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Markforged is now officially trading as MKFG on the NYSE

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Markforged begins a new chapter as a publicly traded company. After completing the SPAC merger procedure, the company is now officially listed on the New York Stock Exchange under the ticker symbol MKFG.

In connection with the closing of the merger, Markforged has received approximately $361 million of gross proceeds before transaction expenses, including a $210 million PIPE from Baron Capital Group, funds and accounts managed by BlackRock, Miller Value Partners, Wasatch Global Investors, and Wellington Management, as well as existing Markforged shareholders M12 – Microsoft’s Venture Fund and Porsche Automobil Holding SE.

Markforged is now officially trading as MKFG on the NYSE
The New York Stock Exchange welcomes executives and guests of Markforged (NYSE:MKFG), today, Thursday, July 15, 2021, to celebrate its Listing. To mark the occasion President & CEO, Shai Terem, joined by Stacey Cunningham, NYSE President, ring the Buttonwood Bell and The Closing Bell®
Photo Credit: NYSE

As part of the merger, the existing management team, led by President and CEO Shai Terem, will continue to operate the business. Kevin Hartz and Carol Meyers, venture partner at Glasswing Ventures, LLC, will join Markforged’s Board of Directors. Alan Masarek, most recently CEO of Vonage (Nasdaq: VG) will join the Board as Chairman.

Markforged continued its commitment to delivering innovation in the additive manufacturing space with a number of production and pipeline milestones in 2021, including the introduction of its newest printer, the FX20, the release of the Metal X Gen 2 and X7 Field Edition, as well as its Next Day Metal software update, which unlocked increased speed and capacity across its global fleet, and AI-powered Blacksmith software for the X7 platform. Markforged also has brought on leading global partners such as Phillips Corporation and expanded its relationship with Würth Additive Group, a Würth Industry North America company. The company added to its Board of Directors and began an expansion of its Boston-area headquarters to support the growth of its team.

“Today is a proud moment for the entire Markforged team and a significant milestone in our mission to reinvent manufacturing today so our customers can build anything they imagine tomorrow,” said Shai Terem, President and Chief Executive Officer of Markforged. “As a publicly-traded company, we will continue to focus on executing on our ambitious product roadmap and further accelerating innovation, expanding customer adoption, and capitalizing on the strong secular trends in additive manufacturing, allowing us to bring our platform to even more manufacturing floors around the world for mission-critical use cases. Looking ahead, we have some exciting products in our pipeline as we move from accessible end-use parts to robust production. I couldn’t be more excited about our talented team and the opportunities in this next chapter.”

Additional information about the completed merger will be provided in a Current Report on Form 8-K to be filed by Markforged with the Securities and Exchange Commission and available at sec.gov. Citigroup Global Markets Inc. served as lead financial advisor and capital markets advisor to Markforged. William Blair and Stifel, Nicolaus & Company, Incorporated also acted as financial advisor and capital markets advisor to Markforged, and Goodwin Procter LLP served as legal counsel. Goldman Sachs & Co. LLC served as exclusive financial advisor to one and Cadwalader, Wickersham & Taft LLP served as legal counsel. Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC served as co-placement agents on the PIPE.

Research 2021
Ceramic AM Market Opportunities and Trends

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Davide Sher

Since 2002, Davide has built up extensive experience as a technology journalist, market analyst and consultant for the additive manufacturing industry. Born in Milan, Italy, he spent 12 years in the United States, where he completed his studies at SUNY USB. As a journalist covering the tech and videogame industry for over 10 years, he began covering the AM industry in 2013, first as an international journalist and subsequently as a market analyst, focusing on the additive manufacturing industry and relative vertical markets. In 2016 he co-founded London-based 3dpbm. Today the company publishes the leading news and insights websites 3D Printing Media Network and Replicatore, as well as 3D Printing Business Directory, the largest global directory of companies in the additive manufacturing industry.

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