Our information is based on independent research and may differ from what you see from a financial institution or service provider. 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. 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). 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. Heres how to buy shares in the major tech companies, known as FAANG stocks. Visit 10Cric cricket betting and get the best odds on all major cricket events! Forward-looking statements speak only as of the date they are made. Neither Gores Holdings VIII nor Footprint gives any assurance that either Gores Holdings VIII or Footprint will achieve its expectations. It takes champions throughout the ecosystem to eliminate single-use plastic. After the deal closes in the first half of 2022, the company based in Gilbert, Arizona will list on the NASDAQ under the FOOT ticker. 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. As a result, these estimates are preliminary, may change and constitute forward-looking information and, as a result, are subject to risks and uncertainties. E*TRADE offers commission-free stocks, access to mutual funds and advanced trading tools. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. 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Your email address will not be published. Got a confidential news tip? The deal is expected to value Footprint at $1.6 billion following the SPAC merger's completion. All of an Internet users public information makes up their digital footprint -- the information about someone that is available online. 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. 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 Multi-year agreement with Footprint supports SAMBAZONs sustainable packaging initiative. (Podcast). These projections should not be relied upon as being necessarily indicative of future results. 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. We may receive payment from our affiliates for featured placement of their products or services. 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. 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. 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. The first step: search for your name Security Protect your family's privacy like a cybersecurity pro CheckThemOut. 84% of retail investor accounts lose money when trading CFDs with this provider. Steps to owning and managing NVOS, with 24-hour and historical pricing before you buy. Past performance is no guarantee of future results. The deal with Gores Holdings VIII Inc (GIIX.O) will provide Gilbert, Arizona-based Footprint about $805 million in gross proceeds. 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. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. In her spare time, Dawn enjoys hiking ridiculous distances and collapsing in exhaustion. 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. Steps to investing in the Vanguard (VTI) Total Stock Market ETF. Footprint, a materials-science technology company seeking to eliminate single-use plastic, agreed to merge with Gores Holdings VIII Inc., a special purpose acquisition company led by billionaire Alec Gores. 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. 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. Finder.com LLC. Creates a common platform for stakeholders to depict a wide range of land use and planning concepts and scenarios. Sign up for free newsletters and get more CNBC delivered to your inbox. Users can make planning decisions based upon possible outcomes and identify future patterns of development for their community. For more information, please visit www.gores.com. Have a story idea or tip? Weve taken on a big mission to change the world, and we cannot do it alone. Please refer to our Risk Disclosure Statement. 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 Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. 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. Company will trade on the Nasdaq under FOOT ticker, Firms packaging helps customers reduce their carbon emissions. We may also receive compensation if you click on certain links posted on our site. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. You have the option of making a monthly donation. Gores Holdings VIII, Footprint and certain of their respective directors, executive officers may be deemed participants in the solicitation of proxies from Gores Holdings VIIIs stockholders with respect to the proposed business combination. And with its big carbon footprint, those solutions begin in schools themselves. The transaction implies an enterprise value of approximately $1.6 billion for the combined company, representing approximately 3.2x of 2023 estimated revenue. Best JBL Earbuds Under Rs.4000? Footprint is rapidly expanding into new categories with customized and patented solutions for customers. Provides an effective tool for decision makers, public agency staff, and the public to identify land use planning options. 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. It has more than $500 million of annual revenue contracted with customers such as Kraft, McDonalds, Procter & Gamble and Walmart, according to the release. 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. Recognized by Business Intelligence Group for culture, products, and people. Recognized by Business Intelligence Group for culture, products, and people. 32 East 31st Street, 4th Floor, Cochise County voted Tuesday to give responsibility for elections through 2024 to the county's elected Republican recorder. That not only reduces unnecessary waste from entering the environment, but it also reduces exposure to toxic chemicals found in plastic. Footprint to go public via merger with Gores-backed SPAC Footprint, a global materials science technology company focused on sustainable solutions, has 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. 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. 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. 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. Creating consensus around the big picture takes a lot of people, with a lot of ideas, working together. Footprint anticipates a value of $1.6 billion at the end of a merger that will take the company public. 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. Qatar investors planning to make an offer for Manchester United, Apples iPhone 14 Pro Max Manufacture Cost Only Marginally Higher Than Its Predecessor. Without a clear picture of an organization's digital carbon footprint, IT leaders may be understandably confused about how to start an initiative. 45 on this year's CNBC Disruptor 50 list, is expected to begin trading on the Nasdaq in the first half of 2022 under ticker symbol "FOOT.". 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. UrbanFootprint is a tool to help the public and public officials determine the best scenarios and outcomes for their communities, using scientific research and data about real places where people live and work. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Footprint offers game-changing materials science solutions that are the gold standard in the industry as the world transitions to plastic alternatives, Mark Stone, The Gores Group senior managing director and Gores Holdings VIII CEO, said in the release. Let us look into it! Before making any voting decision, investors and security holders of Gores Holdings VIII and other interested parties are urged to read the Registration Statement and the proxy statement and all other relevant documents filed or that will be filed with the SEC in connection with the proposed business combination as they become available because they will contain important information about the proposed business combination. 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. Begin with the easier tasks. Stocks, Options, ETFs, Cryptocurrency, Winner of Finders Best Broker for Beginners, Stocks, Options, ETFs, Cryptocurrency, Futures, Highly commended for Best Derivatives Trading Platform. 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. 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 Footprints customers include the leading player in multiple categories, including dairy, shelf stable cups, meat trays, QSR, frozen food, produce and CPG. 45 on this year's CNBC Disruptor 50 list, at $1.6 billion following the SPAC merger's completion. Footprint is scaling to meet the leading sustainability companies' plans to eliminate single-use plastics. 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. The Suns will also encourage players to take part in the pledge, as well as other entertainers who perform in the arena. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. Globally, total transport activity is expected to more than double by 2050 compared with 2015 under the trajectory reflecting current efforts. Make unlimited commission-free trades, plus earn 4% interest on uninvested cash in your account with Robinhood Gold. 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. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: 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. Strong revenue delivery with Q1 revenue up 133% from prior year, in addition to strong revenue against 2022 plan. 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. The material provided on this website is for information purposes only and should not be understood as an investment advice. 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. 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. Footprint spent a full year engineering a quality straw that performs like plastic. WebFootprint is a materials science company founded to create a healthier planet. 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. New York, NY, 10016. 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