Altair announces private placement financing of $200 million from matrix capital management company lp

Troy, mich., sept. 27, 2021 (globe newswire) -- altair (nasdaq: altr), a global technology company providing software and cloud solutions in the areas of simulation, high-performance computing, data analytics and artificial intelligence today announced a private placement financing of $200 million from matrix capital management company lp, one of the company's largest stockholders, in exchange for 2,935,564 shares of its class a common stock. per the terms of the agreement, the shares will be subject to a 1-year lockup period.
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