Matterport to Join Russell 2000® Index
June 27 2022 - 6:59AM
Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company
driving the digital transformation of the built world, will join
the Russell 2000® Index at the conclusion of the 2022 Russell
indexes annual reconstitution. The Russell 2000® Index is a subset
of the Russell 3000® Index composed of small-cap stocks. The annual
reconstitution will be effective after the US market opens on June
27, according to a preliminary list of additions posted June 3.
Membership in the Russell 2000 Index, which remains in place for
one year, means automatic inclusion in the appropriate growth and
value style indexes. FTSE Russell determines membership for its
Russell indexes primarily by objective, market-capitalization
rankings and style attributes.“We are pleased Matterport has been
added to the Russell 2000 Index,” said JD Fay, Chief Financial
Officer at Matterport. “This further validates the company's
industry leading position, strong execution, and significant
accomplishments over the last year including going public on the
Nasdaq and raising a total of $745 million. The Index will help to
increase awareness and extend the reach of Matterport’s compelling
value proposition for the $327 trillion asset class we call the
built world. Our key markets include the Fortune 1000 as well as
small and medium sized businesses in residential and commercial
real estate, facilities management and retail, travel and
hospitality, and insurance all over the world.”
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $12 trillion in assets
are benchmarked against Russell’s US indexes. Russell indexes are
part of FTSE Russell, a leading global index provider.
Matterport’s market-leading spatial data platform transforms any
physical space into a dimensionally accurate and photorealistic
digital twin, providing customers with unparalleled data insights
needed to manage spaces more effectively. More than 100,000
businesses use the Matterport digital twin to support their digital
transformation initiatives, including KLM, Orangetheory Fitness,
and Cushman and Wakefield and we extend the reach of our technology
through leading technology companies such as Autodesk and AWS.
For more information on the Russell Microcap® Index and the
Russell indexes reconstitution, go to the “Russell Reconstitution”
section on the FTSE Russell website. To learn how businesses can
benefit from Matterport digital twins, visit
matterport.com/enterprise.
About MatterportMatterport, Inc. (Nasdaq: MTTR)
is leading the digital transformation of the built world. Our
groundbreaking spatial data platform turns buildings into data to
make nearly every space more valuable and accessible. Millions of
buildings in more than 177 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 visit our Discover page to browse a collection
of digital twins captured by our customers.
©2022 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.
Media Contact:Patrick SantucciCommunications
Managerpress@matterport.com
Investor Contact: Soohwan Kim, CFAVP, Investor
Relationsir@matterport.com
Forward-Looking StatementsThis document contains certain
forward-looking statements within the meaning of the federal
securities laws, including statements regarding the benefits of the
business combination, the services offered by Matterport, Inc.
(“Matterport”) and the markets in which Matterport operates,
business strategies, debt levels, industry environment, potential
growth opportunities, the effects of regulations and 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 the expected benefits of Matterport’s inclusion
in the Russell 2000 Index, Matterport’s ability to implement
business plans, forecasts, and other expectations in the industry
in which Matterport competes, 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 described in documents filed by Matterport 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 Matterport assumes no obligation
and, except as required by law, does not intend to update or revise
these forward-looking statements, whether as a result of new
information, future events, or otherwise. Matterport does not give
any assurance that it will achieve its expectations.
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