3D printer maker Markforged said on Wednesday it agreed to go public through a merger with a blank-check firm backed by venture investor Kevin Hartz, in a deal valuing the equity of the combined company at $2.1 billion
The deal with one, sponsored by ticketing site Eventbrite Inc founder Hartz, is expected to provide the merged entity with around $425 million in gross proceeds.
The proceeds include a $210 million private investment, anchored by Baron Capital Group, Porsche Automobil Holding SE , Microsoft Corp’s venture fund M12 and funds and accounts managed by BlackRock Inc.
Last year, Desktop Metal, another 3D printing technology provider, also chose to merge with a special purpose acquisition company (SPAC) to go public. It was valued at $2.5 billion in the deal.
Source: Reuters
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