Gores Holdings VIII is a special purpose acquisition company (SPAC) controlled by an affiliate of asset management group Gores. 2023 CNBC LLC. Its sustainable products are designed with the entire product lifecycle in mind, and are made from 100% bio-based, biodegradable, compostable and recyclable fibers. Stocks, ETFs, Cryptocurrency, Alternatives. Deutsche Bank Securities Inc. is acting as lead financial advisor and lead capital markets advisor to Gores Holdings VIII and as a joint placement agent on the PIPE investment. The PIPE investment, which was oversubscribed, and Class C Preferred Financing are anchored by Koch Strategic Platforms and include a meaningful commitment from Gores Holdings VIII Sponsor and affiliates. Stay up to date on the latest. 32 East 31st Street, 4th Floor, Moelis & Company LLC is also acting as financial advisor to Gores Holdings VIII. 45 on this year's CNBC Disruptor 50 list, at $1.6 billion following the SPAC merger's completion. Footprint anticipates a value of $1.6 billion at the end of a merger that will take the company public. The 45 on this years CNBC Disruptor 50 list, at $1.6 billion following the SPAC mergers completion. 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. These forward-looking statements generally are identified by the words believe, predict, project, potential, expect, anticipate, estimate, intend, strategy, future, forecast, opportunity, plan, may, should, will, would, should, will be, will continue, will likely result, and similar expressions (including the negative versions of such words or expressions). The deal is expected to value Footprint at $1.6 billion following the SPAC merger's completion. Dec 14 (Reuters) - Materials science company Footprint Inc has agreed to go public through a merger with a blank-check firm led by billionaire Alec Gores, in a Actual results may differ as a result of the completion of the Footprints financial reporting period closing procedures, review adjustments and other developments that may arise between now and the time such financial information for the period is finalized. 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Learn about our diverse team of engineers, scientists and changemakers. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copy Protect PDF, MP3, MP4 and more, with Nexcopy USB Duplicator Systems . 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. But for a company whose footprint is found in more than 500 cities and 75 countries worldwide, there doesnt seem to be a rush to go public, anyway. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in Gores Holdings VIIIs definitive proxy statement contained in the Registration Statement (as defined below), including those under Risk Factors therein, and other documents filed by Gores Holdings VIII from time to time with the SEC. It is going public via a merger with special-purpose acquisition corporation Gores Holdings VIII Inc., the companies said in a joint statement on Tuesday. Gilbert-based Footprint to go public through $1.6 billion SPAC merger Enlarge Yoke Chung, co-founder and chief technology officer at Footprint International, Our mission is to create a healthier planet and step one is to design, develop and manufacture plant-based fiber solutions as an alternative to single-use plastics, Troy Swope, Footprint co-founder and CEO, said in a press release. Inclusion of the prospective financial information in this Press Release should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved. Footprints products have already led to a global Find the stock by name or ticker symbol FOOT and research it before deciding if it's a good investment for you. 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. With Amazon Amount of your choice Amount of your choice. Footprint International Holdco Inc., a maker of coating technologies that allow plant-based materials to compete with traditional plastic-based materials. Credit Suisse Securities (USA) and LionTree Advisors LLC also advised Footprint on the transaction. losed Joint Stock Company FinTech Solutions. The definitive proxy statement/final prospectus and other relevant documents will be sent to all Gores Holdings VIII stockholders as of a record date to be established for voting on the proposed business combination and the other matters to be voted upon at a meeting of Gores Holdings VIIIs stockholders to be held to approve the proposed business combination and other matters (theSpecial Meeting). Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC and LionTree Advisors LLC are acting as joint placement agents on the PIPE investment. Facilitates dialogue between and across state, local, and regional agencies. Uber boasts A Division of NBCUniversal. Here are some steps that can help. 2023 Capital Com SV Investments Limited. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. In July, the company also entered into an agreement with the Phoenix Suns, re-naming the NBA team's home complex to Footprint Center, while also working with the sports team to eliminate single-use plastic and test new technologies at their facility. Weil, Gotshal & Manges LLP is serving as legal advisor to Gores Holdings VIII and Sidley Austin LLP is serving as legal advisor to the co-placement agents. Certain statements in this press release (Press Release) may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 and within the meaning of the federal securities laws with respect to the proposed business combination between the Gores Holdings VIII and Footprint, including statements regarding the benefits of the proposed business combination, the anticipated timing of the proposed business combination, the likelihood and ability of the parties to successfully consummate the proposed business combination and the PIPE investment, the amount of funds available in the trust account as a result of shareholder redemptions or otherwise, the services offered by Footprint and the markets in which Footprint operates, business strategies, debt levels, industry environment, potential growth opportunities, the effects of regulations and Gores Holdings VIIIs or Footprints projected future results. A new federal rule is expected to standardize climate disclosures, putting the U.S. on closer footing with other countries. The company has its headquarters near Germann and Gilbert roads and employs more than 2,500 people in the U.S., Mexico, Europe and Asia. Got a confidential news tip? No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended. When comparing offers or services, verify relevant information with the institution or provider's site. Steps to owning and managing NVOS, with 24-hour and historical pricing before you buy. A replay of the call can be accessed by dialing +1 (855) 213-8235 (domestic toll-free number) or +1 (571) 982-7683 (international) and providing the conference ID 264059#. Make unlimited commission-free trades, plus earn 4% interest on uninvested cash in your account with Robinhood Gold. Weve taken on a big mission to change the world, and we cannot do it alone. Assuming no redemptions by the public stockholders of Gores Holdings VIII, the business combination will provide approximately $805 million in gross proceeds to fund the combined companys growth strategy. In one of her first actions at the border since taking office, Arizona Gov. it's been delivered there. 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 Begin with the easier tasks. We look forward to partnering with Troy and his exceptional, innovative management team as Footprint accelerates its powerful mission and solidifies its position at the forefront of the industry as a public company., Mark Stone, Senior Managing Director of The Gores Group and CEO of Gores Holdings VIII, said: Footprint offers game-changing materials science solutions that are the gold standard in the industry as the world transitions to plastic alternatives. 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. Here's what we know about the IPO and how to buy Footprint stock when it's available. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. Footprint offers plant-based packaging solutions Photo: Footprint Content Materials science company Footprint on Tuesday agreed a merger and initial public CheckThemOut. Our patented fiber technologies are disrupting the industry. Company will trade on the Nasdaq under FOOT ticker, Firms packaging helps customers reduce their carbon emissions. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Footprint is rapidly expanding into new categories with customized and patented solutions for customers. All of an Internet users public information makes up their digital footprint -- the information about someone that is available online. Demand is closely linked to population and economic growth As economies and populations grow, demand for goods grows, as does the number of people with the desire and means to travel. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please refer to our Risk Disclosure Statement. The company, which entered a multiyear naming rights deal with the Suns for Footprint Center in downtown Phoenix in July, will merge with Gores Holdings VIII. 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 You know, whenever anybody asks Elon Musk how he learned to build rockets, he says, I read books.. Provides an effective tool for decision makers, public agency staff, and the public to identify land use planning options. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed business combination may be obtained by reading the Registration Statement regarding the proposed business combination when it becomes available. For more information on Footprints sustainable solutions visit www.footprintus.com. It is common for all citizens in a digital society to have a digital footprint. March 29-30, 2023 Convene, 117 W 46th St, New York, April 19-20, 2023 Convene, 117 W 46th St, New York, May 17-18, 2023 Hilton Tower Bridge, London, May 23-24, 2023 Convene 117 West 46th Street, New York, Get limited access to our industry news, analysis and data, plus regular email updates. E*TRADE offers commission-free stocks, access to mutual funds and advanced trading tools. Footprints independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Press Release, and accordingly, they did not express an opinion or provide any other form of assurance with respect thereto for the purpose of this Press Release. 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. 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. A simple guide to buying stocks in your favorite European soccer team. Steps to investing in the Vanguard (VTI) Total Stock Market ETF. Were Footprint is expected to begin trading on the Nasdaq in the first half of 2022 under ticker symbol "FOOT.". We may also receive compensation if you click on certain links posted on our site. Footprint is expected to go public soon. 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. New York, NY, 10016. Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. Is it worth buying? The deal is expected to value Footprint, ranked No. Footprint International, a maker of biodegradable products aimed at eliminating single-use plastics, is reportedly in talks to go public via merger with a here to register, Not for publication, email or dissemination, Shannon OLeary on diversity and steering clear of peak stupid, Ares backs BlueCove; Thoma Bravo closes Coupa deal; plus Black History Month interviews, Red Arts Chad Strader: Diversity is good for business; US PE firms vie for public European names, PE pioneer Thomas H. Lee passes away; ArcLights Great River Hydro exit plus evolution of infrastructure investments, DCP Capital to buy stake in Chinese business of Jamieson Wellness, Peak Rock-backed Hospeco Brands Group acquires Innocore. CIOs and IT teams should begin with obvious action steps, in other words, "low-hanging fruit." Footprint develops a sustainable replacement for freals signature dairy cup. Your email address will not be published. For more information, please visit www.gores.com. Footprints products have already led to a global redirection of 61 million pounds of plastic waste from entering the air, earth, and water working with leading global consumer brands. Information on this page is for educational purposes only. Multi-year agreement with Footprint supports SAMBAZONs sustainable packaging initiative. 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. Numerous websites and internet services employ text messages sent via SMS for multi-factor authentication and password resets. Advertiser Disclosure. Joby Aviation, an electric aviation startup, is going public via a reverse merger with a SPAC. 1. 333-252483) declared effective by the SEC on February 24, 2021). Footprint is on a clear, accelerated growth trajectory propelled by a rapidly expanding pipeline of long-term contracts, nearly all of which are take or pay and include contractual minimums. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. 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.). Why? 5. As Schifter says, people tend to forget just how large a sector education is in the United States, with nearly 100,000 public K12 schools occupying 2 million acres of land and producing 53,000 tons of food waste. Bloomberg Surveillance: Early Edition with Anna Edwards, Matt Miller & Kailey Leinz live from London, Berlin and New York, bringing insight on global markets and the top business stories of the day. It has more than $500 million of annual revenue contracted with customers such as Kraft, McDonalds, Procter & Gamble and Walmart, according to the release. Taking a domestic flight emits 255 grams CO 2 e per km * 500 km = 127.5 kg CO 2 e. Techstory.in is a website about exciting startup stories and inspiring entrepreneur journeys. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Don't have an account? Footprint was named to the 2020 Fortune Change the World list in 2020, is a member of the World Economic Forums Global Innovators Community and was named a CNBC Disruptor 50 company in 2021. 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 richest 10 percent of Americans, or those who make an average of $233,600 a year, produces 56.5 tons of carbon dioxide emissions per person, per year 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. 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