Matterport SPAC Presentation Deck
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Transaction summary
Pro forma fully diluted enterprise value of $2.3 billion, 11.2x multiple of 2022E revenue; 7.0x 2023E revenue
Current owners will retain ~75% ownership in public Matterport
Transaction will result in approximately $615 million of cash added to the balance sheet to fund growth
Sources ($M)
Cash in Trust(1)
Proceeds from PIPE Raise
Seller Rollover
Total Sources
Uses ($M)
Seller Rollover
Cash to Matterport's Balance Sheet(1)
GH VI Estimated Deal Expenses
Total Uses
$345
$295
2,189
$2,829
$2,189
615
25
$2,829
Pro Forma Valuation ($M)
Share Price
x Pro Forma Shares Outstanding
Equity Value
Less: Net Cash (2)
Enterprise Value
Enterprise Value/2022E Revenue
Pro Forma Ownership (³)
PIPE Investors
10.1%
GHVI Shareholders
11.8%
Notes:
(1) Assumes no Gores Holdings VI stockholder has exercised its redemption rights to receive cash from the trust account. This amount will be reduced by
the amount of cash used to satisfy any redemptions
(2) Based on pre-transaction net cash position of $40M and $615M net cash injection to company's balance sheet
(3) Assumes a nominal share price of $10.00. Ownership excludes impact of warrants and earn out
GHVI Sponsor
3.0%
PIPE Investors
Investor Rullover
$10.00
291.5
$2,915
655
$2,260
11.2x
Investor Rollover
75.1%
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