The former CEO has suggested that Formlabs CEO Max Lobovsky is the 'right person' to 'save Markforged from a doom spiral' after the company received a second notice of noncompliance from the New York Stock Exchange.
The initial Series D round was completed earlier in the year, but fundraising was extended due to ‘strong interest in accelerating development on several future programmes.’
Desktop Metal receives noncompliance notice from NYSE after average closing price of common stock falls below 1.00 USD over a consecutive 30 trading-day period.
BigRep has signed a non-binding letter of intent with special purpose acquisition (SPAC) company SMG Technology Acceleration SE to combine their businesses and list publicly on the Frankfurt Stock Exchange.
Markforged has been notified of a second New York Stock Exchange notice of noncompliance after its average closing price of common stock dipped below 1.00 USD.
TCT Group Content Manager Sam Davies speaks exclusively to Stratasys CEO Yoav Zeif about the company's plans after the Desktop Metal merger fell through.
The round was led by Hexagon AB, who invested 100 million USD into the company in January 2023, and included participation from new and existing institutional and family office investors.
At Formnext, Group Content Manager Sam Davies caught up with 6K Additive President Frank Roberts to learn more about the company's acquisition of Global Metal Powders & the partnership with Metal Powder Works.
Through this acquisition, BigRep believes it will realise 'far-reaching synergies' by offering a full spectrum of low-to-high temperature additive manufacturing solutions.
