Markforged approves 1-for-10 reverse stock split

The Board of Directors of Markforged has approved a 1-for-10 reverse stock split of its common stock, effective September 19, 2024

Markforged has made a necessary move to address its ongoing issues on the U.S. stock exchange. Due to the persistently low stock price, Markforged has approved a reverse stock split. The company also announced a corresponding proportional reduction in the number of common shares it is authorized to issue.

It is expected that Markforged’s common stock wil…