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. 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. Why? Empowers local communities to understand the relationships between what gets built and the health, environment, and economic impacts of development. WebWhat is your Ecological Footprint? PHOENIX Footprint, the Gilbert company with naming rights to the Phoenix Suns arena, announced Tuesday that its agreed to become a publicly traded Visit 10Cric cricket betting and get the best odds on all major cricket events! The deal is expected to value Footprint at $1.6 billion following the SPAC merger's completion. The definitive proxy statement/final prospectus will be mailed to stockholders of Gores Holdings VIII as of a record date to be established for voting on the business combination. here to register, Not for publication, email or dissemination, Shannon OLeary on diversity and steering clear of peak stupid, Ares backs BlueCove; Thoma Bravo closes Coupa deal; plus Black History Month interviews, Red Arts Chad Strader: Diversity is good for business; US PE firms vie for public European names, PE pioneer Thomas H. Lee passes away; ArcLights Great River Hydro exit plus evolution of infrastructure investments, DCP Capital to buy stake in Chinese business of Jamieson Wellness, Peak Rock-backed Hospeco Brands Group acquires Innocore. 45 on this year's CNBC Disruptor 50 list, at $1.6 billion following the SPAC merger's completion. 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 simple guide to buying stocks in your favorite European soccer team. All of an Internet users public information makes up their digital footprint -- the information about someone that is available online. Still, valuations have gained as money managers are also increasingly factoring in ESG policies in their investments. Numerous websites and internet services employ text messages sent via SMS for multi-factor authentication and password resets. Information on this page is for educational purposes only. 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. 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. articles a month for anyone to read, even non-subscribers! By: Katherine Martinelli. 2023 Capital Com SV Investments Limited. Theyre in some of the countrys biggest supermarkets, including Walmart, Target, Costco, Whole Foods, Albertsons Safeway, Kroger, Frys, Aldi, Wegmans, and Trader Joes. The deal is expected to value Footprint, ranked No. 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). Demand is closely linked to population and economic growth As economies and populations grow, demand for goods grows, as does the number of people with the desire and means to travel. Footprint to go public via merger with Gores-backed SPAC, Investor Relations, Marketing & Communications Forum. 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. Other fees apply. Taking a domestic flight emits 255 grams CO 2 e per km * 500 km = 127.5 kg CO 2 e. 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. 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. Management of Footprint and Gores Holdings VIII will host an investor conference call on Tuesday, December 14, 2021 at 9:00 am EST to discuss the proposed business combination. 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. Complete an application with your details. 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. SPACs are 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. 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. Multi-year agreement with Footprint supports SAMBAZONs sustainable packaging initiative. Don't have an account? 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The agreement with Gores Holdings VIII provides Footprint with $805m in gross proceeds, including $345m from the SPAC itself. Their customers include Walmart (WMT.N), McDonalds (MCD.N), Kraft Heinz Co (KHC.O), and Nestle (NESN.S). You know, whenever anybody asks Elon Musk how he learned to build rockets, he says, I read books.. 32 East 31st Street, 4th Floor, The barge was supposed to unload its undesirable cargo into a landfill in North Carolina, but that proved harder than expected. Globally, total transport activity is expected to more than double by 2050 compared with 2015 under the trajectory reflecting current efforts. 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. 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 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. 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. Planning is inherently about vision. For more information on Footprints sustainable solutions visit www.footprintus.com. Finder makes money from featured partners, but editorial opinions are our own. 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. In connection with the proposed business combination, Gores Holdings VIII intends to file a registration statement on Form S-4 (the Registration Statement) that is expected to include a preliminary prospectus and preliminary proxy statement of Gores Holdings VIII. The deal with Gores Holdings VIII Inc (GIIX.O) will provide Gilbert, Arizona-based Footprint about $805 million in gross proceeds. Phase one of our mission is to provide solutions that eliminate single-use and short-term use plastics in our food chain. In her spare time, Dawn enjoys hiking ridiculous distances and collapsing in exhaustion. Creating consensus around the big picture takes a lot of people, with a lot of ideas, working together. While also working with the sports team to eliminate single-use plastic and test new technologies at their facility. 333-252483) declared effective by the U.S. Securities and Exchange Commission (the SEC) on February 24, 2021. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. 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. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in Gores Holdings VIIIs definitive proxy statement contained in the Registration Statement (as defined below), including those under Risk Factors therein, and other documents filed by Gores Holdings VIII from time to time with the SEC. Hear the latest economic, business and market news, as well as global, national, and local news. UrbanFootprint can be used for policy development at the local, regional, and state level: Promoting sustainability, health and equity across the State, Transformative Climate Communities Program (TCC), Affordable Housing and Sustainable Communities (AHSC), Sustainable Agricultural Lands Conservation (SALC). It takes champions throughout the ecosystem to eliminate single-use plastic. it's been delivered there. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Once Footprint goes public, you'll need a brokerage account to invest. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. The company employs more than 2,500 employees, with operations in the U.S., Mexicali, Europe, and Asia. Footprint, an Arizona-based materials science technology company known for its plant-based packaging, will make its market debut by merging with blank-check Capital Com is an execution-only service provider. 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. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: Steps to owning and managing NVOS, with 24-hour and historical pricing before you buy. 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. We have just sent you an email so you can verify your account. information service that aims to provide you with information to help you make better decisions. Shitcoin called BONK jumps 900% in a week: Dump Alert! The resulting company is projected to have a total enterprise value of $1.6 billion, according to the release. We want to hear from you. Taking the Eurostar emits around 6 grams of CO 2 per passenger kilometer, compared to 156 grams from a short-haul flight. KTARs Community Spotlight focuses on the Boys & Girls Club of the Valley and the work to incorporate esports into children's lives. Not the case? Gilbert-based Footprint to go public through $1.6 billion SPAC merger Enlarge Yoke Chung, co-founder and chief technology officer at Footprint International, As Schifter says, people tend to forget just how large a sector education is in the United States, with nearly 100,000 public K12 schools occupying 2 million acres of land and producing 53,000 tons of food waste. 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. Past profits do not guarantee future profits. Techstory.in is a website about exciting startup stories and inspiring entrepreneur journeys. It is going public via a merger with special-purpose acquisition corporation Gores Holdings VIII Inc., the companies said in a joint statement on Tuesday. 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. The PIPE investment, which was oversubscribed, and Class C Preferred Financing are anchored by Koch Strategic Platforms and include a meaningful commitment from Gores Holdings VIII Sponsor and affiliates. Learn about our diverse team of engineers, scientists and changemakers. Hobbs said she wants to eliminate the Border Strike Force. Footprint, a global materials science technology company focused on sustainable solutions, has agreed to merge with Gores Holdings VIII Inc, a blank check company backed by The Gores Group. Its sustainable products are designed with the entire product lifecycle in mind, and are made from 100% bio-based, biodegradable, compostable and recyclable fibers. 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.. 84% of retail investor accounts lose money when trading CFDs with this provider. 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 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. 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