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Stock impact report

Markforged enters into settlement agreement with Continuous Composites [Seeking Alpha]

Markforged Holding Corporation (MKFG) 
Company Research Source: Seeking Alpha
The agreement resolves all the claims and counterclaims in the litigation. Under the agreement, the company will make an upfront payment of $18 million to Continuous Composites, which will take place in the fourth quarter of the year. The firm will make three additional installment payments thereafter of $1 million, $2 million and $4 million in the fourth quarters of fiscal years 2025, 2026 and 2027, respectively. The litigation is currently pending before the United States District Court for the District of Delaware. In July 2021, Continuous Composites had filed a patent-infringement lawsuit against Markforged. Recommended For You More Trending News Recommended For You More Trending News About MKFG Stock Related Stocks Trending Analysis Trending News Show less Read more
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