Claims Of Legacy Shareholders Against Matterport, Inc.

Shapiro Haber & Urmy LLP is investigating whether Matterport (NASDAQ: MTTR) prevented legacy shareholders from trading shares through a transfer restriction that did not apply to their shares.

In July 2021, Matterport’s predecessor, legacy Matterport, effectively went public via a business combination transaction in which it merged with and into a wholly-owned subsidiary of Matterport. This business combination transaction entitled legacy shareholders to receive public shares of the new Matterport.

Shapiro Haber & Urmy LLP is investigating whether Matterport subjected these new shares to inapplicable transfer restrictions and improperly prevented shareholders from transferring the shares through a lockup period which expired in January 2022.

If you are a legacy shareholder who received shares of the new Matterport after the business combination transaction in July 2021, you may have been subjected to inapplicable transfer restrictions and may be entitled to money damages.

If you wish to obtain additional information about your legal rights, please contact Ian J. McLoughlin at (617) 439-3939 or click here to contact us through our website.