Markforged announces departure of General Counsel

WALTHAM, MA - Markforged Holding Corporation (NYSE:MKFG), a company specializing in computer peripheral equipment with a market capitalization of $58 million, announced the upcoming departure of its General Counsel, Stephen Karp. Mr. Karp will leave his role effective March 3, 2025, as he plans to pursue a new opportunity outside of the company.

The announcement was made in a recent filing with the Securities and Exchange Commission. According to the document, Karp informed the Board of Directors of his decision on February 4, 2025. The company stated that his resignation did not stem from any disagreements regarding operations, policies, or practices.

Markforged, based at 60 Tower Road, Waltham, Massachusetts, is recognized under the SIC code 3577 for Computer Peripheral Equipment, NEC. The company, which operates under the ticker symbol MKFG, is listed on the New York Stock Exchange.

The filing made clear that the change in the company’s legal department is a personnel matter without any underlying dispute with corporate management or the board. The company has not yet named a successor for Mr. Karp.

This development comes as Markforged continues to navigate the competitive tech landscape, focusing on innovation in computer peripheral equipment. The company is classified as an emerging growth company and has not elected to use the extended transition period for complying with new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Investors and stakeholders are keeping a watchful eye on how this transition will unfold and how it might influence the company’s strategic legal direction moving forward. The information reported here is based on the company’s SEC filing.

In other recent news, Markforged Holding Corp has been making significant progress in its merger process with Nano Dimension Ltd (NASDAQ:NNDM), as detailed in a recent 8-K filing with the Securities and Exchange Commission. The merger, first announced on September 25, 2024, involves Nano Dimension’s subsidiary merging into Markforged, with Markforged continuing as an indirect wholly-owned subsidiary of Nano Dimension. Notably, the companies have secured all necessary foreign regulatory filings, except for the Committee on Foreign Investment in the United States (CFIUS) approval, moving them closer to finalizing the merger.

In another development, Markforged’s stockholders have approved the proposed acquisition by Nano Dimension. This approval was granted during a special meeting of stockholders, with a majority of the shares voting in favor of the merger. Following the terms of the merger agreement, Markforged is set to become an indirect wholly-owned subsidiary of Nano Dimension.

These are recent developments in the additive manufacturing industry, combining Markforged’s expertise in computer peripheral equipment with Nano Dimension’s specialization in additive manufacturing of electronics. The merger is still under the standard regulatory review process, and the companies remain committed to fulfilling all necessary conditions. Further updates are expected following the CFIUS decision.

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