Partnering with a market leader making a meaningful impact on the health of our planet aligns perfectly with the sustainability component of our investment strategy, and we are thrilled to support the Footprint team as it executes its proven strategy to drive continued growth and innovation., David Park, President of Koch Strategic Platforms, said: Koch Strategic Platforms seeks to invest in leading companies with strong tailwinds. Footprint is part of 18 brands that grew business within their communitiesand the environmentin mind on the 2022 Brands That Matter list by Fast Company. The deal is expected to value Footprint at $1.6 billion following the SPAC merger's completion. 8 For carbon labelling to be fully embraced by consumers, there is a need for broad-based education programmes and initiatives such as the carbon footprint Facilitates dialogue between and across state, local, and regional agencies. Creates an outlet for local and regional public agencies to coordinate and leverage planning efforts. Were helping retailers, CPGs, and food companies transition to plant-based solutions, reduce CO2 emissions, cut landfill waste, and reach sustainability goals. Weekly Start-up Funding Roundup (February 6 to 12), SC Grants Highest Level Z-Plus Security to Mukesh Ambani and Family Across India and Abroad, Eventbrite Inc restructuring plan to affect 30% of remaining job roles, Tesla CEO Elon Musk Becomes Worlds Richest Person Once Again, How to Bury a spiders Head in the ground(Duelling Feat) in Hogwarts Legacy, Users baffled as WhatsApp keeps crashing on iPhone, House Speaker Nancy Pelosi opposes banning Congress members from owning individual stocks, Best website hosting service providers 2023. 333-252483) declared effective by the U.S. Securities and Exchange Commission (the SEC) on February 24, 2021. The footprint was founded in 2014 as a material science company using plant-based fiber technology. Finder is not a client of any featured partner. Amazon CEO Jeff sets his sight on buying NFL team, Hackers breached T-Mobile more than 100 times in 2022, 1 out of every 5 US adults own crypto: Coinbase survey, OKX revealed its reserves; $8.6 billion in Bitcoin, Ethereum and dollars, SEC subpoenaed Robinhood over crypto operations, Xiaomi Wireless AR Smart Glasses has been showcased for MWC 2023 event. Users can communicate impacts of land use plans in understandable maps, charts, graphs and tables. Fill it Forward makes branded bottles, cups, and bags with a QR code. Footprint is expected to begin trading on the Nasdaq in the first half of 2022 under ticker symbol "FOOT.". The material provided on this website is for information purposes only and should not be understood as an investment advice. Stocks, ETFs, Cryptocurrency, Alternatives. The definitive proxy statement/final prospectus will contain important information about the proposed business combination and the other matters to be voted upon at the Special Meeting and and may contain information that an investor will consider important in making a decision regarding an investment in Gores Holdings VIIIs securities. UrbanFootprint lets users look at current land use plans in their communities and visualize the potential for where new people, buildings, and urban amenities might go as population grows in the future. Footprint offers plant-based packaging solutions Photo: Footprint Content Materials science company Footprint on Tuesday agreed a merger and initial public Capital Com is an execution-only service provider. Make unlimited commission-free trades, plus earn 4% interest on uninvested cash in your account with Robinhood Gold. The deal features a roughly $310 million private investment in public equity, or PIPE. Footprint is a materials science company founded to create a healthier planet. Footprint is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. To date, affiliates of The Gores Group have announced or closed ten business combinations representing approximately $60 billion in transaction value which include: Hostess (Gores Holdings, Inc.), Verra Mobility (Gores Holdings II, Inc.), PAE (Gores Holdings III, Inc.), Luminar (Gores Metropoulos, Inc.), United Wholesale Mortgage (Gores Holdings IV, Inc.), Ardagh Metal Packaging (Gores Holdings V, Inc.), Matterport (Gores Holdings VI, Inc.), Sonder (pending; Gores Metropoulos II, Inc.), Polestar (pending; Gores Guggenheim) and Footprint (pending; Gores Holdings VIII, Inc.). The difference between trading assets and CFDs. When comparing offers or services, verify relevant information with the institution or provider's site. Click Footprint, a global materials science technology company focused on sustainable solutions, has agreed to merge with Gores Holdings VIII Inc, a blank check company backed by The Gores Group. Footprint has a clear vision to create a healthier planet and healthier people. And the company is collaborating with major brands, including newly publicSweetgreen, McDonalds, Kraft Heinz, Tyson Foods,Beyond Meat, Chick-fil-A, Dunkin, Panera Bread, and True Food Kitchen. The deal is expected to value Footprint, ranked No. The documents described in this paragraph are available free of charge at the SECs web site at www.sec.gov, or by directing a request to Gores Holdings VIII, Inc., 6260 Lookout Rd., Boulder, CO 80301, attention: Jennifer Kwon Chou. Click here. 1. We have just sent you an email so you can verify your account. Footprint, a materials-science technology company seeking to eliminate single-use plastic, agreed to merge with Gores Holdings VIII Inc., a special purpose acquisition company led by billionaire Alec Gores. Footprint is a leading material science company providing plant-based fiber solutions with extended shelf life comparable to plastic, generating strong demand from Fortune 100 companies seeking alternative solutions to meet their sustainability goals. 2023 Techstory Media Pvt Ltd Contact : info@techstory.in. Footprint is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. This deal values the combined entity at about $1.6 billion including debt, the companies said on Tuesday. In connection with the proposed business combination, Gores Holdings VIII intends to file a registration statement on Form S-4 (the Registration Statement) that is expected to include a preliminary prospectus and preliminary proxy statement of Gores Holdings VIII. They're in some of the country's biggest supermarkets, including Walmart, Target, Costco, Whole Foods, Albertsons' Safeway, Kroger, Fry's, Aldi, Wegmans and Trader Joe's. For inquiries regarding The Gores Group and affiliates: Jennifer Kwon ChouManaging DirectorThe Gores Group310-209-3010jchou@gores.com, John Christiansen/Cassandra BujarskiSard Verbinnen & CoGoresGroup-SVC@sardverb.com, For investors:Reed AndersonReed.Anderson@icrinc.com612-710-8617, For media:Cory ZiskindCory.Ziskind@icrinc.com646-277-1232, Heather KnoxSVP Communications, FootprintHeather.knox@footprintus.com425-295-5967. SPACs or special purpose acquisition companies raise capital from public markets and use that cash to merge with a private company, with the goal of taking the company public within a two-year period. Buying an IPO is as simple as buying any other stock, but not every trading platform offers IPO stocks. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Joby Aviation, an electric aviation startup, is going public via a reverse merger with a SPAC. GILBERT, Arizona & LOS ANGELES December 14, 2021 Footprint International Holdco, Inc. (Footprint or the Company), a global materials science technology company focused on sustainable solutions, and Gores Holdings VIII, Inc. (Gores Holdings VIII) (Nasdaq: GIIXU, GIIX and GIIXW), a special purpose acquisition company formed by an affiliate of The Gores Group, LLC (The Gores Group) today announced that they have entered into a definitive merger agreement that, subject to the consummation of the transaction, will result in Footprint becoming a publicly listed company. The proposed business combination, which has been unanimously approved by both the Board of Directors of Gores Holdings VIII and the Board of Directors of Footprint, is expected to close in the first half of 2022, subject to approval by Gores Holdings VIIIs stockholders and other customary closing conditions. Founded in 2014 by former Intel engineers Troy Swope and Yoke Chung, Footprint offers plant-based packaging solutions for companies such as Walmart, McDonald's, Kraft Heinz and Nestle to help cut carbon emissions and landfill waste. Get this delivered to your inbox, and more info about our products and services. It's impossible to predict how any stock will perform and IPOs can be particularly volatile. Only logged in subscribers of this site will be able to access the shared article. PHOENIX Footprint, the Gilbert company with naming rights to the Phoenix Suns arena, announced Tuesday that its agreed to become a publicly traded company through a merger. With Amazon Amount of your choice Amount of your choice. Footprint says its plant-based fiber bowls, clamshell containers, trays, cups, and other consumer packaging products have already eliminated more than 61 million pounds of plastic. Don't have an account? Phase one of our mission is to provide solutions that eliminate single-use and short-term use plastics in our food chain. Everything we know about the Neuraxis IPO, plus information on how to buy in. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. Advertiser Disclosure. Our plant-based fiber solutions are designed to be digestible by the earth. Footprint was founded in by former Intel engineers, Troy Swope and Yoke Chung. Footprint says its plant-based fiber bowls, clamshell containers, trays, cups and other consumer packaging products have already eliminated more than 61 million pounds of plastic. Steps to owning and managing NVOS, with 24-hour and historical pricing before you buy. Founded in 2014 by two formerIntelengineers, Footprintdevelops and manufactures alternative solutions to single- and short-term-use plastic. The company employs more than 2,500 employees, with operations in the U.S., Mexicali, Europe, and Asia. The deal with Gores Holdings VIII Inc (GIIX.O) will provide Gilbert, Arizona-based Footprint about $805 million in gross proceeds. A Division of NBCUniversal. UrbanFootprint can be used for policy development at the local, regional, and state level: Promoting sustainability, health and equity across the State, Transformative Climate Communities Program (TCC), Affordable Housing and Sustainable Communities (AHSC), Sustainable Agricultural Lands Conservation (SALC). Upon closing of the proposed transaction, the combined company will be named Footprint International, Inc. and is expected to be listed on NASDAQ under the ticker symbol FOOT. The combined company will be led by Troy Swope, Co-Founder and Chief Executive Officer of Footprint, and is expected to have a pro forma enterprise value of $1.6 billion at the closing of the proposed transaction. Build a CFD portfolio with your favourite companies. Phoenix Suns, Mercury rename arena Footprint Center, Gilbert recycling company Footprint wins challenge to reinvent cups, East Valley company aims to replace plastic straws with paper products, Silver Alert issued for 80-year-old man with medical condition last seen in Queen Creek, 2nd teenage suspect arrested in fatal Phoenix drive-by shooting, Mesa police seeking 27-year-old woman wanted in murder case, Arizona Gov. Food chain first half of 2022 under ticker symbol `` FOOT..... 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