Subsequent Events |
6 Months Ended |
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Jun. 30, 2022 | |
| Subsequent Events [Abstract] | |
| Subsequent Events |
Note 20. Subsequent Events On July 11, 2022, the Company entered into a definitive agreement with Höganäs AB to acquire Digital Metal, the creator of a leading binder jetting solution known to be precise and reliable, extending the Company’s capabilities into high-throughput production of metal additive parts. Powder binder jetting complements the existing Digital Forge offering, and the Company believes the acquisition will expand the Company’s addressable market by solving new customer problems. As part of the transaction, the Company will pay Höganäs approximately $32.0 million in cash, approximately 4.1 million shares of Markforged common stock, and approximately $1.5 million in cash to settle certain intercompany balances, subject to certain adjustments. The acquisition of Digital Metal is expected to close during the third quarter of 2022, subject to customary conditions. |
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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