Koch invests in Footprint at $1.6 billion valuation
Clients Koch Strategic Platforms
Jones Day advised Koch Strategic Platforms in its $150 million investment in the Class C Preferred Stock of Footprint International Holdco, Inc. Footprint is a materials-science technology company seeking to eliminate single-use plastic. Immediately after Koch Strategic Platform's investment in Footprint, Footprint agreed to merge with Gores Holdings VIII Inc., a special purpose acquisition company. The transaction features an approximately $310 million private investment in public equity, or PIPE. In addition to its primary investment in the Class C Preferred Stock, Koch Strategic Platforms separately agreed to invest in Gores' PIPE.