Mergers and Acquisitions, Mergers and Acquisitions, Content

SPAC Merger: 3-D Printing Company Markforged Going Public


3-D printing company Markforged is merging with One, a SPAC (special purpose acquisition company) led by technology industry veteran Kevin Hartz. The expected result: Markforged will go public. Shares will be listed on the New York Stock Exchange under the ticker symbol MKFG.

A SPAC or “blank check” company (such as One) is designed to raise funds in an initial public offering (IPO) with the aim of acquiring a private business. The acquired private company (in this case, Markforged) then becomes publicly held as result of the merger, Reuters notes.

ChannelE2E has been tracking more than 30 technology-focused SPACs since January 2021. We believe SPAC organizations may acquire MSP software companies as soon as this year (2021).

While SPACs offer a fast-path for companies to go public, there's also a risk of a SPAC bubble since so many SPACs are raising money to acquire and/or merge with privately held businesses.

Markforged, SPAC Merger: 3-D Printer M&A Details

More than 10,000 facilities across 70 countries leverage Markforged’s products. The company has printed more than 10 million parts, and in 2020 generated revenue of approximately $70 million. The combined company will have an estimated post-transaction equity value of approximately $2.1 billion at closing.

Marketforged's platform combines 3D printers with industrial-grade materials and cloud-based machine learning software, providing modern manufacturers with "the resources to create more resilient and agile supply chains while saving time and money," the companies say.

Joe Panettieri

Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.