Markforged Announces Reverse Stock Split

Core Viewpoint - Markforged Holding Corporation announced a 1-for-10 reverse stock split of its Common Stock, effective September 19, 2024, to comply with the New York Stock Exchange's minimum bid price requirement [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert ten current shares into one new share, reducing the number of outstanding shares from approximately 203 million to about 20.3 million [3]. - The number of shares authorized for issuance will decrease from 1 billion to 100 million [3]. - The Common Stock will continue trading under the symbol "MKFG" with a new CUSIP number of 57064N201 [3]. Group 2: Impact on Shareholders - Stockholders will not need to take any action to receive post-split shares, as adjustments will be made automatically by their banks, brokers, or custodians [4]. - Fractional shares will not be issued; stockholders entitled to a fractional share will receive an additional fraction to ensure they own a whole number of shares post-split [3]. Group 3: Company Overview - Markforged specializes in industrial 3D printing, enabling on-demand production with its platform, The Digital Forge, serving over 10,000 customers in more than 70 countries [6].