(Reuters) – Materials science technology company Footprint took a 38% cut to its valuation as part of an amended merger deal with a blank-check firm backed by billionaire Alec Gores, the companies said on Tuesday.
Footprint is now valued at $1 billion, down from $1.6 billion in December, when the deal was announced.
(Reporting by Niket Nishant in Bengaluru; Editing by Vinay Dwivedi)
