What happens to options after a cash+stock buyout?

Just out of curiosity, Matterport is being bought out by Costar at a price of $2.75 in cash and $2.75 in shares per share.

If the option strike price is, just for example, $5, what would happen if someone were to hold it past acquisition date?

I understand all cash and all stock buyouts, those make sense, but what about half stock half cash?

Thanks! 🙂



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