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.
READAstra 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.
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Cantor Equity Partners I (NASDAQ:CEPO) has entered into a definitive agreement to combine with Bitcoin Standard Treasury in a transaction that is worth about $4.8 billion. Bitcoin Standard Treasury aims to bring in capital from a number of equity instruments to build up one of the largest US-listed Bitcoin treasuries. The combined company is expected...
At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...
Solarius Capital Acquisition Corp. (NASDAQ:SOCAU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SOCAU”, Wednesday, July 16, 2025. The new SPAC plans to combine with a target in the asset management, wealth management or financial services industries. Solarius Capital’s management team...