Actual results may differ as a result of the completion of the Footprints financial reporting period closing procedures, review adjustments and other developments that may arise between now and the time such financial information for the period is finalized. Past performance is no guarantee of future results. Learn about our diverse team of engineers, scientists and changemakers. As a dynamic tool, UrbanFootprint provides a way to have an organized, recordable, and consistent method to visualize land use options and estimate future outcomes. This Press Release contains financial forecasts with respect to Footprints projected financial results, including revenue. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. 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. Without a clear picture of an organization's digital carbon footprint, IT leaders may be understandably confused about how to start an initiative. here to register, Not for publication, email or dissemination, Shannon OLeary on diversity and steering clear of peak stupid, Ares backs BlueCove; Thoma Bravo closes Coupa deal; plus Black History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. Steps to owning and managing NVOS, with 24-hour and historical pricing before you buy. Looking to invest in tech? Not the case? Who controls Fox news? What you need to know about investing in the leading indicator for the overall US stock market. Footprint has been named a winner in the 2023 BIG Innovation Awards presented by the Business Intelligence Group. Your simple and straightforward guide to ETFs, how they work and the different types available. 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. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. 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. 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. 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. 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. UrbanFootprint is a tool to help the public and public officials determine the best scenarios and outcomes for their communities, using scientific 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 has raised billions of dollars through multiple blank-check vehicles so far. 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Qatar investors planning to make an offer for Manchester United, Apples iPhone 14 Pro Max Manufacture Cost Only Marginally Higher Than Its Predecessor. Stay up to date on the latest. There may be additional risks that neither Gores Holdings VIII or Footprint presently know or that Gores Holdings VIII or Footprint currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. WebFootprint is a materials science company founded to create a healthier planet. Techstory.in is a website about exciting startup stories and inspiring entrepreneur journeys. 2023 CNBC LLC. Finder is not an advisor or brokerage service, and we don't recommend investors to trade specific stocks or other investments. 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. 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. The deal with Gores Holdings VIII Inc (GIIX.O) will provide Gilbert, Arizona-based Footprint about $805 million in gross proceeds. Past profits do not guarantee future profits. Join us in taking the pledge to quit plastic. 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. The transaction implies an enterprise value of approximately $1.6 billion for the combined company, representing approximately 3.2x of 2023 estimated revenue. articles a month for anyone to read, even non-subscribers! 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. 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. If you rely on the information on this page then you do so entirely on your own risk. Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. Everything we know about the Neuraxis IPO, plus information on how to buy in. Still, valuations have gained as money managers are also increasingly factoring in ESG policies in their investments. Place your bet on your favorite Indian cricket team directly on your phone! 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 is rapidly expanding into new categories with customized and patented solutions for customers. We may receive payment from our affiliates for featured placement of their products or services. Our patented fiber technologies are disrupting the industry. Hear the latest economic, business and market news, as well as global, national, and local news. The major market events for the week ahead right in your inbox. Founded in 2014 by two formerIntelengineers, Footprintdevelops and manufactures alternative solutions to single- and short-term-use plastic. 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. 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. Alec Gores' Gores Group is also in the process of taking Volvo's electric vehicle unit Polestar public. 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. Get this delivered to your inbox, and more info about our products and services. While also working with the sports team to eliminate single-use plastic and test new technologies at their facility. Finder.com LLC. The deal, which is subject to the approval of Gores Holdings VIIIs stockholders, is expected to close in the first half next year. SPACs or special purpose acquisition companies raise capital from public markets and use that cash to merge with a private company, with the goal of taking the company public within a two-year period. Build a CFD portfolio with your favourite companies. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. Is it worth buying? 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. Pass it along to the KTAR News team here. A Division of NBCUniversal. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Gores Holdings VIII may also file other documents regarding the proposed business combination with the SEC. 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. 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. Weekly Start-up Funding Roundup (February 6 to 12), SC Grants Highest Level Z-Plus Security to Mukesh Ambani and Family Across India and Abroad, Eventbrite Inc restructuring plan to affect 30% of remaining job roles, Tesla CEO Elon Musk Becomes Worlds Richest Person Once Again, How to Bury a spiders Head in the ground(Duelling Feat) in Hogwarts Legacy, Users baffled as WhatsApp keeps crashing on iPhone, House Speaker Nancy Pelosi opposes banning Congress members from owning individual stocks, Best website hosting service providers 2023. 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