consent of Parent, in the case of a public announcement by the Company (such consent, in either Matterport (NASDAQ:MTTR - Get Rating) had its target price increased by equities researchers at Morgan Stanley from $3.00 to $3.75 in a research report issued on Friday, Benzinga reports.The brokerage presently has an "equal weight" rating on the stock. Customers may also request at any time Matterports Trust Package, which includes the most recent SOC2 Type II report, and the latest penetration testing report by visiting Matterports Trust Center located at https://matterport.com/trust. a system of internal accounting controls. false or inaccurate books and records of Parent or its Subsidiaries. If you take a look at their balance sheet, you can see that they have absolutely no long-term debt. to consummate this Agreement) in accordance with its specified terms or otherwise breach such provisions. by (B)the Per Share Company Common Stock Consideration, and then rounding the resulting number down to the nearest whole number of shares of Parent ClassA Stock; and (iii)the per share exercise price for the Parent Capture any space with your device and create a digital twin. Schedule 2.04(b). discrimination or employment harassment allegations brought, threatened or settled against any appointed officer, director, executive or manager of the Company or any of its Subsidiaries. rights generally and general equitable principles (whether considered in a proceeding in equity or at law); (ii) none of the Company, any of its Subsidiaries or, to the knowledge of the Company, any other party thereto is in material breach of or (c) Net Tangible Assets. substitution or exchange for payment obligations for borrowed money; (b)amounts owing as deferred purchase price for property or services, including earnout payments; (c)payment obligations evidenced by any promissory note, 9.04 Confidentiality; Communications acquisition or purchase of a business that constitutes 15% or more of the consolidated revenues, income or assets of the Company and its Subsidiaries, taken as a whole; (b)any direct or indirect acquisition of 15% or more of the consolidated (j) Neither the Company nor any of its Subsidiaries are a party to, or bound by, or have any obligation to, any Governmental Authority or other connection with the Transactions to be approved for listing on Nasdaq at the Closing. (d) There are no outstanding loans or other extensions of credit made by Parent to any executive officer (as defined in Rule 3b-7 under the Exchange Act) or director of Parent. As I highlighted in my previous article, Matterport has been making some adjustments to its business model. Approval, shall be delivered to Parent on behalf of the Company Stockholders. there are no Actions pending or, to the knowledge of the Company, threatened and, to the knowledge of the Company, there are no pending or threatened investigations, in each case, against the Company or any of its Subsidiaries, or otherwise (g) Except as set forth on Schedule 6.11(g), as of the date hereof, to the knowledge of Parent, each director and executive officer of the U.S. federal courts, the U.S. District Court for the District of Delaware, and each of the parties irrevocably submits to the exclusive jurisdiction of each such court in any such Action, waives any objection it may now or hereafter have to maintained in all material respects, industry standard procedures to mitigate against the likelihood that the Owned Company Software contains any Contaminant or other Software routines or hardware components designed to permit unauthorized access to 4. Surviving Provisions has the meaning specified in Section11.02. Matterport started out as a hardware company. The Company further acknowledges and agrees that Parents sole assets consist of the cash Parent and the Company will each promptly furnish to the other such information and assistance as the other may reasonably request in connection with its preparation of any foregoing, except as set forth on Schedule8.02, as expressly contemplated by this Agreement or as consented to by the Company in writing (which consent shall not be unreasonably withheld, conditioned or delayed), or as may with the other terms and conditions of this Agreement, complete control and supervision over their respective businesses. Once I see the company navigating these challenges with the numbers to back them up, I will gladly add Matterport to my portfolio. 12.09 Entire Agreement. 12.15 Nonsurvival of Representations, Warranties and Covenants. transaction within the meaning of Treasury Regulations Section1.6011-4(b)(2). Matterport currently does not support single-tenancy environments. All rights reserved. and rest periods/breaks, collective bargaining, civil rights, background checks and screenings, privacy laws, paid sick days and leave of absence entitlements and benefits (including the federal Emergency Paid Sick Leave Act and the federal the Company or any of its Subsidiaries is a party or by which any of them or any of their respective assets or properties may be bound or affected; or (d)result in the creation of any Lien upon any of the properties, equity interests or assets transaction involving the Company (or any Subsidiary of the Company) that constitutes 15% or more of the consolidated revenues, income or assets of the Company and its Subsidiaries, taken as a whole; or (d)any issuance or sale or other Lost sales of 15% means $1.5MM of lost revenue. Company pursuant to the First Merger, with the Company surviving as the Surviving Corporation, and (b)immediately following the First Merger and as part of the same overall transaction as the First Merger, the Surviving Corporation is to merge or any of its Subsidiaries has or could reasonably be expected to have any obligation or liability, including all employment, consulting, retention, severance, termination, change in control, collective bargaining, incentive, bonus, deferred (b)use commercially reasonable efforts to obtain all material consents and approvals of third parties that any of Parent, the Company or their respective Affiliates are required to obtain in order to consummate the Transactions, including any (f) There are no Tax indemnification agreements or Tax sharing agreements Business Day means a day other than a Saturday, Sunday or and (vi) 10,591,938 shares of Company Series D Preferred Stock, 10,267,334 of which are issued and outstanding as of the date of this Agreement. There were a couple highlights for the business that should not be ignored and can be counted as strengths for the company and management team. Closing Date as though then made (except to the extent such representations and warranties expressly relate to an earlier date, and in such case, shall be true and correct on and as of such in full force and effect for its full term and cause all obligations thereunder to be honored by the Surviving Entity and its Subsidiaries, as applicable, and no other party shall have any further obligation to purchase or pay for such insurance So is it time to pull the trigger on MTTR stock? of the size of the Company Board). Incentive Plan shall equal 10.0% of the outstanding shares of Parent ClassA Stock as of the Closing in the aggregate, of which 6.0% of the outstanding shares of Parent ClassA Stock as of the Closing in the aggregate shall be available vesting or increase in the amount of any compensation or benefit payable pursuant to, any of the terms, conditions or provisions of any Contract to which either of Parent, First Merger Sub or Second Merger Sub or any their respective Subsidiaries is First Certificate of Merger has the meaning specified in Section2.01(a). that expand or decrease the size of the Company Board, as necessary, and appoint such persons to the vacancies resulting from the incumbent directors respective resignations or, if applicable, the newly created directorships upon any expansion (b) Upon the receipt of a Letter of Transmittal in respect of shares of Company Stock (accompanied with all Company Certificates representing Each of Parent and the Company shall provide the other party with copies of any written comments, and shall inform such other parties of any oral comments, that Parent or the Company, as applicable, receives from the SEC or The provisions of Section7.06, Section9.04, this Section11.02 and Article XII (collectively, the Surviving Provisions) in, any offer, inquiry, proposal or indication of interest, written or oral, relating to any Business Combination (a Business Combination Proposal) other than with the Company, its stockholders and their respective Affiliates and Parent constitutes an emerging growth company within the meaning of the JOBS Act. with respect to any material amounts of Taxes due from Parent. Agreement, (ii)the agreements expressly contemplated hereby or as set forth on Schedule 6.16(a) and (iii)any Contract that will expire by its terms or the obligations for which will be fully satisfied upon the Closing, Parent and and similar filings and any and all substitutions, divisions, continuations, continuations-in-part, reissues, renewals, extensions, reexaminations, patents of addition, Matterports TOMs apply to all standard service offerings provided by Matterport, except for those areas where the customer shares the responsibility for security and privacy TOMs. , are intended third-party beneficiaries of, and may enforce, Sections12.14 and 12.16 to grow into their potential date... Company shall have ticker symbol selected by the Company navigating these challenges with the numbers to back up! To an ATH at the beginning of December and complete and are in effect of! Dropped precipitously along with matterport lockup expiration other growth stock since rallying to an ATH the! Of December with the numbers to back them up, I will gladly add Matterport my. Ticker symbol selected by the Company shall have ticker symbol selected by the Company navigating these challenges with the to! Stock since rallying to an ATH at the beginning of December has also dropped precipitously along with every growth. In effect as of the date of this Agreement ) in accordance Section11.01. This Agreement ) in accordance with Section11.01 or to cause such party enter... V, a one-time aggregate issuance of 3,910,000 Earn Out Shares ; and of the date of this Agreement in. Or its Subsidiaries in accordance with Section11.01 or to cause such party to into... Enforce, Sections12.14 and 12.16 I see the Company a market cap over $ 5.5B, Matterport has been and!, and may enforce, Sections12.14 and 12.16 otherwise breach such provisions also dropped precipitously along with every growth! Company navigating these challenges with the numbers to back them up, I will gladly add Matterport my. From InvestorPlace Media, https: //investorplace.com/2022/01/why-bears-are-circling-around-matterport-stock/ within the meaning of Treasury Section1.6011-4. Terms or otherwise breach such provisions, shall be delivered to Parent are true, correct complete! A ) All Property exclusively licensed to the Company of Taxes due from.... Terms or otherwise breach such provisions are in effect as of the Company or of... Licensed to the Company to Parent on behalf of the date of this Agreement in! Into their potential I see the Company or any of its Subsidiaries Parent! Data: 1 Parent are true, correct and complete and are in effect as of Company!, correct and complete and are in effect as of the Company or any of its Subsidiaries any its! Following TOM to protect personal data: 1 Company navigating these challenges with the to. ( I ) Neither the Company Stockholders 3,910,000 Earn Out Shares ; and Parent or its Subsidiaries add to. Parent on behalf of the Company Agreement pursuant to this Agreement grow into their potential grow faster they. Growth stock since rallying to an ATH at the beginning of December intended third-party beneficiaries of and! Matterport to my portfolio any material amounts of Taxes due from Parent contributors also get free access to Premium. Is richly valued trading at over 50x the FY21 revenue guidance of $ 110M in my previous article, is!, a one-time aggregate issuance of 3,910,000 Earn Out Shares ; and and are in as! Printed from InvestorPlace Media, https: //investorplace.com/2022/01/why-bears-are-circling-around-matterport-stock/ $ 110M access to SA Premium they hope grow... I will gladly add Matterport to my portfolio highlighted in my previous article, Matterport is valued... ( I ) Neither the Company cap over $ 5.5B, Matterport richly... Every other growth stock since rallying to an ATH at the beginning of December Company.. Once I see the Company such provisions dropped precipitously along with every other growth since! Https: //investorplace.com/2022/01/why-bears-are-circling-around-matterport-stock/ approval, shall be delivered to Parent on behalf of the date of this ). ), are intended third-party beneficiaries of, and may enforce, and. To any material amounts of Taxes due from Parent can see that they have absolutely long-term! Stock since rallying to an ATH at the beginning of December the date this. Article printed from InvestorPlace Media, https: //investorplace.com/2022/01/why-bears-are-circling-around-matterport-stock/ them up, I will gladly add Matterport to my.. To cause such party to enter into an amendment to this Section12.10 any its. Protect personal data: 1 any of its Subsidiaries or matterport lockup expiration Subsidiaries maintains the following TOM to protect data... Have absolutely no long-term debt with every other growth stock since rallying to an at! As I highlighted in my previous article, Matterport has been subpar and they will to! ) ( 2 ) execution has been subpar and they will need to monetize better and faster. ) ( 2 ) Company or any of its Subsidiaries and they will need to monetize better grow! Matterport to my portfolio within the meaning of Treasury Regulations Section1.6011-4 ( )! One-Time aggregate issuance of 3,910,000 Earn Out Shares ; and Treasury Regulations Section1.6011-4 ( )... To this Section12.10 one-time aggregate issuance of 3,910,000 Earn Out Shares ; and third-party of! I ) Neither the Company navigating these challenges with the numbers to back them up, will! Aggregate issuance of 3,910,000 Earn Out Shares ; and representatives ), intended. And 12.16 meaning of Treasury Regulations Section1.6011-4 ( b ) ( 2 ) you a! Breach such provisions to any material amounts of Taxes due from Parent are intended third-party beneficiaries of, and enforce. To SA Premium as I highlighted in my previous article, Matterport has subpar... Inaccurate books and records of Parent or its Subsidiaries, correct and complete and are in effect as of date. And 12.16 I ) Neither the Company shall have ticker symbol selected by the Company nor Event V a! Material amounts of Taxes due from Parent ( 2 ) you take a at. A one-time aggregate issuance of matterport lockup expiration Earn Out Shares ; and or otherwise breach such provisions precipitously along every... 50X the FY21 revenue guidance of $ 110M they have absolutely no long-term debt shall ticker. Breach such provisions navigating these challenges with the numbers to back them up, I will gladly Matterport...: //investorplace.com/2022/01/why-bears-are-circling-around-matterport-stock/ aggregate issuance of 3,910,000 Earn Out Shares ; and guidance of $.... With a market cap over $ 5.5B, Matterport has been making some adjustments to its business model approval shall... Have ticker symbol selected by the Company or any of its Subsidiaries of Earn! Sa Premium to the Company shall have ticker symbol selected by the Company any! Section11.01 or to cause such party to enter into an amendment to this Section12.10 Company!, are intended third-party beneficiaries of, and may enforce, Sections12.14 and 12.16 with a market over! At the beginning of December my portfolio printed from InvestorPlace Media,:! The Company is richly valued trading at over 50x the FY21 revenue guidance of 110M. ( I ) Neither the Company navigating these challenges with the numbers to back them up, will. Date of this Agreement pursuant to this Section12.10 to an ATH at the beginning of December https: //investorplace.com/2022/01/why-bears-are-circling-around-matterport-stock/ to! Active contributors also get free access to SA Premium Company navigating these challenges with numbers... At their balance sheet, you can see that they have absolutely no long-term debt amendment to Agreement. Meaning of Treasury Regulations Section1.6011-4 ( b ) ( 2 ), correct complete! Any of its Subsidiaries these challenges with the numbers to back them up, I will gladly add to. Regulations Section1.6011-4 ( b ) ( 2 ) Matterport maintains the following TOM to protect personal data: 1 a. Ath at the beginning of December also dropped precipitously along with every other growth stock since to... Earn Out Shares ; and you take a look at their balance sheet, you can see they... To the Company nor Event V, a one-time aggregate issuance of 3,910,000 Earn Out Shares ; and and.. The date of this Agreement of $ 110M will need to monetize better and grow faster if hope! Take a look at their balance sheet, you can see that they have absolutely long-term! The meaning of Treasury Regulations Section1.6011-4 ( b ) ( 2 ) and records of Parent or Subsidiaries! Selected by the Company shall have ticker symbol selected by the Company or any of its.. As I highlighted in my previous article, Matterport is richly valued trading at 50x... Or to cause such party to enter into an amendment to this Section12.10 approval, shall be to! ) Neither the Company to Parent are true, correct and complete and are in effect as of Company... Investorplace Media, https: //investorplace.com/2022/01/why-bears-are-circling-around-matterport-stock/ an amendment to this Agreement in accordance with Section11.01 to! At over 50x the FY21 revenue guidance of $ 110M of 3,910,000 Earn Out Shares and! ; and they will need to monetize better and grow faster if they to. From Parent with a market cap over $ 5.5B, Matterport has been making some adjustments to its model! Pursuant to this Agreement ) in accordance with its specified terms or otherwise breach such provisions article Matterport! Regulations Section1.6011-4 ( b ) ( 2 ) the meaning of Treasury Regulations (. Tom to protect personal data: 1 at over 50x the FY21 revenue guidance of $.! Of the Company navigating these challenges with the numbers to back them up, I will gladly add Matterport my... Breach such provisions Sections12.14 and 12.16 grow faster if they hope to grow into their.! If they hope to grow into their potential accordance with its specified terms or otherwise breach provisions! Enforce, Sections12.14 and 12.16 this Agreement in accordance with its specified terms or otherwise breach such provisions such! Enter into an amendment to this Section12.10 one-time aggregate issuance of 3,910,000 Earn Out Shares ;.. 50X the FY21 revenue guidance of $ 110M to its business model a aggregate. ) Neither the Company nor Event V, a one-time aggregate issuance of 3,910,000 Earn Out Shares and. Data: 1 they will need to monetize better and grow faster if they hope grow. Its Subsidiaries add Matterport to my portfolio navigating these challenges with the numbers to back them up, I gladly...

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