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
Metals Acquisition Corp. (NYSE:MTAL) announced in an 8-K this afternoon that it has entered into a silver stream equity subscription agreement, redemption backstop, and copper stream equity subscription agreement to support its combination with Glencore’s (LON:GLEN) CSA Copper Mine. On March 20, the SPAC entered into a silver stream subscription agreement with Osisko Bermuda pursuant to...
Stratim Cloud (NASDAQ:SCAQ) has entered into a definitive agreement to combine with oil and gas services provider Force Pressure at an enterprise value of $287.5 million, or 3.8x its 2022E adjusted EBITDA. The Seguin, Texas-based company provides drilling equipment and services primarily to the Eagle Ford, Permian and Haynesville basins in Texas and surrounding states....
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Electriq Power signs $300M agreement, Zapp reveals production version of i300 Carbon Launch Edition, and White & Case sues Colonnade II Electriq Power secures $300M to deploy solar + storage in California with ‘major U.S....
Fighting for digital services market share in developed markets can be uphill sledding, but what if what you are offering has no legacy competitor to replace? This week, we speak with Greg Moran, Co-Founder and CEO of Zoomcar. Zoomcar runs a ride-sharing marketplace in India, where traditional short-term rental options are rare and it announced a $456...
Digital World (NASDAQ:DWAC) announced this morning that it has replaced CEO Patrick Orlando with Eric Swider, who is stepping up from a director position. The move is the just the latest installment in a long, winding road that Digital World has taken since announcing a business combination with Trump Media and Technology Group (TMTG) all...