Alec Gores' Gores Group is also in the process of taking Volvo's electric vehicle unit Polestar public. 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 A range of premier consumer brands, representing the largest and most significant food, beverage and consumer products companies globally and primarily Fortune 100 companies, have chosen Footprint as their innovation partner. Neither Footprints nor Gores Holdings VIIIs independent registered accounting firm has audited, reviewed or compiled, examined or performed any procedures with respect to the preliminary results, nor have they expressed any opinion or any other form of assurance on the preliminary financial information. 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. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. It takes champions throughout the ecosystem to eliminate single-use plastic. Moelis & Company LLC is also acting as financial advisor to Gores Holdings VIII. 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. 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. Today marks an exciting inflection point in our seven-year history inventing new materials that challenge the status quo. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Best JBL Earbuds Under Rs.4000? Visit 10Cric cricket betting and get the best odds on all major cricket events! 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. Footprint is scaling to meet the leading sustainability companies' plans to eliminate single-use plastics. Learn about our diverse team of engineers, scientists and changemakers. Footprints products have already led to a global 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. Goldman Sachs & Co. LLC is serving as lead financial advisor to Footprint. Empowers local communities to understand the relationships between what gets built and the health, environment, and economic impacts of development. 32 East 31st Street, 4th Floor, WebFootprint, 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. As a dynamic tool, UrbanFootprint provides a way to have an organized, recordable, and consistent method to visualize land use options and estimate future outcomes. Neither Gores Holdings VIII nor Footprint gives any assurance that either Gores Holdings VIII or Footprint will achieve its expectations. Other fees apply. Heres how to buy shares in the major tech companies, known as FAANG stocks. Current-day land use planning has always relied on process and a variety of tools and maps to show impacts of land use development decisions of future growth. Footprints blue-chip customer base includes Conagra, General Mills, Gillette, JBS Foods, Kraft, McDonalds, Sweetgreen, Nestle, Upfield, Procter & Gamble, Quaker, Taylor Farms, Tyson, Unilever and Walmart. Current Footprint equity holders will retain approximately 62% ownership in Footprint and roll 100% of their equity interests into the pro forma company. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the proposed business combination may not be completed in a timely manner or at all, which may adversely affect the price of Gores Holdings VIII securities; (ii) the risk that the proposed business combination may not be completed by Gores Holdings VIIIs business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by Gores Holdings VIII; (iii) the failure to satisfy the conditions to the consummation of the proposed business combination and PIPE investment, including the approval of the proposed business combination by Gores Holdings VIIIs stockholders, the satisfaction of the minimum trust account amount following redemptions by Gores Holdings VIIIs public stockholders and the receipt of certain governmental and regulatory approvals; (iv) the failure to obtain financing to complete the proposed business combination, including to consummate the PIPE investment, (v) the effect of the announcement or pendency of the proposed business combination on Footprints business relationships, performance, and business generally; (vi) risks that the proposed business combination disrupts current plans of Footprint and potential difficulties in Footprints employee retention as a result of the proposed business combination; (vii) the outcome of any legal proceedings that may be instituted against Gores Holdings VIII or Footprint related to the agreement and the proposed business combination; (viii) changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination (ix) the ability to maintain the listing of the Gores Holdings VIIIs securities on the NASDAQ; (x) the price of Gores Holdings VIIIs securities, including volatility resulting from changes in the competitive and highly regulated industries in which Footprint plans to operate, variations in performance across competitors, changes in laws and regulations affecting Footprints business and changes in the combined capital structure; (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed business combination, and identify and realize additional opportunities; and (xii) other risks and uncertainties set forth in the section entitled Risk Factors and Cautionary Note Regarding Forward-Looking Statement in Gores Holdings VIII final prospectus relating to its initial public offering (File No. WebWhat is your Ecological Footprint? WebFootprint is a materials science company founded to create a healthier planet. Without a clear picture of an organization's digital carbon footprint, IT leaders may be understandably confused about how to start an initiative. The deal with Gores Holdings VIII Inc (GIIX.O) will provide Gilbert, Arizona-based Footprint about $805 million in gross proceeds. Dawn Daniels is a publisher with Finder, based out of Oregon. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. Facilitates dialogue between and across state, local, and regional agencies. Join us in taking the pledge to quit plastic. Globally, total transport activity is expected to more than double by 2050 compared with 2015 under the trajectory reflecting current efforts. 1. The footprint was founded in 2014 as a material science company using plant-based fiber technology. The transaction is slated to give the combined company an enterprise value of $1.6 billion at its completion assuming there are no redemptions, according to a statement Tuesday confirming an earlier Bloomberg News report. 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.. 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. 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. 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. 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. Everyone knows that plastic is a major problem, thanks to Capital Com is an execution-only service provider. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copy Protect PDF, MP3, MP4 and more, with Nexcopy USB Duplicator Systems . 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. Multi-year agreement with Footprint supports SAMBAZONs sustainable packaging initiative. When comparing offers or services, verify relevant information with the institution or provider's site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. UrbanFootprint lets users look at current land use plans in their communities and visualize the potential for where new people, buildings, and urban amenities might go as population grows in the future. Our patented fiber technologies are disrupting the industry. 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. 45 on this years CNBC Disruptor 50 list, at $1.6 billion following the SPAC mergers completion. 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 company employs more than 2,500 employees, with operations in the U.S., Mexicali, Europe, and Asia. Creates a common platform for stakeholders to depict a wide range of land use and planning concepts and scenarios. it's been delivered there. Use the training services of our company to understand the risks before you start operations. 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. 1. Additional information regarding the names and interests of such participants will be contained in the Registration Statement for the proposed business combination when available. Footprint is rapidly expanding into new categories with customized and patented solutions for customers. Your simple and straightforward guide to ETFs, how they work and the different types available. Finder is not a client of any featured partner. 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 Gores Holdings VIII may also file other documents regarding the proposed business combination with the SEC. A second teenage boy has been arrested in connection with a fatal drive-by shooting earlier this month in midtown Phoenix, authorities said Monday. Today marks an exciting inflection point in our seven-year history inventing new materials that challenge the status quo.. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. 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. 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. 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. 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. 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