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. Investors and security holders will also be able to obtain free copies of the definitive proxy statement/final prospectus and all other relevant documents filed or that will be filed with the SEC by Gores Holdings VIII through the website maintained by the SEC at www.sec.gov, or by directing a request to Gores Holdings VIII, Inc., 6260 Lookout Road, Boulder, CO 80301, attention: Jennifer Kwon Chou or by contacting Morrow Sodali LLC, Gores Holdings VIIIs proxy solicitor, for help, toll-free at (800) 662-5200 (banks and brokers can call collect at (203) 658-9400). Gilbert-based Footprint to go public through $1.6 billion SPAC merger Enlarge Yoke Chung, co-founder and chief technology officer at Footprint International, 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. 80 Billion dollar companies have Indian Origin CEOs. The merger is expected to take place in the first half of 2022. Click here. Additional Information about the Proposed Transaction and Where to Find It. There was an explosion in SPAC deals earlier this year, but there are indications the space iscooling down. UrbanFootprint is a tool to help the public and public officials determine the best scenarios and outcomes for their communities, using scientific Plus, compare stock trading platforms that offer stock lending. Gores Holdings VIII, Inc.s strategy is to identify, acquire and, after the initial business combination, to build a company in an industry or sector that complements the experience of its management team and can benefit from their operational expertise. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. losed Joint Stock Company FinTech Solutions. 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. information service that aims to provide you with information to help you make better decisions. In one of her first actions at the border since taking office, Arizona Gov. 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. 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. 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. Use the training services of our company to understand the risks before you start operations. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. Gores Holdings VIII may also file other documents regarding the proposed business combination with the SEC. The balance sheet strength of the combined company is anticipated to enable Footprint to expand our operations and geographic reach as we scale our technology to meet record customer demand., Alec Gores, Chairman and CEO of The Gores Group and Chairman of Gores Holdings VIII, said: Footprint is a true pioneer and disruptor in sustainability, delivering leading technology and solutions that are revolutionizing the use of plant-based materials. It is going 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. 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Neither Gores Holdings VIII nor Footprint gives any assurance that either Gores Holdings VIII or Footprint will achieve its expectations. Globally, total transport activity is expected to more than double by 2050 compared with 2015 under the trajectory reflecting current efforts. 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 deal that values the Shitcoin called BONK jumps 900% in a week: Dump Alert! A link has been emailed to you - check your inbox. Mesa police are searching for a 27-year-old woman wanted in a murder case after a man was found dead inside a bedroom in early February. 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. 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. 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. Everything we know about the TXO Energy IPO, plus information on how to buy in. The Suns will also encourage players to take part in the pledge, as well as other entertainers who perform in the arena. Talk with a financial professional if you're not sure. Current Footprint equity holders will retain approximately 62% ownership in Footprint and roll 100% of their equity interests into the pro forma company. Please refer to our Risk Disclosure Statement. 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. JBL Wave Beam launched in India, ChatGPT Creator OpenAI in Talks for $29 Billion Value: WSJ. PHOENIX Footprint, the Gilbert company with naming rights to the Phoenix Suns arena, announced Tuesday that its agreed to become a publicly traded 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. The 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. Creating consensus around the big picture takes a lot of people, with a lot of ideas, working together. articles a month for anyone to read, even non-subscribers! Register now to read this article and more for free. 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. Founded in 2014 by Troy Swope and Yoke Chung (CTO), Footprint is developing a portfolio of technologies and plant-based solutions that perform at parity with plastics in all key criteria, delivering sustainability and improving performance at a price point that is comparable to plastic solutions. 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. 333-252483) declared effective by the U.S. Securities and Exchange Commission (the SEC) on February 24, 2021. Footprint International Holdco Inc., a maker of coating technologies that allow plant-based materials to compete with traditional plastic-based materials. The company employs more than 2,500 employees, with operations in the U.S., Mexicali, Europe, and Asia. Gores Holdings VIII is a special purpose acquisition company (SPAC) controlled by an affiliate of asset management group Gores. Required fields are marked *. Steps to owning and managing NVOS, with 24-hour and historical pricing before you buy. WebLeave a footprint. Footprint, founded in 2014, offers plant-based solutions to help companies cut carbon emissions and landfill waste. The deal is expected to value Footprint, at $1.6 billion following the SPAC mergers completion. 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? Goldman Sachs & Co. LLC is serving as lead financial advisor to Footprint. Click 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. Hear the latest economic, business and market news, as well as global, national, and local news. 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. 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. 45 on this years CNBC Disruptor 50 list, at $1.6 billion following the SPAC mergers completion. Phase one of our mission is to provide solutions that eliminate single-use and short-term use plastics in our food chain. 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. The deal features a roughly $310 million private investment in public equity, or PIPE. 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. 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 2023 CNBC LLC. 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. Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC and LionTree Advisors LLC are acting as joint placement agents on the PIPE investment. Jun 1, 2022 6:00AM EDT. Without a clear picture of an organization's digital carbon footprint, IT leaders may be understandably confused about how to start an initiative. Troy Swope, Co-Founder and CEO of Footprint, said: 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. Gores Holdings VIII, Inc. (Nasdaq: GIIXU) is a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, founded by Alec Gores. By: Katherine Martinelli. "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. 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. The agreement with Gores Holdings VIII provides Footprint with $805m in gross proceeds, including $345m from the SPAC itself. With corporations, regulators and consumers alike increasingly demanding high-quality, sustainable alternatives to single-use plastic, foam and other products. 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. Every scan unlocks a $0.02 $10.00 donation, which is funded by product sales and corporate partnerships. Notably, Footprints 2023 revenue estimate can be achieved entirely with products that are developed and in market today and secured by customer contracts with leading blue-chip customers. 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. Once Footprint goes public, you'll need a brokerage account to invest. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. With Amazon Amount of your choice Amount of your choice. Footprint, an Arizona-based materials science technology company known for its plant-based packaging, will make its market debut by merging with blank-check Fill it Forward makes branded bottles, cups, and bags with a QR code. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 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. CheckThemOut. 1. Founded in 2014 by two formerIntelengineers, Footprintdevelops and manufactures alternative solutions to single- and short-term-use plastic. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Place your bet on your favorite Indian cricket team directly on your phone! 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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. 2015 under the trajectory reflecting current efforts ideas, working together phase one of her first at... 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