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INDUSTRIAL | Manufacturing / Paper & Paper Product Manufacturing
footprintus.com

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Founded Year

2013

Stage

Acq - Pending | Acquired

Total Raised

$451.13M

Valuation

$0000 

About Footprint

Footprint designs, develops and manufactures plant-based fiber solutions. The products are designed to replace single and short-term use plastic.

Footprint Headquarter Location

250 E Germann Rd.

Gilbert, Arizona, 85297,

United States

480-550-9401

Latest Footprint News

Footprint International to Go Public Via Deal With SPAC Gores Holdings

Dec 14, 2021

December 14, 2021 - Advertisement - The companies said Footprint International Holdco Inc. plans to be publicly listed on Nasdaq through a combination with Gores Holdings VIII Inc., a special-purpose acquisition company formed by an affiliate of Gores Group LLC. Footprint is a materials science company that has developed advanced coating and process technologies it says enable plant-based materials to compete with traditional plastics-based technologies on performance and price. - Advertisement - The company said footprint shareholders, including clients Conagra, JBS, Egglands Best and Sweetgreen, will roll over 100% of their equity holdings into the new public company. At closing, the combined company will be named Footprint International Inc. and is expected to be listed on Nasdaq under the ticker symbol FOOT, the companies said. The combined company is expected to have a pro forma enterprise value of $1.6 billion upon winding up. The companies said the deal will provide approximately $805 million in gross proceeds, including $345 million in cash from Gorse Holdings VIII and approximately $460 million in additional capital, including $150 million in Class C preferred financing, which will be immediately funded. will be funded. A private investment in public equity investments, which were oversubscribed, and Class C preferred financing are anchored by the Coach Strategic Platform and include commitments from Gores sponsor VIII LLC and affiliates, the companies said. Footprint said its customer base includes Conagra, General Mills, Gillette, JBS Foods, Kraft, McDonald’s, Sweetgreen, Nestle, Upfield, Procter & Gamble, Quaker, Taylor Farms, Tyson, Unilever and Walmart. Write to Michael Dabai at [email protected] ,

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Research containing Footprint

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Footprint in 5 CB Insights research briefs, most recently on Jun 22, 2021.

Expert Collections containing Footprint

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Footprint is included in 1 Expert Collection, including Packaging & Labeling Tech.

P

Packaging & Labeling Tech

521 items

Companies providing traditional and tech-enabled packaging and labeling solutions for brands.

Footprint Patents

Footprint has filed 13 patents.

The 3 most popular patent topics include:

  • Papermaking
  • Building engineering
  • Paper
patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/16/2018

10/27/2020

Papermaking, Paper, Paper products, Solid mechanics, Mechanics

Grant

Application Date

8/16/2018

Grant Date

10/27/2020

Title

Related Topics

Papermaking, Paper, Paper products, Solid mechanics, Mechanics

Status

Grant

Footprint Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Footprint Rank

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