Other fees apply. Heres how to buy shares in the major tech companies, known as FAANG stocks. Her background includes editing more than 40 published books, including books on personal finance and meditation. 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). Here's what we know about the IPO and how to buy Footprint stock when it's available. It is also believed that the current owners might welcome Bezos to their ranks. Get this delivered to your inbox, and more info about our products and services. With corporations, regulators and consumers alike increasingly demanding high-quality, sustainable alternatives to single-use plastic, foam and other products. 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, Troy Swope, Footprint co-founder and CEO, said in a press release. Capital Com is an execution-only service provider. Got a confidential news tip? 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). Have a story idea or tip? Footprint spent a full year engineering a quality straw that performs like plastic. 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. 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. Empowers local communities to understand the relationships between what gets built and the health, environment, and economic impacts of development. The deal features a roughly $310 million private investment in public equity, or PIPE. Increasing consumer and corporate demand for sustainable alternatives to plastic have created a tremendous, growing market opportunity that is expected to continue to fuel Footprints rapid growth and customer traction. The barge was supposed to unload its undesirable cargo into a landfill in North Carolina, but that proved harder than expected. 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. Footprint International Holdco Inc., a maker of coating technologies that allow plant-based materials to compete with traditional plastic-based materials. 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. Footprint is scaling to meet the leading sustainability companies' plans to eliminate single-use plastics. 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. 5. 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. But for a company whose footprint is found in more than 500 cities and 75 countries worldwide, there doesnt seem to be a rush to go public, anyway. 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. 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. 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. 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. It's impossible to predict how any stock will perform and IPOs can be particularly volatile. Information on this page is for educational purposes only. 84% of retail investor accounts lose money when trading CFDs with this provider. If you rely on the information on this page then you do so entirely on your own risk. Materials science company Footprint on Tuesday agreed a merger and initial public offering (IPO) deal with special purpose acquisition company (SPAC) Gores Holdings VIII (GIIX), valuing the company at around $1.6bn (1.2bn). In July, the company also agreed with the Phoenix Suns, re-naming the NBA teams home complex to Footprint Center. 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. Footprint International, a maker of biodegradable products aimed at eliminating single-use plastics, is reportedly in talks to go public via merger with a Footprints independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this Press Release, and accordingly, they did not express an opinion or provide any other form of assurance with respect thereto for the purpose of this Press Release. Consider opening a brokerage account today so you're ready as soon as the stock hits the market. Gores is among Wall Streets most prolific SPAC dealmakers. Increasing consumer and corporate demand for sustainable alternatives to plastic have created a tremendous, growing market opportunity that is expected to continue to fuel Footprints rapid growth and customer traction, Gores Holdings VIII chair Alec Gores said. 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. While also working with the sports team to eliminate single-use plastic and test new technologies at their facility. 1. It is going 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. Qatar investors planning to make an offer for Manchester United, Apples iPhone 14 Pro Max Manufacture Cost Only Marginally Higher Than Its Predecessor. Once Footprint goes public, you'll need a brokerage account to invest. Your simple and straightforward guide to ETFs, how they work and the different types available. Footprint is expected to go public soon. The agreement with Gores Holdings VIII provides Footprint with $805m in gross proceeds, including $345m from the SPAC itself. 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. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, S&P 500 Wraps Up Turbulent Month Near Lows of Day: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. Click here. E*TRADE offers commission-free stocks, access to mutual funds and advanced trading tools. 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 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 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. it's been delivered there. It has raised billions of dollars through multiple blank-check vehicles so far. Sign up for free newsletters and get more CNBC delivered to your inbox. 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. You have the option of making a monthly donation. 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. This deal values the combined entity at about $1.6 billion including debt, the companies said on Tuesday. A transformative center for champions of a Healthy Planet & Healthy People. For the company going public, a merger with a blank-check company serves as an alternative to a traditional IPO. All of an Internet users public information makes up their digital footprint -- the information about someone that is available online. Past performance is no guarantee of future results. A new federal rule is expected to standardize climate disclosures, putting the U.S. on closer footing with other countries. 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. Footprint, founded in 2014, offers plant-based solutions to help companies cut carbon emissions and landfill waste. Steps to owning and managing NVOS, with 24-hour and historical pricing before you buy. A link has been emailed to you - check your inbox. 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. PHOENIX Footprint, the Gilbert company with naming rights to the Phoenix Suns arena, announced Tuesday that its agreed to become a publicly traded 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. 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. Current Footprint equity holders will retain approximately 62% ownership in Footprint and roll 100% of their equity interests into the pro forma company. In her spare time, Dawn enjoys hiking ridiculous distances and collapsing in exhaustion. The proposed business combination, which has been unanimously approved by both the Board of Directors of Gores Holdings VIII and the Board of Directors of Footprint, is expected to close in the first half of 2022, subject to approval by Gores Holdings VIIIs stockholders and other customary closing conditions. As a result, these estimates are preliminary, may change and constitute forward-looking information and, as a result, are subject to risks and uncertainties. We're changing the world. WebWhat is your Ecological Footprint? 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. 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. 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, co-founder and CEO of Footprint Troy Swope said in a press release. Taking the Eurostar emits around 6 grams of CO 2 per passenger kilometer, compared to 156 grams from a short-haul flight. 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. For inquiries regarding The Gores Group and affiliates: Jennifer Kwon ChouManaging DirectorThe Gores [email protected], John Christiansen/Cassandra BujarskiSard Verbinnen & [email protected], For investors:Reed [email protected], For media:Cory [email protected], Heather KnoxSVP Communications, [email protected]. The Inno Fire Awards honor the companies and people setting the local innovation economy Strong revenue delivery with Q1 revenue up 133% from prior year, in addition to strong Groasis selects Footprints plant-based fiber for its innovative Growboxx Arid, Footprints straws are used by McDonalds, Chick-fil-A and Panera Bread, replacing plastic. By: Katherine Martinelli. Visit 10Cric cricket betting and get the best odds on all major cricket events! And the company is collaborating with major brands, including newly publicSweetgreen, McDonalds, Kraft Heinz, Tyson Foods,Beyond Meat, Chick-fil-A, Dunkin, Panera Bread, and True Food Kitchen. The Suns will also encourage players to take part in the pledge, as well as other entertainers who perform in the arena. Let us look into it! We have just sent you an email so you can verify your account. Stocks, Options, ETFs, Cryptocurrency, Winner of Finders Best Broker for Beginners, Stocks, Options, ETFs, Cryptocurrency, Futures, Highly commended for Best Derivatives Trading Platform. 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. Joby Aviation, an electric aviation startup, is going public via a reverse merger with a SPAC. Footprint, a Gilbert, Arizona-based material sciences company focused on eliminating single-use plastics, agreed to go public at an implied $1.6 billion valuation via Looking to invest in tech? Stocks, ETFs, Cryptocurrency, Alternatives. 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. There was an explosion in SPAC deals earlier this year, but there are indications the space iscooling down. CheckThemOut. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copy Protect PDF, MP3, MP4 and more, with Nexcopy USB Duplicator Systems . 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). Begin with the easier tasks. Data is a real-time snapshot *Data is delayed at least 15 minutes. Find out how stock lending works, the extra income you could potentially earn and the risks you should be aware of. Build a CFD portfolio with your favourite companies. Globally, total transport activity is expected to more than double by 2050 compared with 2015 under the trajectory reflecting current efforts. Troy Swope, a co-founder and CEO of Footprint, Plant-based packaging-maker Footprint CEO on eliminating single-use plastic, entered into an agreement with the Phoenix Suns, Final call: Nominate a company for CNBC's 2023 Disruptor 50 list, Inside the 'Wormhole,' Relativity Space's monster factory 3D-printing reusable rockets, Fanatics to start livestreamed shopping of trading cards, collectibles. March 29-30, 2023 Convene, 117 W 46th St, New York, April 19-20, 2023 Convene, 117 W 46th St, New York, May 17-18, 2023 Hilton Tower Bridge, London, May 23-24, 2023 Convene 117 West 46th Street, New York, Get limited access to our industry news, analysis and data, plus regular email updates. Stay up to date on the latest. Company will trade on the Nasdaq under FOOT ticker, Firms packaging helps customers reduce their carbon emissions. That not only reduces unnecessary waste from entering the environment, but it also reduces exposure to toxic chemicals found in plastic. Hobbs said she wants to eliminate the Border Strike Force. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. Footprint was founded in by former Intel engineers, Troy Swope and Yoke Chung. 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. Register now to read this article and more for free. 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. Footprint, an Arizona-based materials science technology company known for its plant-based packaging, will make its market debut by merging with blank-check Footprint is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. JBL Wave Beam launched in India, ChatGPT Creator OpenAI in Talks for $29 Billion Value: WSJ. Pass it along to the KTAR News team here. 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. 32 East 31st Street, 4th Floor, Plus, compare stock trading platforms that offer stock lending. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. Footprint is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. 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