SYDNEY, June 8, 2021 /PRNewswire/ -- Matterport, Inc.,
the leading spatial data company driving the digital transformation
of the built world which has entered into a definitive
agreement to enter into a business combination with Gores Holdings
VI (NASDAQ: GHVI, GHVIU, and GHVIW), today announced that one
of Australia's leading realtors
for sought-after Melbourne real
estate, Jellis Craig Stonnington, is accelerating its use
of Matterport 3D technology to power and differentiate its high-end
property listings with more authentic and immersive real estate
experiences for customers. Using Matterport, Jellis Craig
Stonnington reduced its annual operating expenses by nearly
AUD$200,000, achieved significant sales conversions,
and leased 80 properties sight-unseen during a
three-month period.
Jellis Craig Stonnington has also realised a number of
business efficiencies using Matterport. The company doubled the
productivity of its agents with more streamlined operations driven
by virtual viewings. With 3D listings available to prospective
buyers or tenants globally, Jellis Craig Stonnington has
closed sales or lettings directly with interstate- or
internationally-relocating clients, reducing its reliance on global
relocation agents. Jellis Craig Stonnington estimates that its
transition to listings with Matterport 3D experiences has saved it
between $150,000-$200,000 per year.
New research from Matterport confirms growing demand for 3D
listings, with data showing that 72% of renters would lease an
apartment or home without ever seeing it in person if it included a
3D tour. 95% of people surveyed said they would be more likely to
rent a property if its listing included a 3D tour. Matterport
provides dimensionally-accurate digital twins filled with rich data
to power 3D listings, enabling potential buyers and renters to
view, interact with, and more deeply understand properties.
Matterport's add-on features and integrations also give greater
insight into properties - both for potential buyers and sellers, as
well as real estate agents.
Jellis Craig Stonnington is also leveraging Matterport's
platform integration with PHORIA which unlocks detailed
intelligence and listing performance analytics to provide an
in-depth view of how clients interact with listings,
including what rooms and spaces they look at and for how long.
This information enables Jellis Craig Stonnington to better
understand prospective buyer engagement with a listing, such as
comparing which rooms are being viewed within a property and
making adjustments if inquiries are fewer than
anticipated.
Sam Nokes, Head of Property at
Jellis Craig Stonnington, commented: "Matterport technology
aligns with Jellis Craig Stonnington's commitment to progressive
thinking and innovation. As one of Melbourne's first realtors to adopt
Matterport, we initially added 3D virtual tours to rental listings
about four years ago. Since then, we have seen demand for 3D
virtual tours quadruple, as clients are impressed by their
authenticity. Matterport has enabled Jellis Craig
Stonnington to win new business, as clients know our listings
reflect the true condition of properties. We saw a surge in demand
during the pandemic which has continued, and we plan to continue
using Matterport going forward."
Bruce Wells, Asia Pacific
Managing Director at Matterport, commented: "Melbourne's real estate sector is one of the
most competitive in Australia, so
estate agents must constantly differentiate to win clients.
Matterport's technology enables real estate agents to achieve an
edge through authentic, immersive and navigable 3D experiences,
detailed analytics, and efficiency gains. By leveraging
Matterport's powerful insights and integrations, Jellis Craig is
positioning itself at the forefront of the sector's rapid
transformation, which harnesses technology to drive deeper
understanding and analysis of listing performance."
About Matterport
Matterport is leading the digital
transformation of the built world. Our groundbreaking spatial
computing platform turns buildings into data making every space
more valuable and accessible. Millions of buildings in more than
150+ countries have been transformed into immersive Matterport
digital twins to improve every part of the building lifecycle from
planning, construction, and operations to documentation, appraisal
and marketing. Learn more at matterport.com and browse a gallery of
digital twins.
In February 2021, Matterport
announced that it has entered into a definitive agreement to enter
into a business combination with Gores Holdings VI (NASDAQ: GHVI,
GHVIU, and GHVIW), a special purpose acquisition company sponsored
by an affiliate of The Gores Group, LLC, that will result in
Matterport becoming a publicly listed company. Upon closing of the
proposed business combination, the combined company will be named
"Matterport, Inc." and intends to remain listed on NASDAQ under the
ticker symbol "MTTR."
©2021 Matterport, Inc. All rights reserved. Matterport is a
registered trademark and the Matterport logo is a trademark of
Matterport, Inc. All other marks are the property of their
respective owners.
For more information, please visit
https://matterport.com/en-gb
About Jellis Craig
Jellis Craig is a leading real
estate group based in Melbourne,
Australia, that is distinguished by a commitment to
progressive thinking and innovation. Founded in 1991, the company
specialises in selling and leasing high-end properties in and
around the Australian state of Victoria.
For more information, please
visit https://www.jelliscraig.com.au/
Matterport Media Contact:
Naomi Little
Global Communications Manager
press@matterport.com
+44 203 874 6664
Investor Contact:
Soohwan Kim, CFA
VP, Investor Relations
ir@matterport.com
Forward-Looking Statements
This document contains certain forward-looking statements within
the meaning of the federal securities laws with respect to the
proposed business combination between Gores Holdings VI, Inc.
("Gores") and Matterport, Inc.
("Matterport"), including statements regarding the
benefits of the proposed business combination, the anticipated
timing of the proposed business combination, the services offered
by Matterport and the markets in which Matterport operates,
business strategies, debt levels, industry environment, potential
growth opportunities, the effects of regulations and Gores' or
Matterport's projected future results. These forward-looking
statements generally are identified by the words "believe,"
"project," "expect," "anticipate," "estimate," "intend,"
"strategy," "future," "forecast," "opportunity," "plan," "may,"
"should," "will," "would," "will be," "will continue," "will likely
result," and similar expressions (including the negative versions
of such words or expressions).
Forward-looking statements are predictions, projections and
other statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
document, including but not limited to: (i) the risk that the
proposed business combination may not be completed in a timely
manner or at all, which may adversely affect the price of Gores'
securities; (ii) the risk that the proposed business combination
may not be completed by Gores' business combination deadline and
the potential failure to obtain an extension of the business
combination deadline if sought by Gores; (iii) the failure to
satisfy the conditions to the consummation of the proposed business
combination, including the approval of the proposed business
combination by Gores' stockholders, the satisfaction of the minimum
trust account amount following redemptions by Gores' public
stockholders and the receipt of certain governmental and regulatory
approvals; (iv) the effect of the announcement or pendency of the
proposed business combination on Matterport's business
relationships, performance, and business generally; (v) risks that
the proposed business combination disrupts current plans of
Matterport and potential difficulties in Matterport employee
retention as a result of the proposed business combination; (vi)
the outcome of any legal proceedings that may be instituted against
Gores or Matterport related to the agreement and plan of merger or
the proposed business combination; (vii) the ability to maintain
the listing of Gores' securities on the NASDAQ; (viii) the price of
Gores' securities, including volatility resulting from changes in
the competitive and highly regulated industries in which Matterport
plans to operate, variations in performance across competitors,
changes in laws and regulations affecting Matterport's business and
changes in the combined capital structure; and (ix) the ability to
implement business plans, forecasts, and other expectations after
the completion of the proposed business combination, and identify
and realize additional opportunities. The foregoing list of factors
is not exhaustive. You should carefully consider the foregoing
factors and the other risks and uncertainties that will be
described in Gores final proxy statement/information
statement/prospectus contained in the registration statement on
Form S-4, including those under "Risk Factors" therein, and other
documents filed by Gores from time to time with the U.S. Securities
and Exchange Commission (the "SEC"). These filings
identify and address other important risks and uncertainties that
could cause actual events and results to differ materially from
those contained in the forward-looking statements. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and Gores and Matterport assume no obligation and, except as
required by law, do not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Neither Gores nor Matterport gives any
assurance that either Gores or Matterport will achieve its
expectations.
Additional Information and Where to Find It
In connection with the proposed business combination, Gores has
filed a registration statement on Form S-4 that includes a proxy
statement of Gores, an information statement of Matterport and a
prospectus of Gores. The proxy statement/information
statement/prospectus is not yet effective. The definitive proxy
statement/information statement/prospectus, when it is declared
effective by the SEC, will be sent to all Gores and Matterport
stockholders as of a record date to be established for voting on
the proposed business combination and the other matters to be voted
upon at a meeting of Gores' stockholders to be held to approve the
proposed business combination and other matters (the "Special
Meeting"). Gores may also file other documents regarding
the proposed business combination with the SEC. The definitive
proxy statement/information statement/prospectus will contain
important information about the proposed business combination and
the other matters to be voted upon at the Special Meeting and is
not intended to provide the basis for any investment decision or
any other decision in respect of such matters. Before making any
voting decision, investors and security holders of Gores and
Matterport are urged to read the registration statement, the proxy
statement/information statement/prospectus and all other relevant
documents filed or that will be filed with the SEC in connection
with the proposed business combination as they become available
because they will contain important information about the proposed
business combination.
Investors and security holders will be able to obtain free
copies of the proxy statement/information statement/prospectus and
all other relevant documents filed or that will be filed with the
SEC by Gores through the website maintained by the SEC at
www.sec.gov, or by directing a request to Gores Holdings VI, Inc.,
6260 Lookout Road, Boulder, CO
80301, attention: Jennifer Kwon Chou
or by contacting Morrow Sodali LLC, Gores' proxy solicitor, for
help, toll-free at (800) 662-5200 (banks and brokers can call
collect at (203) 658-9400).
Participants in Solicitation
Gores and Matterport and their respective directors and officers
may be deemed to be participants in the solicitation of proxies
from Gores' stockholders in connection with the proposed business
combination. Information about Gores' directors and executive
officers and their ownership of Gores' securities is set forth in
Gores' filings with the SEC. Additional information regarding the
interests of those persons and other persons who may be deemed
participants in the proposed business combination may be obtained
by reading the proxy statement/information statement/prospectus
regarding the proposed business combination. You may obtain free
copies of these documents as described in the preceding
paragraph.
Disclaimer
This document relates to a proposed business combination between
Gores and Matterport. This document does not constitute an offer to
sell or exchange, or the solicitation of an offer to buy or
exchange, any securities, nor shall there be any sale of securities
in any jurisdiction in which such offer, sale or exchange would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
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SOURCE Matterport