Why Gores Holdings VI Shares Popped 15% in June
Shares of Gores Holdings VI (NASDAQ: GHVI), a special purpose acquisition company (SPAC) that plans to merge with spacial-data company Matterport, jumped 15% in June, according to data provided by S&P Global Market Intelligence, after announcing some key partnerships.
The biggest was a partnership with Facebook (NASDAQ: FB) to use artificial intelligence (AI) and a data set from 3D spaces in academic research. Potentially more important in the long term was a program that allows developers and partners to build apps and integrations for Matterport.
Investors are still speculating on Matterport through the SPAC stock because the merger hasn't officially happened yet. But there haven't been any roadblocks, and management expects the merger to happen within about a month.
Source Fool.com
