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Matterport (MTTR) up 4% on warrant purchase news

By Joyanta Acharjee

16:17, 16 December 2021

A close-up view of a Matterport 3D camera
Matterport says it could add approximately $79m to the balance sheet – Photo: Shutterstock

Matterport (MTTR) stock rose on Thursday as the spatial data company said it will redeem all 6.9 million outstanding warrants to buy its shares, adding to its balance sheet.

"If all of the public warrants are exercised on or prior to the redemption date, we will add approximately $79m to the balance sheet, which is additive to the $640m of gross proceeds raised in the closing of the merger in July 2021,” Matterport CFO JD Fay said in a press release.

On Thursday the stock rose by as much as 4%. As at 11:20am EST (UTC-5) the stock shed 32 cents at $22.01.


2,036.82 Price
-0.370% 1D Chg, %
Long position overnight fee -0.0196%
Short position overnight fee 0.0114%
Overnight fee time 22:00 (UTC)
Spread 0.30


37,849.05 Price
+0.160% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

Oil - Crude

76.14 Price
-2.090% 1D Chg, %
Long position overnight fee -0.0165%
Short position overnight fee -0.0054%
Overnight fee time 22:00 (UTC)
Spread 0.040


0.61 Price
-0.550% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 22:00 (UTC)
Spread 0.01168

3D digital twin

Founded in 2011, Matterport turns any physical space into an immersive 3D digital twin for use in the markets such as construction and real estate. It went public on the Nasdaq in July via a merger with special purpose acquisition company Gores Holdings VI.

Earlier this year it signed a collaboration deal with Facebook's AI Research arm to provide a collection of digital data from residential, commercial and civic spaces to be used in research.

Read more: MIND Technology (MIND) soars 24% on US Navy deal

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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