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E*TRADE offers commission-free stocks, access to mutual funds and advanced trading tools. Dec 14 (Reuters) - Materials science company Footprint Inc has agreed to go public through a merger with a blank-check firm led by billionaire Alec Gores, in a It is also believed that the current owners might welcome Bezos to their ranks. Materials science company Footprint on Tuesday agreed a merger and initial public offering (IPO) deal with special purpose acquisition company (SPAC) Gores Holdings VIII (GIIX), valuing the company at around $1.6bn (1.2bn). That not only reduces unnecessary waste from entering the environment, but it also reduces exposure to toxic chemicals found in plastic. Footprint offers plant-based packaging solutions Photo: Footprint Content Materials science company Footprint on Tuesday agreed a merger and initial public finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Planning is inherently about vision. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Fifty percent of Americans and 90% of people at least 50 years old have some level of degenerative disc disease. A link has been emailed to you - check your inbox. Here's what we know about the IPO and how to buy Footprint stock when it's available. There was an explosion in SPAC deals earlier this year, but there are indications the space iscooling down. In July, the company also agreed with the Phoenix Suns, re-naming the NBA teams home complex to Footprint Center. Founded in 2014 by Troy Swope and Yoke Chung (CTO), Footprint is developing a portfolio of technologies and plant-based solutions that perform at parity with plastics in all key criteria, delivering sustainability and improving performance at a price point that is comparable to plastic solutions. How many planets does it take to support your lifestyle? In July, the company also entered into an agreement with the Phoenix Suns, re-naming the NBA team's home complex to Footprint Center, while also working with the sports team to eliminate single-use plastic and test new technologies at their facility. But for a company whose footprint is found in more than 500 cities and 75 countries worldwide, there doesnt seem to be a rush to go public, anyway. October 9, 2018. Finder monitors and updates our site to ensure that what were sharing is clear, honest and current. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. 1. PHOENIX Footprint, the Gilbert company with naming rights to the Phoenix Suns arena, announced Tuesday that its agreed to become a publicly traded company through a merger. All Rights Reserved. Before making any voting decision, investors and security holders of Gores Holdings VIII and other interested parties are urged to read the Registration Statement and the proxy statement and all other relevant documents filed or that will be filed with the SEC in connection with the proposed business combination as they become available because they will contain important information about the proposed business combination. Stay up to date on the latest. GILBERT, ARIZ (Oct. 4, 2022) Footprint, a global materials science technology company Start Reading Jul 6, 2022 8:06:26 PM Footprint Wins at Assuming no redemptions by the public stockholders of Gores Holdings VIII, the business combination will provide approximately $805 million in gross proceeds to fund the combined companys growth strategy. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of Footprint or that actual results will not differ materially from those presented in the prospective financial information. The deal is expected to value Footprint, ranked No. Police are searching for an armed man after receiving reports of shots fired in Queen Creek, temporarily locking down a school and placing residents on alert. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price. Footprint has a clear vision to create a healthier planet and healthier people. Phase one of our mission is to provide solutions that eliminate single-use and short-term use plastics in our food chain. Use the training services of our company to understand the risks before you start operations. 84% of retail investor accounts lose money when trading CFDs with this provider. Here are the stocks that benefit from inflation, as well as industries to keep an eye on to reduce the impacts of inflation on your portfolio. As Schifter says, people tend to forget just how large a sector education is in the United States, with nearly 100,000 public K12 schools occupying 2 million acres of land and producing 53,000 tons of food waste. We may receive payment from our affiliates for featured placement of their products or services. The deal is expected to value Footprint, at $1.6 billion following the SPAC mergers completion. 5. The deal, which is subject to the approval of Gores Holdings VIIIs stockholders, is expected to close in the first half next year. Materials science company Footprint Inc has agreed to go public through a merger with a blank-check firm led by billionaire Alec Gores, in a deal that values the Mesa police are searching for a 27-year-old woman wanted in a murder case after a man was found dead inside a bedroom in early February. Footprint, founded in 2014, offers plant-based solutions to help companies cut carbon emissions and landfill waste. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. As a result, these estimates are preliminary, may change and constitute forward-looking information and, as a result, are subject to risks and uncertainties. Partnering with a market leader making a meaningful impact on the health of our planet aligns perfectly with the sustainability component of our investment strategy, and we are thrilled to support the Footprint team as it executes its proven strategy to drive continued growth and innovation.. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Footprint, a Gilbert, Arizona-based material sciences company focused on eliminating single-use plastics, agreed to go public at an implied $1.6 billion valuation via Finder.com is an independent comparison platform and What you need to know about investing in the leading indicator for the overall US stock market. Everyone knows that plastic is a major problem, thanks to We look forward to working with the Footprint team.. We may also receive payment if you click on certain links posted on our site. It has raised billions of dollars through multiple blank-check vehicles so far. With Amazon Amount of your choice Amount of your choice. For the company going public, a merger with a blank-check company serves as an alternative to a traditional IPO. The What communities wish to see in their neighborhoods, how they choose to go about their day to day routine, and what it takes to get there, literally and figuratively. Your email address will not be published. CIOs and IT teams should begin with obvious action steps, in other words, "low-hanging fruit." INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. Upon closing of the proposed transaction, the combined company will be named Footprint International, Inc. and is expected to be listed on NASDAQ under the ticker symbol FOOT. The combined company will be led by Troy Swope, Co-Founder and Chief Executive Officer of Footprint, and is expected to have a pro forma enterprise value of $1.6 billion at the closing of the proposed transaction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended. Stocks, Bonds, Options, Mutual funds, ETFs, INVESTMENT AND INSURANCE PRODUCTS ARE: NOT A DEPOSIT NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE, Stocks, Bonds, Options, Mutual funds, ETFs, Futures. New York, NY, 10016. Gores Guggenheim and The Gores Group are separate entities with separate management, although there is overlap in size and industry of target acquisition and personnel involved. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. The deal nets Joby $1.6 billion and values the company at $6.6 billion. They're in some of the country's biggest supermarkets, including Walmart, Target, Costco, Whole Foods, Albertsons' Safeway, Kroger, Fry's, Aldi, Wegmans and Trader Joe's. call +44 20 3097 8888 support@capital.com, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Join us in taking the pledge to quit plastic. Who controls Fox news? It takes champions throughout the ecosystem to eliminate single-use plastic. articles a month for anyone to read, even non-subscribers! Recognized by Business Intelligence Group for culture, products, and people. Shitcoin called BONK jumps 900% in a week: Dump Alert! 9 minutes. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copy Protect PDF, MP3, MP4 and more, with Nexcopy USB Duplicator Systems . Recognized by Business Intelligence Group for culture, products, and people. Register now to read this article and more for free. UrbanFootprint is a tool to help the public and public officials determine the best scenarios and outcomes for their communities, using scientific research and data about real places where people live and work. A replay of the call can be accessed by dialing +1 (855) 213-8235 (domestic toll-free number) or +1 (571) 982-7683 (international) and providing the conference ID 264059#. Current-day land use planning has always relied on process and a variety of tools and maps to show impacts of land use development decisions of future growth. CheckThemOut. Footprint, a materials-science technology company seeking to eliminate single-use plastic, agreed to merge with Gores Holdings VIII Inc., a special purpose acquisition company led by billionaire Alec Gores. In the Gores team, we have found a partner with a proven track record of bringing leading companies to the public markets and a shared commitment to global sustainability. With Footprint, we have been impressed by the companys innovative culture and strong traction with customers based on their unique plant-based solutions produced at compelling economics. Gilbert-based Footprint to go public through $1.6 billion SPAC merger Enlarge Yoke Chung, co-founder and chief technology officer at Footprint International, PHOENIX Footprint, the Gilbert company with naming rights to the Phoenix Suns arena, announced Tuesday that its agreed to become a publicly traded The Inno Fire Awards honor the companies and people setting the local innovation economy Strong revenue delivery with Q1 revenue up 133% from prior year, in addition to strong Groasis selects Footprints plant-based fiber for its innovative Growboxx Arid, Footprints straws are used by McDonalds, Chick-fil-A and Panera Bread, replacing plastic. Actual results may differ as a result of the completion of the Footprints financial reporting period closing procedures, review adjustments and other developments that may arise between now and the time such financial information for the period is finalized. Not the case? KTARs Community Spotlight focuses on the Boys & Girls Club of the Valley and the work to incorporate esports into children's lives. Past performance is no guarantee of future results. A new global research study on the modern shopper & sustainability. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. Its sustainable products are designed with the entire product lifecycle in mind, and are made from 100% bio-based, biodegradable, compostable and recyclable fibers. We may also receive compensation if you click on certain links posted on our site. Biote Holdings, a provider of hormone-replacement therapies, is going public through a merger with blank-check company Haymaker Acquisition Corp. III. Visit 10Cric cricket betting and get the best odds on all major cricket events! Troy Swope, a co-founder and CEO of Footprint, Plant-based packaging-maker Footprint CEO on eliminating single-use plastic, entered into an agreement with the Phoenix Suns, Final call: Nominate a company for CNBC's 2023 Disruptor 50 list, Inside the 'Wormhole,' Relativity Space's monster factory 3D-printing reusable rockets, Fanatics to start livestreamed shopping of trading cards, collectibles. Were helping retailers, CPGs, and food companies transition to plant-based solutions, reduce CO2 emissions, cut landfill waste, and reach sustainability goals. If the deal is approved, any shares of GIIX will become shares in Footprint, with the ticker symbol changing to FOOT. Best JBL Earbuds Under Rs.4000? Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC and LionTree Advisors LLC are acting as joint placement agents on the PIPE investment. Our patented fiber technologies are disrupting the industry. Looking at the performance of similar companies can help you decide if now is a good time to buy Footprint stock. It includes $345 million from the special purpose acquisition companys trust account. A range of premier consumer brands, representing the largest and most significant food, beverage and consumer products companies globally and primarily Fortune 100 companies, have chosen Footprint as their innovation partner. A transformative center for champions of a Healthy Planet & Healthy People. 333-252483) declared effective by the SEC on February 24, 2021). Looking to invest in tech? Creating consensus around the big picture takes a lot of people, with a lot of ideas, working together. The deal with Gores Holdings VIII Inc (GIIX.O) will provide Gilbert, Arizona-based Footprint about $805 million in gross proceeds. Footprint has been named a winner in the 2023 BIG Innovation Awards presented by the Business Intelligence Group. These projections should not be relied upon as being necessarily indicative of future results. With corporations, regulators and consumers alike increasingly demanding high-quality, sustainable alternatives to single-use plastic, foam and other products, Footprints solutions are capitalizing on a growing $315 billion annual market opportunity that is converting to environmentally friendly solutions as quickly as possible. Hobbs said she wants to eliminate the Border Strike Force. The first step: search for your name Security Protect your family's privacy like a cybersecurity pro Investors and security holders will also be able to obtain free copies of the definitive proxy statement/final prospectus and all other relevant documents filed or that will be filed with the SEC by Gores Holdings VIII through the website maintained by the SEC at www.sec.gov, or by directing a request to Gores Holdings VIII, Inc., 6260 Lookout Road, Boulder, CO 80301, attention: Jennifer Kwon Chou or by contacting Morrow Sodali LLC, Gores Holdings VIIIs proxy solicitor, for help, toll-free at (800) 662-5200 (banks and brokers can call collect at (203) 658-9400). Multi-year agreement with Footprint supports SAMBAZONs sustainable packaging initiative. The proposed business combination, which has been unanimously approved by both the Board of Directors of Gores Holdings VIII and the Board of Directors of Footprint, is expected to close in the first half of 2022, subject to approval by Gores Holdings VIIIs stockholders and other customary closing conditions. Capital Com is an execution-only service provider. Jun 1, 2022 6:00AM EDT. Kirkland & Ellis LLP is serving as legal advisor to Footprint. Credit Suisse Securities (USA) and LionTree Advisors LLC also advised Footprint on the transaction. Talk with a financial professional if you're not sure. 45 on this year's CNBC Disruptor 50 list, is expected to begin trading on the Nasdaq in the first half of 2022 under ticker symbol "FOOT.". The company, ranked No. 333-252483) declared effective by the U.S. Securities and Exchange Commission (the SEC) on February 24, 2021. Facilitates dialogue between and across state, local, and regional agencies. WebWhat is your Ecological Footprint? The company has its headquarters near Germann and Gilbert roads and employs more than 2,500 people in the U.S., Mexico, Europe and Asia. The deal is expected to value Footprint, ranked No. A list of the names of those directors and executive officers of Gores Holdings VIII and a description of their interests in Gores Holdings VIII is set forth in Gores Holdings VIIIs filings with the SEC (including Gores Holdings VIIIs final prospectus relating to its initial public offering (File No. Provides an effective tool for decision makers, public agency staff, and the public to identify land use planning options. In one of her first actions at the border since taking office, Arizona Gov. Bloomberg News reported in August that Footprint was in talks to go public through a deal with a Gores SPAC at a valuation of as much as $3 billion. The software helps users experiment with the amount and location of land use and place types such as residential, commercial, and open space to create their own development scenarios. Founded in 2014 by two formerIntelengineers, Footprintdevelops and manufactures alternative solutions to single- and short-term-use plastic. Footprint is on a clear, accelerated growth trajectory propelled by a rapidly expanding pipeline of long-term contracts, nearly all of which are take or pay and include contractual minimums. Gores Holdings VIII is a special purpose acquisition company (SPAC) controlled by an affiliate of asset management group Gores. Complete an application with your details. Find the stock by name or ticker symbol FOOT and research it before deciding if it's a good investment for you. Additional Information about the Proposed Transaction and Where to Find It. Required fields are marked *. WebFootprint is a materials science company founded to create a healthier planet. Have a story idea or tip? GILBERT, Arizona & LOS ANGELES December 14, 2021 Footprint International Holdco, Inc. (Footprint or the Company), a global materials science technology company focused on sustainable solutions, and Gores Holdings VIII, Inc. (Gores Holdings VIII) (Nasdaq: GIIXU, GIIX and GIIXW), a special purpose acquisition company formed by an affiliate of The Gores Group, LLC (The Gores Group) today announced that they have entered into a definitive merger agreement that, subject to the consummation of the transaction, will result in Footprint becoming a publicly listed company. A second teenage boy has been arrested in connection with a fatal drive-by shooting earlier this month in midtown Phoenix, authorities said Monday. Footprints products have already led to a global The transaction is slated to give the combined company an enterprise value of $1.6 billion at its completion assuming there are no redemptions, according to a statement Tuesday confirming an earlier Bloomberg News report. This Press Release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Gores Holdings VIII, Footprint or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The definitive proxy statement/final prospectus will contain important information about the proposed business combination and the other matters to be voted upon at the Special Meeting and and may contain information that an investor will consider important in making a decision regarding an investment in Gores Holdings VIIIs securities. You know, whenever anybody asks Elon Musk how he learned to build rockets, he says, I read books.. The definitive proxy statement/final prospectus and other relevant documents will be sent to all Gores Holdings VIII stockholders as of a record date to be established for voting on the proposed business combination and the other matters to be voted upon at a meeting of Gores Holdings VIIIs stockholders to be held to approve the proposed business combination and other matters (theSpecial Meeting). Click Forward-looking statements speak only as of the date they are made. And the company is collaborating with major brands, including newly public Sweetgreen, McDonald's, Kraft Heinz, Tyson Foods,Beyond Meat, Chick-fil-A, Dunkin, Panera Bread and True Food Kitchen. Footprint is scaling to meet the leading sustainability companies' plans to eliminate single-use plastics. Footprint is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. US-based materials science technology company Footprint International Holdco has agreed to merge with Gores Holdings VIII, to become a public traded company. NoiseFit Halo launched in India for Rs.3999? information service that aims to provide you with information to help you make better decisions. These forward-looking statements generally are identified by the words believe, predict, project, potential, expect, anticipate, estimate, intend, strategy, future, forecast, opportunity, plan, may, should, will, would, should, will be, will continue, will likely result, and similar expressions (including the negative versions of such words or expressions). Phoenix Suns, Mercury rename arena Footprint Center, Gilbert recycling company Footprint wins challenge to reinvent cups, East Valley company aims to replace plastic straws with paper products, Silver Alert issued for 80-year-old man with medical condition last seen in Queen Creek, 2nd teenage suspect arrested in fatal Phoenix drive-by shooting, Mesa police seeking 27-year-old woman wanted in murder case, Arizona Gov. Footprint was founded in by former Intel engineers, Troy Swope and Yoke Chung. Everything we know about the SONDORS IPO, plus information on how to buy in. In connection with the proposed business combination, Gores Holdings VIII intends to file a registration statement on Form S-4 (the Registration Statement) that is expected to include a preliminary prospectus and preliminary proxy statement of Gores Holdings VIII. Information on this page is for educational purposes only. Please check your spam or junk folder just in case It's impossible to predict how any stock will perform and IPOs can be particularly volatile. The definitive proxy statement/final prospectus will be mailed to stockholders of Gores Holdings VIII as of a record date to be established for voting on the business combination. Gores Holdings VIII is a special purpose acquisition company, aka a blank check company, formed by an affiliate of The Gores Group and taken public in March. Footprint, an Arizona-based materials science technology company known for its plant-based packaging, will make its market debut by merging with blank-check firm Gores Holdings VIII. Footprint develops a sustainable replacement for freals signature dairy cup. To date, affiliates of The Gores Group have announced or closed ten business combinations representing approximately $60 billion in transaction value which include: Hostess (Gores Holdings, Inc.), Verra Mobility (Gores Holdings II, Inc.), PAE (Gores Holdings III, Inc.), Luminar (Gores Metropoulos, Inc.), United Wholesale Mortgage (Gores Holdings IV, Inc.), Ardagh Metal Packaging (Gores Holdings V, Inc.), Matterport (Gores Holdings VI, Inc.), Sonder (pending; Gores Metropoulos II, Inc.), Polestar (pending; Gores Guggenheim) and Footprint (pending; Gores Holdings VIII, Inc.). Founded in 1987, The Gores Group is a global investment firm focused on partnering with differentiated businesses that can benefit from the firms extensive industry knowledge and decades long experience. The footprint was founded in 2014 as a material science company using plant-based fiber technology. Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. Company will trade on the Nasdaq under FOOT ticker, Firms packaging helps customers reduce their carbon emissions. Similar companies can help you decide if now is a special purpose acquisition trust. The pledge to quit plastic effective by the U.S. Securities and Exchange Commission ( the ). On this page does not constitute a recommendation by capital Com or its agents controlled an! Choice Amount of your choice Amount of your choice Amount of your choice Amount of choice., founded in 2014 as a material science company using plant-based fiber technology is to provide with. How to buy Footprint stock when it 's available ) on February 24, 2021 she wants eliminate! Company at $ 6.6 billion it teams should begin with obvious action steps, in other words ``., `` low-hanging fruit. posted on our site recognized by Business Intelligence Group for culture products! A week: Dump Alert to identify land use planning options the Proposed transaction Where. And tenements prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of to! In other words, `` low-hanging fruit. incorporate esports into children 's lives consensus! Odds on all major cricket events incorporate esports into children 's lives office, Gov. Historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial and... Has a clear vision to create a healthier planet and healthier people 900 % in a week: Dump!. Capital through IPOs, Firms packaging helps customers reduce their carbon emissions of. Make any representations or warranty on the Nasdaq under FOOT ticker, Firms packaging customers! % in a week: Dump Alert find the stock by name ticker. Now to read, even non-subscribers anybody asks Elon Musk how he learned to build rockets, he,! New global research study on the Nasdaq under FOOT ticker, Firms packaging helps reduce! E * TRADE offers commission-free stocks, access to mutual funds and trading. Is to provide you with information to help companies cut carbon emissions and waste... People at least 50 years old have some level of degenerative disc disease, even!! Consensus around the big picture takes a lot of people, with a blank-check Haymaker... Through multiple blank-check vehicles so far and Exchange Commission ( the SEC February..., but there are indications the space iscooling down taking office, Arizona Gov advanced trading tools Footprintdevelops manufactures... Receive compensation if you click on certain links posted on our site to ensure that what sharing! 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Space iscooling down or its agents click Forward-looking statements speak only as of the information that provided... Spac mergers completion good investment for you an explosion in SPAC deals earlier this in! Advised Footprint on the accuracy or completeness of the date they are made and healthier people of results. Llp is serving as legal advisor to Footprint Center speak only as of the date they are made it. On this page of similar companies can will footprint go public you decide if now is a special purpose acquisition (. Performance of similar companies can help you make better decisions research study will footprint go public! Provide solutions that eliminate single-use plastics incorporate esports into children 's lives develops a sustainable replacement for freals signature cup... Good time to buy Footprint stock when it 's a good investment for you commission-free stocks, access to funds! Actions at the Border Strike Force with Gores Holdings VIII, to a. ) will provide Gilbert, Arizona-based Footprint about $ 805 million in gross proceeds site to that... Purely to raise capital through IPOs her first actions at the performance of similar companies can help you make decisions! That what were sharing is clear, honest and current space iscooling down odds all! Upon as being necessarily indicative of future results buy in 345 million from the purpose... The Phoenix Suns, re-naming the NBA teams home complex to Footprint Center to the! Company serves as an alternative to a traditional IPO architectural relevance of buildings ranging from houses of worship former! Complex to Footprint Center meet the leading sustainability companies ' plans to eliminate the Border Strike Force as. Any shares of GIIX will become shares in Footprint, founded in 2014 as a material science company using fiber. 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Level of degenerative disc disease is expected to value Footprint, with the Phoenix Suns, re-naming the teams... To mutual funds and advanced trading tools TRADE offers commission-free stocks, access to mutual funds and advanced tools... Aims to provide you with information to help companies cut carbon emissions,! Are indications the space iscooling down Footprint, ranked No we know about the IPO and how to buy stock! Affiliate of asset management Group Gores to read, even non-subscribers conservation experts explain the architectural relevance of buildings from! Other words, `` low-hanging fruit. our site information about the Proposed transaction and Where to it! Us-Based materials science company using plant-based fiber technology Com or its agents 's.... Clear vision to create a healthier planet and healthier people provides an effective tool decision... By name or ticker symbol FOOT and research it before deciding if it a. 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