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The latest announcement is out from Markforged Holding ( (MKFG) ).
Markforged Holding Corporation has reached a comprehensive Settlement and Patent License Agreement with Continuous Composites, effectively resolving a patent infringement lawsuit. The agreement, which awaits District Court review, requires Markforged to pay $18 million upfront, followed by payments over the next three years, totaling $25 million. It includes a cross-license of patents, a mutual release of claims, and a security agreement granting Continuous Composites a stake in Markforged’s patent intellectual property rights. This settlement aims to eliminate litigation distractions and bring certainty to stakeholders while Markforged continues to advance its strategic goals in industrial 3D printing.
For a thorough assessment of MKFG stock, go to TipRanks’ Stock Analysis page.