EXPLANATORY NOTE
On November 10, 2021, Markforged Holding Corporation (“Markforged”) issued a press release announcing its financial results for the third quarter ended September 30, 2021 and filed a Current Report on Form 8-K furnishing the press release as Exhibit 99.1. On November 15, 2021, Markforged issued a revised press release to correct the stock compensation expense for the three and nine month periods ending September 30, 2021 that was incorrectly published as $6.202 million and $9.176 million, respectively, to properly reflect $8.421 million and $11.395 million, respectively. As a result of the change in stock compensation expense, the net profit from operations should be $21.7 million in the third quarter of 2021 and $0.6 million for the nine month period ending September 30, 2021 (instead of $23.9 million and $2.8 million, respectively). Additionally, the basic weighted average shares outstanding for the three and nine month periods ending September 30, 2021 and 2020 should be (i) for the three and nine month periods ended September 30, 2021, 162,942,990 and 81,373,265, respectively (instead of 163,426,469 and 81,856,744, respectively), and (ii) for the three and nine month periods ended September 30, 2020, 38,545,607 and 38,149,992, respectively (instead of 38,778,614 and 38,382,999, respectively). The diluted weighted average shares outstanding for the three and nine month periods ending September 30, 2021 and 2020 should be (i) for the three and nine month periods ended September 30, 2021, 167,091,320 and 85,407,166, respectively (instead of 176,420,646 and 94,736,492, respectively), and (ii) for the three and nine month periods ended September 30, 2020, 38,545,607 and 38,149,992, respectively (instead of 38,778,614 and 38,382,999, respectively). Markforged is filing this Amendment No. 1 on Form 8-K/A to furnish the revised press release. Except as described above, all other information in the original press release remains unchanged.
Item 2.02 Results of Operations and Financial Condition.
On November 15, 2021, Markforged Holding Corporation issued a corrected press release announcing its financial results for the fiscal quarter ended September 30, 2021. A copy of the press release is furnished as Exhibit 99.1 and is incorporated by reference herein.
Item 7.01 Regulation FD Disclosure.
Investors and others should note that the Company routinely announces material information to investors and the marketplace using filings with the U.S. Securities and Exchange Commission (the “SEC”), press releases, public conference calls, presentations, webcasts and the Markforged Holding Corporation Investor Relations website.
The Company also intends to use the following social media channels as a means of disclosing information about the company and its products to its customers, investors and the public:
| | • | | Twitter: @markforged, https://twitter.com/markforged |
| | • | | Facebook: @markforged, https://facebook.com/markforged |
| | • | | Instagram: @markforged, https://instagram.com/markforged |
| | • | | LinkedIn: https://www.linkedin.com/company/markforged/ |
| | • | | The list of channels may be updated from time to time on the Markforged Holding Corporation Investor Relations website. |
The information posted on the Markforged Holding Corporation Investor Relations website and/or social media channels is not incorporated by reference in this report or in any other report or document the Company files with the SEC. While not all of the information that the Company posts to the Markforged Holding Corporation Investor Relations website or to social media accounts is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media, and others interested in the Company to review the information that it shares on its webpage at https://investors.markforged.com and to sign up for and regularly follow the Company’s social media accounts. Users may automatically receive email alerts and other information about the Company when enrolling an email address by selecting “Sign Up Today” at the webpage at https://investors.markforged.com.
