SPACInsider Logo
The Latest SPAC News and Rumors: February 17, 2022
by Marlena Haddad on 2022-02-17 at 12:03pm

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News:  Matterport announces record full year 2021 results, and Astra earns security compliance certification 

Matterport Announces Record Full Year 2021 Financial Results and More Than 500,000 Subscribers 

Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced unaudited financial results for the quarter ended December 31, 2021.

Matterport disclosed the following results:

  • Total revenue was $27.1 million, up 15% compared to fourth quarter of 2020
  • Subscription revenue was $16.5 million, up 32% compared to fourth quarter of 2020
  • Annualized Recurring Revenue (ARR) of $66.1 million
  • Total subscribers increased to 503,000, up 98% compared to fourth quarter of 2020
  • Spaces Under Management (SUM) grew to 6.7 million, up 54% compared to fourth quarter of 2020

Gores Holdings VI completed its combination with Matterport last year on July 22.

READ

Astra Earns SOC Type 2 Certification for Security Compliance

Astra (NASDAQ:ASTR), the automation platform for money movement which de-SPAC’d in July as the combination company of Holicity, Inc., has been awarded the System and Organization Controls 2 (SOC 2) Type 2 Certification, validating the company’s dedication to delivering the highest level of security to customers. SOC 2 is an auditing standard developed by the American Institute of Certified Public Accountants (AICPA) that is intended to help organizations prevent unauthorized access to their digital assets and customer data.

READ

 

Recent Posts
by Marlena Haddad on 2023-06-01 at 5:33pm

Latest SPAC Liquidations: JAWS Hurricane JAWS Hurricane Acquisition Corporation (HCNE) to Liquidate on June 16 JAWS Hurricane Acquisition Corporation (Nasdaq: HCNE) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence. As such, the Board has determined to cancel the special meeting of its stockholders,...

by Marlena Haddad on 2023-06-01 at 5:26pm

Jupiter Wellness Acquisition Corp. (NASDAQ:JWAC) announced this afternoon that it has completed its combination with Chinese carmaker Chijet. The deal was already approved by shareholders at a special meeting held on May 2, but at that time, the SPAC did not provide a timeline for the closing of the transaction. Although redemption numbers have still not...

by Nicholas Alan Clayton on 2023-06-01 at 2:41pm

The advent of summer is bringing nine lock-up expirations for de-SPAC’d companies and 10 on the sponsor side. The first change is to come for the sponsor of European Biotech Acquisition Corp., which closed its combination with Swiss pharma firm Oculis SA (NASDAQ:OCS) just three months ago. The sponsor is getting flexibility at a good...

by Marlena Haddad on 2023-06-01 at 11:34am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Lucid to raise $3B in a common stock offering from Saudi owners, Betsy Cohen says SPACs will make a comeback, and SatixFy makes another leadership change  Lucid Raising $3 Billion With More Money From...

by Kristi Marvin on 2023-06-01 at 9:36am

An article on Bloomberg yesterday announced what many in SPAC Land have been wondering after UBS acquired Credit Suisse – where was Niron Stabinsky, the Head of SPACs at Credit Suisse, going to land? The answer is Banco Santander SA, in what appears to be a massive lift of most (or nearly all) of Credit...

Privacy Policy|Terms Of Use
Copyright © 2023 SPACInsider, Inc. All Rights Reserved