For the company going public, a merger with a blank-check company serves as an alternative to a traditional IPO. Bloomberg News reported in August that Footprint was in talks to go public through a deal with a Gores SPAC at a valuation of as much as $3 billion. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed business combination may be obtained by reading the Registration Statement regarding the proposed business combination when it becomes available. SPACs are 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. Forward-looking statements speak only as of the date they are made. 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The material provided on this website is for information purposes only and should not be understood as an investment advice. Today marks an exciting inflection point in our seven-year history inventing new materials that challenge the status quo.. Everything we know about the TXO Energy IPO, plus information on how to buy in. Not the case? 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. Strong revenue delivery with Q1 revenue up 133% from prior year, in addition to strong revenue against 2022 plan. Footprint to go public via merger with Gores-backed SPAC, Investor Relations, Marketing & Communications Forum. 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. Click here. 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. Everything we know about the Neuraxis IPO, plus information on how to buy in. If you shop on Amazon you can help support 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 International Holdco Inc., a maker of coating technologies that allow plant-based materials to compete with traditional plastic-based materials. The SPAC, Gores Holdings VIII (GIIX), originally went public in April 2021 and currently trades on the Nasdaq. Facilitates dialogue between and across state, local, and regional agencies. 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.". Biote Holdings, a provider of hormone-replacement therapies, is going public through a merger with blank-check company Haymaker Acquisition Corp. III. Stay up to date on the latest. Trade stocks and ETFs commission-free, plus gain access to alternative investments like art, NFTs and more. In July, the company also entered into an agreement with the Phoenix Suns, re-naming the NBA team's home complex to Footprint Center, while also working with the sports team to eliminate single-use plastic and test new technologies at their facility. Today, we are inventing and manufacturing solutions that replace short-term use plastic. How many planets does it take to support your lifestyle? 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. Take this free quiz to find out! CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. It is also believed that the current owners might welcome Bezos to their ranks. The definitive proxy statement/final prospectus will contain important information about the proposed business combination and the other matters to be voted upon at the Special Meeting and and may contain information that an investor will consider important in making a decision regarding an investment in Gores Holdings VIIIs securities. 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. Creates an outlet for local and regional public agencies to coordinate and leverage planning efforts. 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. Past performance is no guarantee of future results. If the deal is approved, any shares of GIIX will become shares in Footprint, with the ticker symbol changing to FOOT. 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. Please refer to our Risk Disclosure Statement. We may also receive compensation if you click on certain links posted on our site. Find out how stock lending works, the extra income you could potentially earn and the risks you should be aware of. 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. 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. Footprint has a clear vision to create a healthier planet and healthier people. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. 84% of retail investor accounts lose money when trading CFDs with this provider. 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. 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. As a result, these estimates are preliminary, may change and constitute forward-looking information and, as a result, are subject to risks and uncertainties. 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. Consider opening a brokerage account today so you're ready as soon as the stock hits the market. The deal features a roughly $310 million private investment in public equity, or PIPE. 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.. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. The transaction implies an enterprise value of approximately $1.6 billion for the combined company, representing approximately 3.2x of 2023 estimated revenue. Please check your spam or junk folder just in case WebFootprint is a materials science company founded to create a healthier planet. Goldman Sachs & Co. LLC is serving as lead financial advisor to Footprint. Footprint is scaling to meet the leading sustainability companies' plans to eliminate single-use plastics. Stocks, Options, ETFs, Cryptocurrency, Winner of Finders Best Broker for Beginners, Stocks, Options, ETFs, Cryptocurrency, Futures, Highly commended for Best Derivatives Trading Platform. If you rely on the information on this page then you do so entirely on your own risk. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. 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. 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. Don't have an account? Qatar investors planning to make an offer for Manchester United, Apples iPhone 14 Pro Max Manufacture Cost Only Marginally Higher Than Its Predecessor. Our patented fiber technologies are disrupting the industry. 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. Phase one of our mission is to provide solutions that eliminate single-use and short-term use plastics in our food chain. Capital Com is an execution-only service provider. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. 80 Billion dollar companies have Indian Origin CEOs. You have the option of making a monthly donation. PHOENIX Footprint, the Gilbert company with naming rights to the Phoenix Suns arena, announced Tuesday that its agreed to become a publicly traded 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. A transformative center for champions of a Healthy Planet & Healthy People. The agreement with Gores Holdings VIII provides Footprint with $805m in gross proceeds, including $345m from the SPAC itself. Any opinion that may be provided on this page then you do so entirely on your own risk information only... Inc., a merger with a high risk of losing money rapidly due to leverage and... Experts explain the architectural relevance of buildings ranging from houses of worship former! 2022 plan account today so you 're ready as soon as the stock hits the.! Is for information purposes only and should not be understood as an alternative to a traditional IPO GIIX... 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will footprint go public