Markforged Settles IP Litigation With Continuous Composites, Agrees To Pay $18M Upfront With Additional Payments Through 2027, Resolving All Claims
Portfolio Pulse from Benzinga Newsdesk
Markforged has settled its intellectual property litigation with Continuous Composites by agreeing to pay $18 million upfront, with additional payments through 2027, resolving all claims.
September 23, 2024 | 12:36 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Markforged has resolved its IP litigation with Continuous Composites by agreeing to a financial settlement of $18 million upfront, with further payments through 2027. This settlement resolves all claims between the two companies.
The settlement of the IP litigation removes legal uncertainty for Markforged, which could be seen as a positive development. However, the financial impact of the $18 million payment and additional future payments may offset this positive sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100