Markforged Holding Announces 1-for-10 Reverse Stock Split

Markforged Holding ( (MKFG) ) just unveiled an announcement.

Markforged Holding Corporation has announced a 1-for-10 reverse stock split set to take effect at the start of trading on September 19, 2024. This move aims to ensure compliance with the New York Stock Exchange’s minimum bid price requirement for continued listing. The reverse stock split will proportionally reduce the number of shares from about 203 million to roughly 20.3 million and will also apply to the company’s equity incentive plans and outstanding warrants, adjusting terms and exercise prices accordingly. No fractional shares will be issued; instead, shareholders will receive whole shares post-split.

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