secwatch.observer — SEC 8-K summary
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Issuer:     Matterport, Inc./DE (—)
CIK:        0001819394
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001104659-24-049761
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CoStar Group to acquire Matterport for $5.50 per share ($2.75 cash + $2.75 stock), ~$2.1B equity value
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- Total consideration of $5.50 per Matterport share: $2.75 cash plus $2.75 in CoStar Group common stock.
- Equity value of approximately $2.1 billion; enterprise value of approximately $1.6 billion.
- Voting agreement with stockholders representing ~15% of voting power to approve the merger.
- Termination fee of $50M from Matterport if it changes recommendation; $85M from CoStar if antitrust failure.
- Matterport's Board of Directors unanimously approved the merger; expected close in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819394/000110465924049761/0001104659-24-049761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819394/000110465924049761/tm2411308d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-049761

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