Gores Group to take another company public via SPAC

BOULDER and GILBERT, Arizona — Investment firm The Gores Group announced Tuesday that it plans to take public Arizona manufacturing company Footprint via a special-purpose acquisition company.  

As a SPAC transaction, the companies will combine in a reverse merger, with the new company trading publicly under the Footprint name and branding. The company currently trades under the stock ticker GIIX. When the merger is complete, the ticker symbol will change to FOOT.

Footprint is focused on plastic replacement, reduction and elimination through the development of plant-based polymers and manufacturing technologies for fiber-based packaging.

This will be the tenth company that The Gores Group…