8-K
filed February 28, 2025, 6:59 PM ET
CIK 0001819394
M&A
confidence high
sentiment positive
materiality 0.90
Matterport, Inc./DE: M&A transaction — CoStar Group closes acquisition of Matterport for $2.75 cash + 0.03552 CSGP shares per share
Matterport, Inc./DE
- Merger consideration: $2.75 cash and 0.03552 CoStar shares per Matterport share.
- Aggregate purchase price: ~$901M cash and ~11.6M CoStar shares issued.
- Matterport shares delisted from Nasdaq; trading symbol MTTR discontinued.
- Matterport board replaced; Gene Boxer appointed director; existing officers continue.
- Press release notes 14M spaces digitized, 50B sq ft across 177 countries.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Susan Repo departed as Director at Matterport, Inc./DE.
- Action
- ceased serving
- Role
- Director
Exact text from the filing
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
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Peter Hébert departed as Director at Matterport, Inc./DE.
- Action
- ceased serving
- Role
- Director
Exact text from the filing
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
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Gene Boxer was appointed as Director at Matterport, Inc./DE.
- Action
- appointed
- Role
- Director
Exact text from the filing
Gene Boxer was appointed as a director of the Company immediately following the First Effective Time
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mike Gustafson departed as Director at Matterport, Inc./DE.
- Action
- ceased serving
- Role
- Director
Exact text from the filing
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
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
R.J. Pittman departed as Director at Matterport, Inc./DE.
- Action
- ceased serving
- Role
- Director
Exact text from the filing
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
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Krikorian departed as Director at Matterport, Inc./DE.
- Action
- ceased serving
- Role
- Director
Exact text from the filing
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
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Matterport, Inc./DE: Amended and restated bylaws to be identical to Merger Sub I's bylaws at First Effective Time.
- Change
- bylaw amendment
Exact text from the filing
(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
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Matterport, Inc./DE: Amended and restated certificate of incorporation to be identical to Merger Sub I's certificate at First Effective Time.
- Change
- charter amendment
Exact text from the filing
(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
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 1.0
Matterport, Inc./DE underwent a change of control involving CoStar Group, Inc. for $2.75 in cash per Share and 0.03552 shares of common stock of Parent (closed 2025-02-28).
- Action
- change of control
- Counterparty
- CoStar Group, Inc.
- Consideration
- $2.75 in cash per Share and 0.03552 shares of common stock of Parent
- Closing
- 2025-02-28
Exact text from the filing
of the First Merger (the “First Effective Time”) (other than any cancelled Shares or Dissenting Shares (as defined in the Merger Agreement)) were converted into (i) 0.03552 shares of common stock of Parent, par value $0.01 per share (each, a “Parent Share” and such consideration, the “Per Share Stock Consideration”), subject to the right to receive
View on SEC.gov
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