Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. Forward-looking statements speak only as of the date they are made. "With corporations, regulators and consumers alike increasingly demanding high-quality, sustainable alternatives to single-use plastic, foam and other products, Footprint's 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 in a press release statement. Gores Holdings VIII may also file other documents regarding the proposed business combination with the SEC. 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. WebLeave a footprint. We want to hear from you. While also working with the sports team to eliminate single-use plastic and test new technologies at their facility. 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. 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. 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. Learn about our diverse team of engineers, scientists and changemakers. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. Footprint spent a full year engineering a quality straw that performs like plastic. So the footprint of Eurostar is around 4% of a flight: [ 6 / 156 *100 = 4%]. PHOENIX Footprint, the Gilbert company with naming rights to the Phoenix Suns arena, announced Tuesday that its agreed to become a publicly traded WebWhat is your Ecological Footprint? With corporations, regulators and consumers alike increasingly demanding high-quality, sustainable alternatives to single-use plastic, foam and other products. In July, the company also agreed with the Phoenix Suns, re-naming the NBA teams home complex to Footprint Center. 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. 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. 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. Finder is a registered trademark of Hive Empire Pty Ltd, and is used under license by Globally, total transport activity is expected to more than double by 2050 compared with 2015 under the trajectory reflecting current efforts. The deal is expected to value Footprint, ranked No. A link has been emailed to you - check your inbox. 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. Provides an effective tool for decision makers, public agency staff, and the public to identify land use planning options. Dawn Daniels is a publisher with Finder, based out of Oregon. 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. Uber boasts 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. Moelis & Company LLC is also acting as financial advisor to Gores Holdings VIII. Footprints products have already led to a global We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Footprint is rapidly expanding into new categories with customized and patented solutions for customers. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 2023 CNBC LLC. Is it worth buying? 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 foregoing list of factors is not exhaustive. The deal is expected to value Footprint, ranked No. The transaction implies an enterprise value of approximately $1.6 billion for the combined company, representing approximately 3.2x of 2023 estimated revenue. We're changing the world. 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. Every scan unlocks a $0.02 $10.00 donation, which is funded by product sales and corporate partnerships. Past performance is no guarantee of future results. 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. Please refer to our Risk Disclosure Statement. 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#. CheckThemOut. 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. 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. 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. 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. If you rely on the information on this page then you do so entirely on your own risk. Information on this page is for educational purposes only. 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, priced at $10 a share, was backed by Koch Strategic Platforms among others and Koch separately committed to provide $150 million in preferred financing. Consider opening a brokerage account today so you're ready as soon as the stock hits the market. 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. By: Katherine Martinelli. 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. information service that aims to provide you with information to help you make better decisions. The major market events for the week ahead right in your inbox. Make unlimited commission-free trades, plus earn 4% interest on uninvested cash in your account with Robinhood Gold. 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. 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. It takes champions throughout the ecosystem to eliminate single-use plastic. Talk with a financial professional if you're not sure. 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. 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. 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. Their customers include Walmart (WMT.N), McDonalds (MCD.N), Kraft Heinz Co (KHC.O), and Nestle (NESN.S). 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. Buying an IPO is as simple as buying any other stock, but not every trading platform offers IPO stocks. Footprint offers plant-based packaging solutions Photo: Footprint Content Materials science company Footprint on Tuesday agreed a merger and initial public The agreement with Gores Holdings VIII provides Footprint with $805m in gross proceeds, including $345m from the SPAC itself. 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. 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. Place your bet on your favorite Indian cricket team directly on your phone! 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