11:21 AM EDT, 07/05/2024 (MT Newswires) -- Matterport ( MTTR ) and CoStar Group ( CSGP ) received a request for additional information from the Federal Trade Commission about their planned merger, Matterport ( MTTR ) said in a filing with the US Securities and Exchange Commission late Wednesday.

This request extends the waiting period under the Hart-Scott-Rodino Act until 30 days after compliance. Both companies plan to respond "promptly" to the request, Matterport ( MTTR ) said.

The merger is expected to be completed in Q4, subject to approval by Matterport ( MTTR ) stockholders and other conditions, the company said.

Shares of Matterport ( MTTR ) fell 2.1% in recent Friday trading, while CoStar ( CSGP ) was slightly lower.

Price: 4.25, Change: -0.09, Percent Change: -2.07