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CUSIP No. 577096 100 | | 13D | | Page 10 of 14 pages |
Item 1. | Security and Issuer. |
This Schedule 13D (this “Schedule 13D”) relates to the Class A common stock, $0.0001 par value per share (the “Common Stock”), of Matterport, Inc., a Delaware corporation (the “Issuer”). The principal executive offices of the Issuer are located at 352 East Java Drive, Sunnyvale, California 94089.
Item 2. | Identity and Background. |
This Schedule 13D is being jointly filed by (i) Lux Ventures III, L.P. (“LVIII”), (ii) Lux Ventures III Special Founders Fund, L.P. (“LVIIISF”), (iii) Lux Venture Partners III, LLC (“LVPIII”), (iv) Lux Co-Invest Opportunities, L.P. (“LCIO”), (v) Lux Co-Invest Partners, LLC (“LCIP”), (vi) Lux Ventures Cayman III, L.P. (“LVCIII”), (vii) Lux Ventures Cayman Partners Cayman III, LLC (“LVCGP”), (viii) Peter Hébert, a member of the Issuer’s board of directors (the “Board”), and (ix) Josh Wolfe. Each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”
LVPIII is the general partner of each of LVIII and LVIIISF and exercises voting and dispositive power over the shares of Common Stock held by each of LVIII and LVIIISF. LCIP is the general partner of LCIO and exercises voting and dispositive power over the shares of Common Stock held by LCIO. LVCGP is the general partner of LVCIII and exercises voting and dispositive power over the shares of Common Stock held by LVCIII. This Schedule 13D relates to the shares of Common Stock directly owned by LVIII, LVIIISF, LCIO and LVCIII (the “LV Funds”). As a result of the foregoing, as of the date of this Schedule 13D, for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended, LVPIII may be deemed to beneficially own approximately 7.3% of the shares of the Issuer’s Common Stock outstanding as of July 22, 2021, LCIP may be deemed to beneficially own approximately 2.8% of the shares of the Issuer’s Common Stock outstanding as of July 22, 2021, LVCGP may be deemed to beneficially own approximately 0.3% of the shares of the Issuer’s Common Stock outstanding as of July 22, 2021 and Messrs. Hébert and Wolfe may be deemed to beneficially own approximately 10.4% of the shares of the Issuer’s Common Stock outstanding as of July 22, 2021, as reported in the Issuer’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on July 28, 2021.
The principal business address of the Reporting Persons is c/o Lux Capital Management, LLC, 920 Broadway, 11th Floor, New York, NY 10010.
The principal business of the Reporting Persons is investments and/or investment management. LVIII is a limited partnership organized under the laws of the State of Delaware. LVIIISF is a limited partnership organized under the laws of the State of Delaware. LVPIII is a limited liability company organized under the laws of the State of Delaware. LCIO is a limited partnership organized under the laws of the State of Delaware. LCIP is a limited liability company organized under the laws of the State of Delaware. LVCIII is a limited partnership organized under the laws of the State of Delaware. LVCGP is a limited liability company organized under the laws of The Cayman Islands. Each of Messrs. Hébert and Wolfe are United States citizens.
The Reporting Persons, nor, to the best knowledge of the foregoing, any of their controlling persons, have not been, during the last five years, convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
The Reporting Persons, nor, to the best knowledge of the foregoing, any of their controlling persons, have not been, during the last five years, party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Item 3. | Source and Amount of Funds or Other Consideration. |
Funds for the purchase of the shares of Common Stock reported herein were derived from the capital contributions by the partners of the LV Funds and the available funds of such entities. A total of approximately $26,014,129 was paid to acquire the shares of common stock and preferred stock of Legacy Matterport (as defined below), which were subsequently converted into the shares of Common Stock of the Issuer reported herein upon closing of the Merger (as defined below). A total of $1,000,000 was paid to acquire 100,000 of the shares of Common Stock of the Issuer upon closing of the PIPE (as defined below).
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