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Troy Swope, Footprint’s cofounder and current CEO, will continue to lead the combined company. Footprint was founded in 2014 by Swope and chief technology o f f i c e r Yo k e C h u n g , w h o previously worked together as engineers at Intel in the Valley. The company makes plant-based fiber materials designed to eliminate single-use plastics for customers that include General Mills, Kraft, Tyson, Walmart and Proctor & Gamble. “ To d a y m a r k s a n e x c i t i n g inflection point in our seven-year history inventing new materials that challenge the status quo,” CEO Swope said in a statement. “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. 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.”
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in Lynchburg, VA. While maintaining a Gilbert-Based Footprint To Go Public Through $1.6 Billion strong local presence, ProLift has grown Spac Merger to be a national full-service rigging and
transport organization. Through our Footprint International, a Gilbert-based materials sciences paired company, said thatfullit local approach, with our would list its shares on the Nasdaq after a combination withcapabilities Gores Holdings VIII, Inc. service rigging and industry experts, they can service a wide variety Gores Holdings VII is a special purpose acquisition company, SPAC, formed by of customers acrossorvarious industries. The Gores Group, which is based in Los Angeles. The Gores Group has previously Through their experienced project brought several other companies to the public market viaengineering, SPAC mergersqualified and the management, possibility of merging with Footprint wasrigging originally reported in August. superintendents, operated crane and rigging services, specialized lifting and hauling equipment, and strategic After the proposed the combined would be valued at $1.6 billion warehouse locations;merger, ProLift ensures you areentity successful in any situation. with Footprint International Inc. trading under the ticker symbol “FOOT.” The company would gainhow about $805 in gross proceeds after the transaction, To learn more about ProLift canmillion help you with your moving, crating, and storage including $150 million private investment in public PIPE, led by Koch needs, anda for project management for extensive moves,equity, contactor them at 480.267.1556 Strategic Platforms. or visit proliftrigging.com A2Z MANUFACTURING SW
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Footprint established a new R&D center in the Netherlands to serve as the primary innovation hub for its European customers in September and the company said it already has $500 million of annual revenue fully committed for its 2023 fiscal year. By Andy Blye – Phoenix Business Journal
ElectraMeccanica Updates Timeline For Mesa Ev Manufacturing Facility El ectraMeccan i c a Vehi c l es Corp., the Canada-based electric vehicle manufacturer a n d d e s i g n e r, l a s t m o n t h