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. Our plant-based fiber solutions are designed to be digestible by the earth. A new global research study on the modern shopper & sustainability. Founded in 2014 by two formerIntelengineers, Footprintdevelops and manufactures alternative solutions to single- and short-term-use plastic. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. 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. Complete an application with your details. Taking a domestic flight emits 255 grams CO 2 e per km * 500 km = 127.5 kg CO 2 e. You should only be asked to sign in once. In the Gores team, we have found a partner with a proven track record of bringing leading companies to the public markets and a shared commitment to global sustainability. Build a CFD portfolio with your favourite companies. Stocks, ETFs, Cryptocurrency, Alternatives. Footprint was founded in by former Intel engineers, Troy Swope and Yoke Chung. If you rely on the information on this page then you do so entirely on your own risk. 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. With corporations, regulators and consumers alike increasingly demanding high-quality, sustainable alternatives to single-use plastic, foam and other products, Footprints solutions are capitalizing on a growing $315 billion annual market opportunity that is converting to environmentally friendly solutions as quickly as possible. 2023 CNBC LLC. That not only reduces unnecessary waste from entering the environment, but it also reduces exposure to toxic chemicals found in plastic. The deal nets Joby $1.6 billion and values the company at $6.6 billion. Don't have an account? Trade stocks and ETFs commission-free, plus gain access to alternative investments like art, NFTs and more. here to register, Not for publication, email or dissemination, Shannon OLeary on diversity and steering clear of peak stupid, Ares backs BlueCove; Thoma Bravo closes Coupa deal; plus Black History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. By: Katherine Martinelli. 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. The deal is expected to value Footprint, ranked No. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. 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. Recognized by Business Intelligence Group for culture, products, and people. Taking the Eurostar emits around 6 grams of CO 2 per passenger kilometer, compared to 156 grams from a short-haul flight. All Rights Reserved. Consider opening a brokerage account today so you're ready as soon as the stock hits the market. 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. 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. Footprint is rapidly expanding into new categories with customized and patented solutions for customers. CheckThemOut. With corporations, regulators and consumers alike increasingly demanding high-quality, sustainable alternatives to single-use plastic, foam and other products. 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. Strong revenue delivery with Q1 revenue up 133% from prior year, in addition to strong revenue against 2022 plan. Only logged in subscribers of this site will be able to access the shared article. 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. Credit Suisse Securities (USA) and LionTree Advisors LLC also advised Footprint on the transaction. Today marks an exciting inflection point in our seven-year history inventing new materials that challenge the status quo.. A replay of the call can be accessed by dialing +1 (855) 213-8235 (domestic toll-free number) or +1 (571) 982-7683 (international) and providing the conference ID 264059#. 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. Sign up for free newsletters and get more CNBC delivered to your inbox. Globally, total transport activity is expected to more than double by 2050 compared with 2015 under the trajectory reflecting current efforts. Footprint to go public via merger with Gores-backed SPAC Footprint, a global materials science technology company focused on sustainable solutions, has 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. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. 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. 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. Footprint is expected to begin trading on the Nasdaq in the first half of 2022 under ticker symbol "FOOT.". The SPAC, Gores Holdings VIII (GIIX), originally went public in April 2021 and currently trades on the Nasdaq. This Press Release contains financial forecasts with respect to Footprints projected financial results, including revenue. The gross proceeds are comprised of $345 million of cash held in trust from Gores Holdings VIII and approximately $460 million of additional capital, including $150 million Class C Preferred Financing which will be funded immediately. The first step: search for your name Security Protect your family's privacy like a cybersecurity pro Fill it Forward makes branded bottles, cups, and bags with a QR code. 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). 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. Current Footprint equity holders will retain approximately 62% ownership in Footprint and roll 100% of their equity interests into the pro forma company. Click here. 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. The foregoing list of factors is not exhaustive. Let us look into it! Still, valuations have gained as money managers are also increasingly factoring in ESG policies in their investments. 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). Additional Information about the Proposed Transaction and Where to Find It. It is going 80 Billion dollar companies have Indian Origin CEOs. US-based materials science technology company Footprint International Holdco has agreed to merge with Gores Holdings VIII, to become a public traded company. 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. 2023 Techstory Media Pvt Ltd Contact : [email protected]. 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. The proceeds also consist of an oversubscribed private investment of $460m. 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. 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. 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. 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. Past performance is no guarantee of future results. Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. Gores Holdings VIII may also file other documents regarding the proposed business combination with the SEC. With Footprints current customers demanding more product and new customers seeking out Footprint as its sustainable innovation partner, Footprint has over $500 million of annual revenue contracted by its customers and is already more than fully committed on its 2023 estimated revenue. 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. We may receive payment from our affiliates for featured placement of their products or services. How likely would you be to recommend finder to a friend or colleague? With Amazon Amount of your choice Amount of your choice. New York, NY, 10016. Plus, compare stock trading platforms that offer stock lending. When comparing offers or services, verify relevant information with the institution or provider's site. While adults may find that sports gambling is a way to enhance the experience with more than just fandom on the line, it can be a dangerous proposition if children get involved in the activity. Stocks, Options, ETFs, Cryptocurrency, Winner of Finders Best Broker for Beginners, Stocks, Options, ETFs, Cryptocurrency, Futures, Highly commended for Best Derivatives Trading Platform. 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 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. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Talk with a financial professional if you're not sure. 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. 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. How many planets does it take to support your lifestyle? Company will trade on the Nasdaq under FOOT ticker, Firms packaging helps customers reduce their carbon emissions. The company, ranked No. Got a confidential news tip? 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.". Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. 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 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. Register now to read this article and more for free. 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. 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. Read this article and more Amount of your choice organization 's digital footprint... 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