The agreement with Gores Holdings VIII provides Footprint with $805m in gross proceeds, including $345m from the SPAC itself. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. This Press Release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Gores Holdings VIII, Footprint or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Footprint is expected to go public soon. Planning is inherently about vision. Footprint is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. 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. The deal, which is subject to the approval of Gores Holdings VIIIs stockholders, is expected to close in the first half next year. 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. Today marks an exciting inflection point in our seven-year history inventing new materials that challenge the status quo. The footprint is expected to begin trading on the Nasdaq in the first half of 2022 under the ticker symbol FOOT, Your email address will not be published. Complete an application with your details. 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). Past performance is no guarantee of future results. And the company is collaborating with major brands, including newly public Sweetgreen, McDonald's, Kraft Heinz, Tyson Foods,Beyond Meat, Chick-fil-A, Dunkin, Panera Bread and True Food Kitchen. 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). 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. 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. Plus, compare stock trading platforms that offer stock lending. 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 deal is expected to value Footprint, ranked No. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Recognized by Business Intelligence Group for culture, products, and people. 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. Fifty percent of Americans and 90% of people at least 50 years old have some level of degenerative disc disease. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. A transformative center for champions of a Healthy Planet & Healthy People. Here are some steps that can help. Hobbs said she wants to eliminate the Border Strike Force. Gores is among Wall Streets most prolific SPAC dealmakers. 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. 333-252483) declared effective by the U.S. Securities and Exchange Commission (the SEC) on February 24, 2021. A new federal rule is expected to standardize climate disclosures, putting the U.S. on closer footing with other countries. SPACS are publicly listed companies that are raised to merge with a private company at a later date. Its sustainable products are designed with the entire product lifecycle in mind, and are made from 100% bio-based, biodegradable, compostable and recyclable fibers. Recognized by Business Intelligence Group for culture, products, and people. Kirkland & Ellis LLP is serving as legal advisor to Footprint. Multi-year agreement with Footprint supports SAMBAZONs sustainable packaging initiative. 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. 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. Click here. A list of the names of those directors and executive officers of Gores Holdings VIII and a description of their interests in Gores Holdings VIII is set forth in Gores Holdings VIIIs filings with the SEC (including Gores Holdings VIIIs final prospectus relating to its initial public offering (File No. Without a clear picture of an organization's digital carbon footprint, IT leaders may be understandably confused about how to start an initiative. Fill it Forward makes branded bottles, cups, and bags with a QR code. CIOs and IT teams should begin with obvious action steps, in other words, "low-hanging fruit." E*TRADE offers commission-free stocks, access to mutual funds and advanced trading tools. Footprints customers include the leading player in multiple categories, including dairy, shelf stable cups, meat trays, QSR, frozen food, produce and CPG. Strong revenue delivery with Q1 revenue up 133% from prior year, in addition to strong revenue against 2022 plan. Have a story idea or tip? Footprint is a materials science company founded to create a healthier planet. You have the option of making a monthly donation. Footprint offers plant-based packaging solutions Photo: Footprint Content Materials science company Footprint on Tuesday agreed a merger and initial public How many planets does it take to support your lifestyle? Finder monitors and updates our site to ensure that what were sharing is clear, honest and current. 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. For more information, please visit www.gores.com. Capital Com is an execution-only service provider. Please check your spam or junk folder just in case SPACs are Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. You should only be asked to sign in once. Alternatively, a webcast replay of the call can be accessed by visiting https://www.netroadshow.com/ with the entry code Frontier394 or by visiting https://www.netroadshow.com/nrs/home/#!/?show=715a455a. 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. UrbanFootprint is a tool to help the public and public officials determine the best scenarios and outcomes for their communities, using scientific 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. Take this free quiz to find out! Please refer to our Risk Disclosure Statement. Stay up to date on the latest. Required fields are marked *. The deal features a roughly $310 million private investment in public equity, or PIPE. The major market events for the week ahead right in your inbox. Footprint is scaling to meet the leading sustainability companies' plans to eliminate single-use plastics. When comparing offers or services, verify relevant information with the institution or provider's site. 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. It's impossible to predict how any stock will perform and IPOs can be particularly volatile. Footprint anticipates a value of $1.6 billion at the end of a merger that will take the company public. Optional, only if you want us to follow up with you. losed Joint Stock Company FinTech Solutions. Numerous websites and internet services employ text messages sent via SMS for multi-factor authentication and password resets. 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. That not only reduces unnecessary waste from entering the environment, but it also reduces exposure to toxic chemicals found in plastic. By: Katherine Martinelli. A Silver Alert was issued Tuesday evening for a 80-year-old man with a medical condition last seen in Queen Creek. 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 Uber boasts Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. 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