Markforged Holding Announces Merger with Nano US II
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Markforged Holding Corporation (MKFG) announced a merger with Nano US II, Inc., a subsidiary of Nano Dimension Ltd., expected to close after September 25, 2024. This merger will make Markforged a wholly-owned subsidiary of Nano USA and remove it from the NYSE. Stockholders must provide tax documentation to avoid Israeli withholding tax. Spark's analysis rates MKFG as Neutral, citing financial challenges, declining revenues, and a negative P/E ratio, alongside a pending legal challenge affecting the stock's outlook.
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