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Packaging-Technology Firm Footprint Said in Gores SPAC Talks

Footprint, a maker of plant-based fibers that’s attempting to eliminate single-use plastics, is in talks to go public through a merger with Gores Holdings VII Inc., a blank check-firm, according to people with knowledge of the matter.

A transaction is set to value the combined entity at as much as $3 billion, one of the people said. Terms aren’t finalized and it’s possible talks fall apart.