Markforged, creator of an integrated metal and carbon fiber additive manufacturing platform, today announced it has entered into a definitive agreement to merge with one, a SPAC sponsored by A-star and founded and led by technology industry veteran Kevin Hartz.
The combined company will have an estimated post-transaction equity value of approximately $2.1 billion at closing. The transaction will provide $425 million in gross proceeds, assuming no redemptions by one shareholders, including a $210 million PIPE at $10 per share from investors including Baron Capital Group, funds and accounts managed by BlackRock, Miller Value Partners, Wasatch Global Investors and Wellington Management, as well as commitments from M12 – Microsoft’s Venture Fund and Porsche Automobil Holding SE, existing Markforged shareholders.
Upon completion, the combined company will retain the Markforged name and list on the NYSE under MKFG. Read more.
