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Markforged Holding (MKFG) just unveiled an update.
Markforged Holding Corporation has agreed to an early termination of its office lease with GRE Riverworks, LLC, concluding its tenancy at the Riverworks Innovation Center in Watertown, Massachusetts, originally set to expire in 2028. The company will vacate the office space by August 31, 2024, and will pay a termination fee of $2.75 million, while expecting the return of a $625,415 Letter of Credit by September 30, 2024. This move releases Markforged from any further rent obligations post-termination.
Learn more about MKFG stock on TipRanks’ Stock Analysis page.