Inactive Instrument

Gores Holdings VIII, Inc.

GIIX

US3828631081

Footprint valuation drops 38% after amended SPAC deal

September 06, 2022 at 06:15 am EDT

Sept 6 (Reuters) - Materials science technology company Footprint took a 38% cut to its valuation as part of an amended merger deal with a blank-check firm backed by billionaire Alec Gores, the companies said on Tuesday.

Footprint is now valued at $1 billion, down from $1.6 billion in December, when the deal was announced. (Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi)

Latest news about Gores Holdings VIII, Inc.

Gores Holdings VIII, Inc.(NasdaqCM:GIIX) dropped from NASDAQ Composite Index	22-12-29	CI
Gores Holdings VIII, Footprint End Merger Deal	22-12-05	MT
Footprint LLC cancelled the acquisition of Gores Holdings VIII, Inc. from a group of shareholders in a reverse merger transaction.	22-12-03	CI
Gores Holdings VIII, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-10	CI
Gores Holdings VIII, Footprint Amends Merger Agreement	22-09-06	MT
Footprint valuation drops 38% after amended deal with Gores-backed SPAC	22-09-06	RE
Footprint valuation drops 38% after amended SPAC deal	22-09-06	RE
Gores Holdings VIII, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-05	CI
Gores Holdings VIII, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-13	CI
Gores Holdings VIII, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-29	CI
Footprint to Go Public via Merger with SPAC Gores Holdings VIII	21-12-14	MT
Footprint LLC executed term sheet to acquire Gores Holdings VIII, Inc. from a group of shareholders for $1.1 billion in a reverse merger transaction.	21-12-13	CI
Footprint International Holdco, Inc. announced that it has received funding from Gores Holdings VIII, Inc., Koch Strategic Platforms, LLC	21-12-13	CI
Gores Holdings VIII, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-11-15	CI
Certain Class F Common Stock of Gores Holdings VIII, Inc. are subject to a Lock-Up Agreement Ending on 23-AUG-2021.	21-08-22	CI
Gores Holdings Viii, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021	21-08-13	CI
Gores Holdings Viii, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021	21-06-17	CI
Gores Holdings VIII, Inc.(NasdaqCM:GIIX) added to NASDAQ Composite Index	21-04-27	CI
Gores Holdings VIII, Inc. announced that it has received $8.899998 million in funding from Gores Sponsor VIII LLC	21-02-28	CI
Gores Holdings VIII, Inc. has completed an IPO in the amount of $300 million.	21-02-24	CI
Gores Holdings VIII, Inc. has filed an IPO in the amount of $300 million.	21-01-27	CI
Gores Holdings VIII, Inc. announced that it expects to receive $7.999998 million in funding from Gores Sponsor VIII LLC	21-01-26	CI

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Gores Holdings VIII, Inc. is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company has not selected any business combination target and it has not initiated any substantive discussions, directly or indirectly, with any business combination target. It neither engages in any business operations nor generates any revenues.

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