Markforged Appoints Alan Masarek to Board of Directors
Business veteran brings experience disrupting legacy industries with cloud technology to help Markforged grow
WATERTOWN, Mass., July 7, 2021– (COMMERCIAL THREAD) – Markforged, (“Markforged” or “the Company”), creator of integrated metal and carbon fiber additive manufacturing platform, The Digital Forge, today announced that Alan Masarek will join its board of Directors (the “Board”) as Chairman, and begin serving immediately following the close of the business combination of Markforged with a (NYSE: AONE), scheduled for mid-July.
Alan Masarek has over 25 years of experience in communications, information technology and business services companies. Masarek most recently served as Chairman and CEO and Board Member of Vonage (Nasdaq: VG), where he led Vonage’s transformation from its historic focus of providing VoIP-based home phone service to a global cloud communications company. During his tenure, Vonage made eight acquisitions and its market capitalization nearly quadrupled to over $ 2.5 billion. Prior to Vonage, Masarek was Director, Chrome and Applications at Google, Inc., following Google’s acquisition of his former company, Quickoffice, Inc., where he was co-founder and CEO.
“Alan has spent his career disrupting legacy thinking – exactly what Markforged does for manufacturing,” said Shai Terem, President and CEO of Markforged. “His experience in creating and growing businesses that transform the way things are done will be a great asset to us as we grow our customer base and revenue and reinvent manufacturing.
Masarek’s deep experience in growing businesses aligns with Markforged as it seeks to expand digital forging adoption in the growing additive manufacturing market and position itself for robust growth in the years to come. come.
“Markforged is at an exciting inflection point as it prepares to go public this summer, and as the manufacturing industry demands more creative solutions to the dynamic challenges it faces,” said Masarek. “I look forward to using my experience to help the company achieve its goals.”
Masarek received his MBA with Distinction from Harvard Business School and his BBA, Magna Cum Laude, from the University of Georgia.
For more information on Markforged, please visit www.markforged.com.
Markforged is transforming manufacturing with metal and continuous carbon fiber 3D printers capable of producing parts tough enough for the factory. Markforged Digital Forge brings the power and speed of agile software development to industrial manufacturing, combining hardware, software and materials to break down barriers between design and functional parts. Engineers, designers and manufacturing professionals around the world trust Markforged metal and composite printers for tooling, assemblies, functional prototyping and high value end production. Founded in 2013 and headquartered in Watertown, Massachusetts, Markforged has more than 250 employees worldwide. Markforged was recognized by Forbes in the Next Billion-Dollar Startups list and was listed as the second fastest growing computer hardware company in the United States in the 2019 Deloitte Fast 500. In February 2021, Markforged announced that it had entered into a definitive agreement to merge with a (NYSE: AONE), a specialty acquisition company founded and led by tech industry veteran Kevin Hartz. The transaction is expected to close in the summer of 2021, subject to regulatory and shareholder approvals, and other customary closing conditions. The combined company will retain the Markforged name and will be listed on the New York Stock Exchange under the ticker symbol “MKFG”.
a is an ad hoc acquisition company sponsored by A * set up for the purpose of bringing about a business combination with one or more companies in the innovation economy. a completed its initial public offering in August 2020, raising $ 215 million in cash. A * was founded and is led by tech industry veteran Kevin Hartz.
Participants in the call for tenders
a and Markforged and their respective directors and 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 Securities Exchange Commission (the “SEC”). Information on the directors and officers of a and Markforged are set out in athe proxy statement and prospectus filed in accordance with Rule 424B (3) with the SEC on June 24, 2021 (the “registration statement”), and other documents filed with the SEC which are available free of charge from the SEC website at www.sec.gov or by sending a request to: a, 16 Funston Avenue, Suite A, The Presidio of San Francisco, San Francisco, California 94129, Attention: Secretary. Information about persons who may, under the rules of the SEC, be considered to be participants in the solicitation of the a Shareholders in connection with the potential transaction are set out in the registration statement filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
This press release is not a proxy statement or a solicitation of any proxy, consent or authorization with respect to any security or with respect to the potential transaction and does not constitute an offer to sell or an offer to sell. solicitation of an offer to purchase the securities of a, the Combined Company or Markforged, nor will there be any sale of such securities in any state or jurisdiction in which such offering, solicitation or sale would be unlawful prior to registration or qualification under the laws of the securities of that state or jurisdiction. No offer of securities will be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
Special Note Regarding Forward-Looking Statements
This press release contains forward-looking statements 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”, “foresee”, “anticipate,” “believe”, “estimate”, “predict”, “project”, “potential”, “continue”, “in progress” 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 differ materially from the information expressed or implied by such forward-looking statements. Although Markforged believes that there is a reasonable basis for each forward-looking statement contained in this press release, Markforged cautions you that such statements are based on a combination of facts and factors currently known to it and on its projections for the future, to about which she cannot be certain. Forward-looking statements contained in this press release include, without limitation, statements regarding the proposed business combination, including the timing and structure of the transaction, the expected contribution of the members of the board of directors of Markforged the operations and progress of Markforged, the functionality and applications of Markforged’s products, the expected growth of the additive manufacturing industry, the expected growth of Markforged’s revenue and customer base, the impact of Markforged’s products on its financial conditions and operating results; and the integration of Markforged’s products into the additive manufacturing market. Markforged cannot assure you that any forward-looking statements contained in this press release will prove to be correct. These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, general economic, political and business conditions; the inability of the parties to complete the business combination or the occurrence of any event, change or other circumstance that could result in the termination of the business combination agreement; the effect of COVID-19 on Markforged’s business and financial results; the outcome of any legal proceedings that could be brought against the parties following the announcement of the business combination; the risk that shareholder approval of a because the potential transaction is not obtained; failure to realize the expected benefits of the business combination, including due to a delay in completing the potential transaction; the risk that the business combination will disrupt current plans and operations following the announcement and completion of the business combination; the combined ability of the business to grow and manage its growth profitably and to retain key employees; the amount of redemption requests made by athe shareholders of; the impossibility of obtaining or maintaining the listing of the securities of the company resulting from the combination following the business combination; costs associated with business combinations; and the factors discussed under the heading “Risk factors” in the registration statement and those included under the heading “Risk factors” in aAnnual report on Form 10-K and other documents filed with the SEC. In addition, if forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the material uncertainties in these forward-looking statements, you should not take such statements as a representation or guarantee by us or any other person that Markforged will achieve its objectives and plans within a specified time, or not at all. The forward-looking statements contained in this press release represent the views of Markforged as of the date of this press release. Markforged anticipates that subsequent events and developments will change its views. However, although Markforged may choose to update these forward-looking statements at any time in the future, Markforged currently has no intention to do so, except to the extent required by applicable law. You should therefore not rely on these forward-looking statements as representing the views of Markforged as of a date subsequent to the date of this press release.
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