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. The company, which entered a multiyear naming rights deal with the Suns for Footprint Center in downtown Phoenix in July, will merge with Gores Holdings VIII. Gores Holdings VIII is a special purpose acquisition company (SPAC) controlled by an affiliate of asset management group Gores. 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. 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. As a result, these estimates are preliminary, may change and constitute forward-looking information and, as a result, are subject to risks and uncertainties. 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. Get this delivered to your inbox, and more info about our products and services. 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. losed Joint Stock Company FinTech Solutions. 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. Today marks an exciting inflection point in our seven-year history inventing new materials that challenge the status quo.. We look forward to working with the Footprint team.. 333-252483) declared effective by the SEC on February 24, 2021). Optional, only if you want us to follow up with you. 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., Alec Gores, Chairman and CEO of The Gores Group and Chairman of Gores Holdings VIII, said: Footprint is a true pioneer and disruptor in sustainability, delivering leading technology and solutions that are revolutionizing the use of plant-based materials. For more information on Footprints sustainable solutions visit www.footprintus.com. We may also receive compensation if you click on certain links posted on our site. Phase one of our mission is to provide solutions that eliminate single-use and short-term use plastics in our food chain. Creates an outlet for local and regional public agencies to coordinate and leverage planning efforts. Neither Footprints nor Gores Holdings VIIIs independent registered accounting firm has audited, reviewed or compiled, examined or performed any procedures with respect to the preliminary results, nor have they expressed any opinion or any other form of assurance on the preliminary financial information. Contact us for more information. Click If you rely on the information on this page then you do so entirely on your own risk. Our patented fiber technologies are disrupting the industry. The transaction implies an enterprise value of approximately $1.6 billion for the combined company, representing approximately 3.2x of 2023 estimated revenue. Its sustainable products are designed with the entire product lifecycle in mind, and are made from 100% bio-based, biodegradable, compostable and recyclable fibers. 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. Qatar investors planning to make an offer for Manchester United, Apples iPhone 14 Pro Max Manufacture Cost Only Marginally Higher Than Its Predecessor. Every scan unlocks a $0.02 $10.00 donation, which is funded by product sales and corporate partnerships. Capital Com is an execution-only service provider. It is going Recognized by Business Intelligence Group for culture, products, and people. Stay up to date on the latest. Please refer to our Risk Disclosure Statement. 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. Numerous websites and internet services employ text messages sent via SMS for multi-factor authentication and password resets. Footprint, a global materials science technology company focused on sustainable solutions, has agreed to merge with Gores Holdings VIII Inc, a blank check company backed by The Gores Group. Readers are cautioned not to put undue reliance on forward-looking statements, and Gores Holdings VIII and Footprint assume no obligation and, except as required by law, do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Taking a domestic flight emits 255 grams CO 2 e per km * 500 km = 127.5 kg CO 2 e. Footprint has been named a winner in the 2023 BIG Innovation Awards presented by the Business Intelligence Group. Got a confidential news tip? 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. Don't have an account? It takes champions throughout the ecosystem to eliminate single-use plastic. So the footprint of Eurostar is around 4% of a flight: [ 6 / 156 *100 = 4%]. Looking at the performance of similar companies can help you decide if now is a good time to buy Footprint stock. With Amazon Amount of your choice Amount of your choice. 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). 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. 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. 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. They're in some of the country's biggest supermarkets, including Walmart, Target, Costco, Whole Foods, Albertsons' Safeway, Kroger, Fry's, Aldi, Wegmans and Trader Joe's. Advertiser Disclosure. In one of her first actions at the border since taking office, Arizona Gov. Looking to invest in tech? Accordingly, there can be no assurance that the prospective results are indicative of the future performance of Footprint or that actual results will not differ materially from those presented in the prospective financial information. 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). A Silver Alert was issued Tuesday evening for a 80-year-old man with a medical condition last seen in Queen Creek. 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 size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. Finder monitors and updates our site to ensure that what were sharing is clear, honest and current. 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. Footprint, founded in 2014, offers plant-based solutions to help companies cut carbon emissions and landfill waste. 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. GILBERT, ARIZ (Oct. 4, 2022) Footprint, a global materials science technology company Start Reading Jul 6, 2022 8:06:26 PM Footprint Wins at Hear the latest economic, business and market news, as well as global, national, and local news. Plus, compare stock trading platforms that offer stock lending. 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Your simple and straightforward guide to ETFs, how they work and the different types available. 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. 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 CIOs and IT teams should begin with obvious action steps, in other words, "low-hanging fruit." 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. In July, the company also agreed with the Phoenix Suns, re-naming the NBA teams home complex to Footprint Center. Here are the stocks that benefit from inflation, as well as industries to keep an eye on to reduce the impacts of inflation on your portfolio. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Find the stock by name or ticker symbol FOOT and research it before deciding if it's a good investment for you. 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. 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. Not the case? 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.. Planning is inherently about vision. Footprint develops a sustainable replacement for freals signature dairy cup. Weve taken on a big mission to change the world, and we cannot do it alone. 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. 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. Creates a common platform for stakeholders to depict a wide range of land use and planning concepts and scenarios. Footprint and the Suns are aiming to get fans involved, from videos talking about sustainability and how to manage their trash on the giant scoreboard during games, to encouraging people to sign up for a climate pledge initiative to cut plastics from their lives. Footprint is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. 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. 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. PHOENIX Footprint, the Gilbert company with naming rights to the Phoenix Suns arena, announced Tuesday that its agreed to become a publicly traded Techstory.in is a website about exciting startup stories and inspiring entrepreneur journeys. 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. KTARs Community Spotlight focuses on the Boys & Girls Club of the Valley and the work to incorporate esports into children's lives. 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. 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 assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. 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