333-252483) declared effective by the SEC on February 24, 2021). Footprint is a materials science company founded to create a healthier planet. That not only reduces unnecessary waste from entering the environment, but it also reduces exposure to toxic chemicals found in plastic. 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. Other fees apply. In July, the company also agreed with the Phoenix Suns, re-naming the NBA teams home complex to Footprint Center. 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. 2023 CNBC LLC. 45 on this year's CNBC Disruptor 50 list, at $1.6 billion following the SPAC merger's completion. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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. articles a month for anyone to read, even non-subscribers! 2023 Techstory Media Pvt Ltd Contact : info@techstory.in. Hear the latest economic, business and market news, as well as global, national, and local news. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Stocks, ETFs, Cryptocurrency, Alternatives. Stay up to date on the latest. If the deal is approved, any shares of GIIX will become shares in Footprint, with the ticker symbol changing to FOOT. 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. It takes champions throughout the ecosystem to eliminate single-use plastic. Footprint spent a full year engineering a quality straw that performs like plastic. Dawn Daniels is a publisher with Finder, based out of Oregon. A new federal rule is expected to standardize climate disclosures, putting the U.S. on closer footing with other countries. 1. 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. How likely would you be to recommend finder to a friend or colleague? A Division of NBCUniversal. Today, we are inventing and manufacturing solutions that replace short-term use plastic. PHOENIX Footprint, the Gilbert company with naming rights to the Phoenix Suns arena, announced Tuesday that its agreed to become a publicly traded Click here. UrbanFootprint is a tool to help the public and public officials determine the best scenarios and outcomes for their communities, using scientific 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 When comparing offers or services, verify relevant information with the institution or provider's site. The foregoing list of factors is not exhaustive. 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. Puts scientific studies to work to estimate the outcomes of land use patterns and transportation networks, Creates a classroom tool for use in public policy, planning, transportation, economics, sociology, public health and other courses, Sustainable Communities Strategy development and updates, Understand relationships between local plans with regional investments, Understanding local and regional policy impacts, and the statewide implications, Depicts regional and local policy shifts around development and conservation. A second teenage boy has been arrested in connection with a fatal drive-by shooting earlier this month in midtown Phoenix, authorities said Monday. Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. SPACS are publicly listed companies that are raised to merge with a private company at a later date. Footprints customers include the leading player in multiple categories, including dairy, shelf stable cups, meat trays, QSR, frozen food, produce and CPG. US-based materials science technology company Footprint International Holdco has agreed to merge with Gores Holdings VIII, to become a public traded company. Information on household costs, public health impacts, building energy and water use, greenhouse gas emissions, land consumption, and transportation for scenarios can help identify the best land use option. 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. Numerous websites and internet services employ text messages sent via SMS for multi-factor authentication and password resets. What communities wish to see in their neighborhoods, how they choose to go about their day to day routine, and what it takes to get there, literally and figuratively. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. 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. 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. Gores Holdings VIII may also file other documents regarding the proposed business combination with the SEC. Gores Holdings VIII is a special purpose acquisition company, aka a blank check company, formed by an affiliate of The Gores Group and taken public in March. The software helps users experiment with the amount and location of land use and place types such as residential, commercial, and open space to create their own development scenarios. Police are searching for an armed man after receiving reports of shots fired in Queen Creek, temporarily locking down a school and placing residents on alert. Footprint anticipates a value of $1.6 billion at the end of a merger that will take the company public. Finder.com is an independent comparison platform and Taking a domestic flight emits 255 grams CO 2 e per km * 500 km = 127.5 kg CO 2 e. UrbanFootprint provides a faster, more efficient way to leverage limited staff resources to identify development scenarios and their impacts, working side by side with stakeholders to quickly create, test, and discuss many alternatives much, much faster than traditional tools, and at lower cost. Buying an IPO is as simple as buying any other stock, but not every trading platform offers IPO stocks. Begin with the easier tasks. Troy Swope, a co-founder and CEO of Footprint, Plant-based packaging-maker Footprint CEO on eliminating single-use plastic, entered into an agreement with the Phoenix Suns, Final call: Nominate a company for CNBC's 2023 Disruptor 50 list, Inside the 'Wormhole,' Relativity Space's monster factory 3D-printing reusable rockets, Fanatics to start livestreamed shopping of trading cards, collectibles. Footprint, an Arizona-based materials science technology company known for its plant-based packaging, will make its market debut by merging with blank-check firm Gores Holdings VIII. WebWhat is your Ecological Footprint? Everything we know about the Brera IPO, plus information on how to buy in. The deal nets Joby $1.6 billion and values the company at $6.6 billion. WebFootprint is a materials science company founded to create a healthier planet. Sign upfor our weekly, original newsletter that goes beyond the annual Disruptor 50 list, offering a closer look at start-ups like Footprint, and founders who continue to innovate across every sector of the economy. 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. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Its sustainable products are designed with the entire product lifecycle in mind, and are made from 100% bio-based, biodegradable, compostable and recyclable fibers. 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. 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. Footprints 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. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. It is common for all citizens in a digital society to have a digital footprint. The agreement with Gores Holdings VIII provides Footprint with $805m in gross proceeds, including $345m from the SPAC itself. By: Katherine Martinelli. 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. Click Current Footprint equity holders will retain approximately 62% ownership in Footprint and roll 100% of their equity interests into the pro forma company. Don't have an account? Stocks, Options, ETFs, Cryptocurrency, Winner of Finders Best Broker for Beginners, Stocks, Options, ETFs, Cryptocurrency, Futures, Highly commended for Best Derivatives Trading Platform. A simple guide to buying stocks in your favorite European soccer team. The difference between trading assets and CFDs. Footprint has a clear vision to create a healthier planet and healthier people. The resulting company is projected to have a total enterprise value of $1.6 billion, according to the release. Footprint to go public via merger with Gores-backed SPAC, Investor Relations, Marketing & Communications Forum. Looking to invest in tech? 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. We may be paid a fee for referring prospective clients to a partner, though it is not a recommendation to invest in any one partner. 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. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: The barge was supposed to unload its undesirable cargo into a landfill in North Carolina, but that proved harder than expected. Techstory.in is a website about exciting startup stories and inspiring entrepreneur journeys. Everyone knows that plastic is a major problem, thanks to Multi-year agreement with Footprint supports SAMBAZONs sustainable packaging initiative. In 1987, a barge called Mobro 4000 departed Islip in New Yorks Suffolk County loaded up with 3,100 tons of waste, a fair bit of which was Styrofoam containers. 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. Footprints team of engineers use plant-based fiber technology to design, develop and manufacture biodegradable, compostable, and recyclable products that compete with plastics cost, and exceed its performance. Users can communicate impacts of land use plans in understandable maps, charts, graphs and tables. Footprint is rapidly expanding into new categories with customized and patented solutions for customers. The Suns will also encourage players to take part in the pledge, as well as other entertainers who perform in the arena. A transformative center for champions of a Healthy Planet & Healthy People. 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. 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. Get this delivered to your inbox, and more info about our products and services. The proceeds also consist of an oversubscribed private investment of $460m. A new global research study on the modern shopper & sustainability. Complete an application with your details. This Press Release contains financial forecasts with respect to Footprints projected financial results, including revenue. 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.). Footprint develops a sustainable replacement for freals signature dairy cup. Footprint Foundation educates, engages, and empowers people to act to reduce the use of plastic that causes harm to the planet and human health. Finder is a registered trademark of Hive Empire Pty Ltd, and is used under license by Accordingly, there can be no assurance that the prospective results are indicative of the future performance of Footprint or that actual results will not differ materially from those presented in the prospective financial information. 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. The company, ranked No. Here are the stocks that benefit from inflation, as well as industries to keep an eye on to reduce the impacts of inflation on your portfolio. Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. 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With corporations, regulators and consumers alike increasingly demanding high-quality, sustainable alternatives to single-use plastic, foam and other products, Footprints solutions are capitalizing on a growing $315 billion annual market opportunity that is converting to environmentally friendly solutions as quickly as possible. Today, we are inventing and manufacturing solutions that replace short-term use plastic. Hobbs said she wants to eliminate the Border Strike Force. 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. NoiseFit Halo launched in India for Rs.3999? 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