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. 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. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. The company employs more than 2,500 employees, with operations in the U.S., Mexicali, Europe, and Asia. Cochise County voted Tuesday to give responsibility for elections through 2024 to the county's elected Republican recorder. Additional Information about the Proposed Transaction and Where to Find It. The SPAC, Gores Holdings VIII (GIIX), originally went public in April 2021 and currently trades on the Nasdaq. Company will trade on the Nasdaq under FOOT ticker, Firms packaging helps customers reduce their carbon emissions. Gores Holdings VIII, Inc. completed its initial public offering in March 2021, raising approximately $345 million in cash proceeds for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Suns will also encourage players to take part in the pledge, as well as other entertainers who perform in the arena. Register now to read this article and more for free. The barge was supposed to unload its undesirable cargo into a landfill in North Carolina, but that proved harder than expected. FOOTPRINT, to be Publicly Listed on NASDAQ Through Combination with Gores Holdings VIII, Inc. https://www.netroadshow.com/nrs/home/#!/?show=715a455a, The only plastic-free solution that offers extended barrier properties, Compelling value proposition allowing customers to reach sustainability targets with a cost neutral, revenue accretive product, Growing TAM with secular tailwinds from corporate sustainability measures, increasing regulations and environmentally conscious end consumers, Strong partnerships with global blue-chip customers and significant strategic equity investments, Rapidly growing pipeline of long-term take-or-pay contracts and sold-out position through 2023, Innovative, execution-focused management team with proven track record and strong patent portfolio in materials, process technology, design and manufacturing. The PIPE, priced at $10 a share, was backed by Koch Strategic Platforms among others and Koch separately committed to provide $150 million in preferred financing. While also working with the sports team to eliminate single-use plastic and test new technologies at their facility. You have the option of making a monthly donation. 45 on this years CNBC Disruptor 50 list, at $1.6 billion following the SPAC mergers completion. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copy Protect PDF, MP3, MP4 and more, with Nexcopy USB Duplicator Systems . Authors of the study go on to state that many consumers are unaware, misinformed or only have a rudimentary understanding of the carbon impact of their food purchasing habits. Footprint was founded in by former Intel engineers, Troy Swope and Yoke Chung. Readers are cautioned not to put undue reliance on forward-looking statements, and Gores Holdings VIII and Footprint assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. 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. The call can be accessed by dialing +1 (833) 470-1428 (domestic toll-free number) or +1 (404) 975-4839 (international) and providing the conference ID 917431. call +44 20 3097 8888 support@capital.com, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Footprint has a clear vision to create a healthier planet and healthier people. The agreement with Gores Holdings VIII provides Footprint with $805m in gross proceeds, including $345m from the SPAC itself. Theyre in some of the countrys biggest supermarkets, including Walmart, Target, Costco, Whole Foods, Albertsons Safeway, Kroger, Frys, Aldi, Wegmans, and Trader Joes. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Plus, compare stock trading platforms that offer stock lending. Past profits do not guarantee future profits. Once Footprint goes public, you'll need a brokerage account to invest. Provides an effective tool for decision makers, public agency staff, and the public to identify land use planning options. Everything we know about the Brera IPO, plus information on how to buy in. Footprint develops a sustainable replacement for freals signature dairy cup. Information on this page is for educational purposes only. PHOENIX Footprint, the Gilbert company with naming rights to the Phoenix Suns arena, announced Tuesday that its agreed to become a publicly traded Stocks, Options, ETFs, Cryptocurrency, Winner of Finders Best Broker for Beginners, Stocks, Options, ETFs, Cryptocurrency, Futures, Highly commended for Best Derivatives Trading Platform. Gores Guggenheim and The Gores Group are separate entities with separate management, although there is overlap in size and industry of target acquisition and personnel involved. Required fields are marked *. Globally, total transport activity is expected to more than double by 2050 compared with 2015 under the trajectory reflecting current efforts. With Amazon Amount of your choice Amount of your choice. Footprint and the Suns are aiming to get fans involved, from videos talking about sustainability and how to manage their trash on the giant scoreboard during games, to encouraging people to sign up for a climate pledge initiative to cut plastics from their lives. Click here. 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.). KTARs Community Spotlight focuses on the Boys & Girls Club of the Valley and the work to incorporate esports into children's lives. Footprint, founded in 2014, offers plant-based solutions to help companies cut carbon emissions and landfill waste. 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.. Why? Footprint is expected to begin trading on the Nasdaq in the first half of 2022 under ticker symbol "FOOT.". It has raised billions of dollars through multiple blank-check vehicles so far. While adults may find that sports gambling is a way to enhance the experience with more than just fandom on the line, it can be a dangerous proposition if children get involved in the activity. Please refer to our Risk Disclosure Statement. losed Joint Stock Company FinTech Solutions. Neither Gores Holdings VIII nor Footprint gives any assurance that either Gores Holdings VIII or Footprint will achieve its expectations. information service that aims to provide you with information to help you make better decisions. The merger is expected to take place in the first half of 2022. Visit 10Cric cricket betting and get the best odds on all major cricket events! Contact us for more information. Founded in 1987, The Gores Group is a global investment firm focused on partnering with differentiated businesses that can benefit from the firms extensive industry knowledge and decades long experience. INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. Before making any voting decision, investors and security holders of Gores Holdings VIII and other interested parties are urged to read the Registration Statement and the proxy statement and all other relevant documents filed or that will be filed with the SEC in connection with the proposed business combination as they become available because they will contain important information about the proposed business combination. Make unlimited commission-free trades, plus earn 4% interest on uninvested cash in your account with Robinhood Gold. The resulting company is projected to have a total enterprise value of $1.6 billion, according to the release. With Footprint, we have been impressed by the companys innovative culture and strong traction with customers based on their unique plant-based solutions produced at compelling economics. "With corporations, regulators and consumers alike increasingly demanding high-quality, sustainable alternatives to single-use plastic, foam and other products, Footprint's solutions are capitalizing on a growing $315 billion annual market opportunity that is converting to environmentally friendly solutions as quickly as possible," the companies said in a press release statement. This deal values the combined entity at about $1.6 billion including debt, the companies said on Tuesday. Footprint is a materials science company founded to create a healthier planet. Materials science company Footprint on Tuesday agreed a merger and initial public offering (IPO) deal with special purpose acquisition company (SPAC) Gores Holdings VIII (GIIX), valuing the company at around $1.6bn (1.2bn). It is going Finder is a registered trademark of Hive Empire Pty Ltd, and is used under license by It is common for all citizens in a digital society to have a digital footprint. 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. Gores Holdings VIII, Footprint and certain of their respective directors, executive officers may be deemed participants in the solicitation of proxies from Gores Holdings VIIIs stockholders with respect to the proposed business combination. If you shop on Amazon you can help support WebAPTA American Public Transportation Association ASIF activitystructureintensityfuel BMRC Bangalore Metro Rail Corporation means to assess the carbon footprint of these transport projects, the EKB does not suggest diluting the development agenda in Asia. Hobbs wants to get rid of Border Strike Force, reroute funding, Cochise County votes to gives Republican recorder election duties through 2024, Police search for armed man after reports of shots fired near Queen Creek neighborhood, Valley Boys & Girls Club uses esports to help kids make healthy choices, Sports gambling can be fun for adults, but its a dangerous game for children, Why DISC is world renowned for back and neck pain treatments. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Past performance is no guarantee of future results. UrbanFootprint is a tool to help the public and public officials determine the best scenarios and outcomes for their communities, using scientific research and data about real places where people live and work. Creates an outlet for local and regional public agencies to coordinate and leverage planning efforts. Footprint, a Gilbert, Arizona-based material sciences company focused on eliminating single-use plastics, agreed to go public at an implied $1.6 billion valuation via We're changing the world. Is it worth buying? These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Footprint is rapidly expanding into new categories with customized and patented solutions for customers. Than expected reduce their carbon emissions their facility and regional public agencies to coordinate and planning! The U.S., Mexicali, Europe, and Asia from new York,,... Barge was supposed to unload its undesirable cargo into a landfill in North,. The trajectory reflecting current efforts Boston, Washington DC and San Francisco provides listeners with everything they need to.... The Boys & Girls Club of the Valley and the public to identify land use planning.! 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