The Latest SPAC News and Rumors: October 4, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Redwire back on acquisition trail with deal for QinetiQ Space and Footprint showcases development of plant-based recyclable packaging for Gillette
Redwire back on acquisition trail with deal for QinetiQ Space
British defense firm QinetiQ is selling its Belgian commercial satellite systems division to Redwire, a U.S.-based consolidator of space infrastructure.
Redwire (NYSE:RDW) said Oct.3 it plans to buy QinetiQ Space, which supplies small satellites and other instruments for European end-to-end space missions, for 32 million euros ($31.4 million).
In September 2021, Redwire became a public company by merging with Genesis Park Acquisition Corp., a special purpose acquisition company, to fuel further acquisitions.
READFootprint Showcases Development of Innovative Plant-Based Recyclable Packaging for Gillette
Footprint, a global materials science technology company focused on creating a healthier planet, released a case study highlighting its recent development of a custom plant-based fiber tray to package the GilletteLabs Razor with Exfoliating Bar. Gillette, the world’s leading expert in men’s grooming and a core brand in the portfolio of multinational consumer goods corporation Procter & Gamble (P&G), became the first brand to implement Footprint’s new color-based molded fiber in its packaging. The plastic-free, certified recyclable tray from Footprint supports Gillette’s goal to achieve 100% recyclable packaging by 2030, as well as Footprint’s goal to create a healthier planet.
In December 2021, Footprint announced its intention to list on NASDAQ as a public company in a business combination agreement with Gores Holdings VIII, Inc. (Nasdaq: GIIX, GIIXW and GIIXU).