PR90818

SUNNYVALE, Calif., July 23, 2021 /PRNewswire=KYODO JBN/ --

-- Company begins trading today on Nasdaq under ticker "MTTR" and invites the

world to virtually experience the iconic bell ringing ceremony at the Nasdaq

MarketSite

Matterport, Inc. ("Matterport") (Nasdaq: MTTR), the leading spatial data

company driving the digital transformation of the built world, will commence

trading today on Nasdaq under the new ticker symbol "MTTR". To mark its public

debut, the company created the world's only digital twin of the Nasdaq

Marketsite. For the first time, anyone can go behind-the-scenes in immersive 3D

to explore this iconic space, and experience that special moment behind the

podium to ring the ceremonial bell.

Video - https://www.youtube.com/watch?v=Nqavw0P21p8

Logo - https://mma.prnewswire.com/media/1519327/Matterport_Logo.jpg

"What better way to mark the significant milestone of Matterport becoming a

public company than to digitize the iconic Nasdaq MarketSite where industry

trailblazers like Matterport become public companies," said RJ Pittman, CEO of

Matterport. "We've led the digital transformation of the built world for over a

decade, so it's only fitting for us to demonstrate the power of our platform by

inviting everyone to experience it for themselves through this one-of-a-kind

digital twin. We invite the world to celebrate our public debut with Nasdaq as

we embark on our journey to help customers transform any physical space into

data and manage them from any device, anywhere in the world."

With more than four billion buildings and 20 billion spaces worldwide, the

built world is the largest undisrupted market with less than 1% digitized.

Worth an estimated $230 trillion, the global real estate market is the world's

largest asset class comprising commercial, industrial, and residential

properties as well as educational and government buildings. Matterport's

market-leading spatial data platform transforms any physical space into a

dimensionally-accurate and photorealistic digital twin, providing customers

with unparalleled data insights needed to manage spaces more effectively than

ever before. Over 330,000 subscribers in more than 150 countries have already

captured over five million spaces to better access, manage and understand

spaces - from a single property to a global portfolio of buildings.

Explore the digital twin of the Nasdaq MarketSite at go.matterport.com/MTTR (https://c212.net/c/link/?t=0&l=en&o=3237194-1&h=2925003831&u=http%3A%2F%2Fgo.matterport.com%2FMTTR&a=go.matterport.com%2FMTTR

)

About Matterport

Matterport is leading the digital transformation of the built world. Our

groundbreaking spatial data platform turns buildings into data making every

space more valuable and accessible. Millions of buildings in more than 150

countries have been transformed into immersive Matterport digital twins to

improve every part of the building lifecycle from planning, construction, and

operations to documentation, appraisal and marketing. Learn more at

matterport.com (https://c212.net/c/link/?t=0&l=en&o=3237194-1&h=3040063984&u=https%3A%2F%2Fmatterport.com%2F&a=matterport.com) and browse a gallery of digital twins (https://c212.net/c/link/?t=0&l=en&o=3237194-1&h=3351982221&u=https%3A%2F%2Fmatterport.com%2Findustries%2Fgallery&a=gallery+of+digital+twins).

@2021 All rights reserved. Matterport is a registered trademark of Matterport,

Inc., and Matterport Capture Services is a trademark of Matterport, Inc.  All

other marks are the property of their respective owners.

Investor Contact:

Soohwan Kim, CFA

VP, Investor Relations

ir@matterport.com

Media Contact:

Naomi Little

Global Communications Manager

press@matterport.com  

+44 203 874 6664

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of

the federal securities laws, including statements regarding the benefits of the

business combination, the services offered by Matterport, Inc. ("Matterport")

and the markets in which Matterport operates, business strategies, debt levels,

industry environment, potential growth opportunities, the effects of

regulations and Matterport's projected future results. These forward-looking

statements generally are identified by the words "believe," "project,"

"expect," "anticipate," "estimate," "intend," "strategy," "future," "forecast,"

"opportunity," "plan," "may," "should," "will," "would," "will be," "will

continue," "will likely result," and similar expressions (including the

negative versions of such words or expressions).

Forward-looking statements are predictions, projections and other statements

about future events that are based on current expectations and assumptions and,

as a result, are subject to risks and uncertainties. Many factors could cause

actual future events to differ materially from the forward-looking statements

in this document, including Matterport's ability to implement business plans,

forecasts, and other expectations in the industry in which Matterport competes,

and identify and realize additional opportunities. The foregoing list of

factors is not exhaustive. You should carefully consider the foregoing factors

and the other risks and uncertainties described in Gores definitive proxy

statement/information statement/prospectus contained in the registration

statement on Form S-4 filed by Gores with the U.S. Securities and Exchange

Commission (the "SEC"), including those under "Risk Factors" therein, and other

documents filed by Matterport from time to time with the SEC. These filings

identify and address other important risks and uncertainties that could cause

actual events and results to differ materially from those contained in the

forward-looking statements. Forward-looking statements speak only as of the

date they are made. Readers are cautioned not to put undue reliance on

forward-looking statements, and Matterport assumes no obligation and, except as

required by law, does not intend to update or revise these forward-looking

statements, whether as a result of new information, future events, or

otherwise. Matterport does not give any assurance that it will achieve its

expectations.

SOURCE: Matterport