Markforged begins trading on the New York Stock Exchange

Markforged, Watertown, Massachusetts, USA, today began trading on the New York Stock Exchange following the company’s previously announced merger witha,a special purpose acquisition company sponsored by A-star and founded and led by Kevin Hartz. Markforged common stock trades under the ticker symbol ‘MKFG’ and ‘MKFG.WS‘ for Markforged warrants.

Markforged has received approximately $361 million in gross proceeds before transaction costs, 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.

As part of the merger, the existing management team, led by Shai Terem, president and CEO of Markforged, will continue the business. Kevin Hartz and Carol Meyers, venture partners at Glasswing Ventures, LLC, will join the Markforgeds board of directors. Alan Masarek, most recently CEO of Vonage, will join the board as chairman.

To celebrate the occasion, Markforged has additively manufactured its own version of the bell that has been opened every day on the New York Stock Exchange since the 1870s. The bell is made using Markforged technology and consists of materials such as 17-4 stainless steel, carbon fiber reinforced onyx, copper and more.

Today is a proud moment for the entire Markforged team and an important milestone in our mission to reinvent manufacturing today so our customers can build anything they imagine tomorrow, said Terem. As a publicly traded company, we will continue to focus on executing our ambitious product roadmap and further accelerating innovation, expanding customer adoption and capitalizing on the strong secular trends in Additive Manufacturing, extending our platform to even more production floors. can bring all over the world. 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 manufacturing. I couldn’t be more excited about our talented team and the opportunities in this next chapter.

Hartz noted: As a publicly traded company, Markforged can build new relationships as a critical partner to even more leading global manufacturers, leveraging the transaction’s comprehensive platform and proceeds to accelerate impact and growth. I am delighted to join the board of directors and work with a group of talented and diverse directors. I look forward to contributing to the team as Markforged continues to grow and this emerging industry matures and transforms modern manufacturing in the coming years.

www.markforged.com

www.a-star.co