Latham & Watkins Advises Matterport in its Proposed US$2.9 Billion Merger with Gores Holdings VI

Latham represents the spatial data company in a SPAC transaction that will make Matterport a publicly traded company.

February 08, 2021

Matterport, Inc., a spatial data company leading the digital transformation of the built world, and Gores Holdings VI (NASDAQ: GHVI, GHVIU, and GHVIW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, have announced that they have entered into a definitive agreement for a merger transaction that will result in Matterport becoming a publicly traded company. Upon closing of the proposed transaction, the combined company will be named “Matterport, Inc.” and is expected to be listed on NASDAQ under the ticker symbol “MTTR.” In connection with the transaction, the parties have obtained US$295 million in “PIPE” commitments from institutional investors to purchase equity in the combined company.

Latham & Watkins LLP represents Matterport, Inc. in the merger transaction and the PIPE equity placement, with a Houston-based team led by partners Ryan Maierson and Thomas Brandt, with associates Daniel Harrist, Madeleine Neet, Lexi Santa Ana, Sarah Dunn, and Matthew Cannon. Advice was also provided on tax matters by New York partner Lisa Watts, with associate Alan Kimball; on benefits and compensation matters by Bay Area partner Julie Crisp, with associate James Robinson; on antitrust matters by Washington, D.C. partner Jason Cruise and Frankfurt partner Max Hauser and Washington, D.C. counsel Sydney Smith and Peter Todaro; on compliance matters by Washington, D.C. partner Les Carnegie, with associate Elizabeth Annis; on intellectual property matters by Washington, D.C. counsel Kieran Dickinson; and on data privacy matters by Washington, D.C. partner Jennifer Archie, with associate James Smith.

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.