Metal 3D printing company Markforged announces plans to go public via SPAC

Metal 3D printing company Markforged announces plans to go public via SPAC

3 years ago
Anonymous $rH7oE7DjRg

https://techcrunch.com/2021/02/24/metal-3d-printing-company-markforged-announces-plans-to-go-public-via-spac/

Big morning for Massachusetts tech companies planning to go public via SPAC. Shortly after Berkshire Grey unveiled its intentions, Watertown-based Markforged has announced its own plans. The metal 3D printing company intends to merge with ONE, a special purpose acquisition company created by Kevin Hartz, who will join its board.

The deal, which could value the additive manufacturing company at around $2.1 billion, would bring in around $400 million in cash. Markforged plans to use the money on R&D for new products, materials and building out new verticals for its tech. Shai Terem will stay on as CEO.