Markforged (the “Company”), creator of an integrated metal and
carbon fiber additive manufacturing platform, The Digital Forge,
today announced that Mark Schwartz has been appointed Chief
Financial Officer, effective April 1, 2021. Schwartz brings
extensive experience as a public company CFO, leading capital
markets transactions and as part of management teams at high-growth
hardware manufacturing and SaaS and AI companies.
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Markforged announced that Mark Schwartz
has been appointed Chief Financial Officer. Schwartz brings
extensive experience as a public company CFO, leading capital
markets transactions and as part of management teams at high-growth
hardware manufacturing and SaaS and AI companies. (Photo: Business
Wire)
Schwartz takes over from interim CFO Assaf Zipori, who will now
lead the Company’s Corporate Development & Strategy. Markforged
is in the process of completing a definitive agreement to merge
with one (NYSE: AONE), a special purpose acquisition company, and
will be listed on the New York Stock Exchange under the ticker
symbol “MKFG” upon completion of the transaction.
“Mark Schwartz is a seasoned financial executive with deep,
relevant experience and a track record of driving results and
accelerating growth,” said Shai Terem, Markforged’s President and
Chief Executive Officer. “He’s a strong addition to our leadership
team, and his experience and track-record as a public company CFO
will be invaluable as we prepare to become a public company. I look
forward to working with him and am confident his leadership will
play a crucial role in fulfilling our vision to reinvent
manufacturing and execute for our customers.”
“Markforged’s combination of software, hardware, and materials
make it uniquely positioned to capture growing market opportunities
and empower manufacturers to create more resilient and agile supply
chains,” said Schwartz. “This is a pivotal time in Markforged’s
trajectory, and I am excited to work with the team to accelerate
growth and execute on the Company's strategic plan so that
customers can build anything they imagine.”
Schwartz brings more than 20 years of finance experience to
Markforged, including serving as a public company CFO. Schwartz is
joining Markforged from his recent role as Chief Financial Officer
of Trax, a leading provider of computer vision and artificial
intelligence in the retail sector. Prior to that role, he served as
CFO & EVP Strategy & Corporate Development at Fabrinet
(NYSE: FN) a leading provider of precision optical and
electromechanical engineering and manufacturing services. He has
also been an advisor to and investor in SaaS and manufacturing
companies across telecom, digital media, and healthcare.
Previously, Schwartz was an attorney specializing in M&A
transactions, private placements, and technology licensing.
About Markforged
Markforged transforms manufacturing with 3D metal and continuous
carbon fiber printers capable of producing parts tough enough for
the factory floor. The Markforged Digital Forge brings the power
and speed of agile software development to industrial
manufacturing, combining hardware, software, and materials to
eliminate the barriers between design and functional part.
Engineers, designers, and manufacturing professionals all over the
world rely on Markforged metal and composite printers for tooling,
fixtures, functional prototyping, and high-value end-use
production. Founded in 2013 and based in Watertown, MA, Markforged
has more than 250 employees globally. Markforged has been
recognized by Forbes in the Next Billion-Dollar Startups list, and
listed as the #2 fastest-growing hardware company in the US in the
2019 Deloitte Fast 500. In February 2021, Markforged announced it
entered into a definitive agreement to merge with one (NYSE: AONE),
a special purpose acquisition company founded and led by technology
industry veteran Kevin Hartz. The transaction is expected to close
in the summer of 2021, subject to regulatory and stockholder
approvals, and other customary closing conditions. The combined
company will retain the Markforged name and be listed on the NYSE
under the ticker symbol “MKFG.” To learn more about Markforged,
please visit https://markforged.com.
About one
one is a special purpose acquisition company sponsored by A*
formed for the purpose of effecting a business combination with one
or more businesses in the innovation economy. one completed its
initial public offering in August 2020 raising $215 million in cash
proceeds. A* was founded and is led by technology industry veteran
Kevin Hartz. To learn more about one, please visit
https://www.a-star.co/.
Non-Solicitation
This press release is not a proxy statement or solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the potential transaction and shall not constitute an
offer to sell or a solicitation of an offer to buy the securities
of one, the combined company or Markforged, nor shall there be any
sale of any such securities in any state or jurisdiction in which
such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or jurisdiction. No offer of securities shall be made except
by means of a prospectus meeting the requirements of the Securities
Act.
Participants in the Solicitation
one and Markforged and their respective directors and executive
officers may be considered participants in the solicitation of
proxies with respect to the potential transaction described in this
document under the rules of the SEC. Information about the
directors and executive officers of one is set forth in one’s final
prospectus filed with the SEC pursuant to Rule 424(b) of the
Securities Act of 1933, as amended (the “Securities Act”), on
August 19, 2020 and is available free of charge at the SEC’s web
site at www.sec.gov or by directing a request to: one, 16 Funston
Avenue, Suite A, The Presidio of San Francisco, San Francisco,
California 94129, Attention: Secretary. Information regarding the
persons who may, under the rules of the SEC, be deemed participants
in the solicitation of the one shareholders in connection with the
potential transaction will be set forth in the registration
statement containing the preliminary proxy statement/prospectus
when it is filed with the SEC. These documents can be obtained free
of charge from the sources indicated above.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are
based on beliefs and assumptions and on information currently
available. In some cases, you can identify forward-looking
statements by the following words: “may,” “will,” “could,” “would,”
“should,” “expect,” “intend,” “plan,” “anticipate,” “believe,”
“estimate,” “predict,” “project,” “potential,” “continue,”
“ongoing” or the negative of these terms or other comparable
terminology, although not all forward-looking statements contain
these words. These statements involve risks, uncertainties and
other factors that may cause actual results, levels of activity,
performance or achievements to be materially different from the
information expressed or implied by these forward-looking
statements. Although we believe that we have a reasonable basis for
each forward-looking statement contained in this press release, we
caution you that these statements are based on a combination of
facts and factors currently known by us and our projections of the
future, about which we cannot be certain. Forward-looking
statements in this press release include, but are not limited to,
statements regarding the proposed business combination, including
the timing and structure of the transaction, as well as statements
about the expected growth of the additive manufacturing industry,
the combined company’s competitive position in the industry, and
the anticipated growth of the combined company. We cannot assure
you that the forward-looking statements in this press release will
prove to be accurate. These forward looking statements are subject
to a number of risks and uncertainties, including, among others,
general economic, political and business conditions; the inability
of the parties to consummate the business combination or the
occurrence of any event, change or other circumstances that could
give rise to the termination of the business combination agreement;
the outcome of any legal proceedings that may be instituted against
the parties following the announcement of the business combination;
the risk that the approval of the shareholders of one for the
potential transaction is not obtained; failure to realize the
anticipated benefits of the business combination, including as a
result of a delay in consummating the potential transaction; the
risk that the business combination disrupts current plans and
operations as a result of the announcement and consummation of the
business combination; the ability of the combined company to grow
and manage growth profitably and retain its key employees; the
amount of redemption requests made by one’s shareholders; the
inability to obtain or maintain the listing of the combined
company's securities following the business combination; costs
related to the business combination; and those factors discussed
under the header “Risk Factors” in the registration statement on
Form S-4 to be filed by one with the SEC and those included under
the header “Risk Factors” in the final prospectus of one related to
its initial public offering. Furthermore, if the forward-looking
statements prove to be inaccurate, the inaccuracy may be material.
In light of the significant uncertainties in these forward-looking
statements, you should not regard these statements as a
representation or warranty by us or any other person that we will
achieve our objectives and plans in any specified time frame, or at
all. The forward-looking statements in this press release represent
our views as of the date of this press release. We anticipate that
subsequent events and developments will cause our views to change.
However, while we may elect to update these forward-looking
statements at some point in the future, we have no current
intention of doing so except to the extent required by applicable
law. You should, therefore, not rely on these forward-looking
statements as representing our views as of any date subsequent to
the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210401005231/en/
Investors investors@markforged.com
Media Jared Levy / Danya Al-Qattan Sard Verbinnen &
Co Markforged-SVC@sardverb.com
Jenna Gilligan V2 Communications press@markforged.com
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