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Markforged Holding Corp. – ‘10-Q’ for 6/30/22 – ‘EX-31.1’

On:  Thursday, 8/11/22, at 4:46pm ET   ·   For:  6/30/22   ·   Accession #:  950170-22-16926   ·   File #:  1-39453

Previous ‘10-Q’:  ‘10-Q’ on 5/12/22 for 3/31/22   ·   Next:  ‘10-Q’ on 11/9/22 for 9/30/22   ·   Latest:  ‘10-Q’ on 5/8/24 for 3/31/24   ·   3 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/11/22  Markforged Holding Corp.          10-Q        6/30/22  106:14M                                    Donnelley … Solutions/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   4.08M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     36K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     36K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     32K 
 5: EX-32.2     Certification -- §906 - SOA'02                      HTML     32K 
11: R1          Cover Page                                          HTML     86K 
12: R2          Condensed Consolidated Balance Sheets               HTML    135K 
13: R3          Condensed Consolidated Balance Sheets               HTML     33K 
                (Parenthetical)                                                  
14: R4          Condensed Consolidated Statements of Operations     HTML    118K 
                and Comprehensive Income (Loss)                                  
15: R5          Condensed Consolidated Statement of Changes in      HTML    108K 
                Convertible Preferred Stock and Stockholders'                    
                Equity (Deficit)                                                 
16: R6          Condensed Consolidated Statement of Changes in      HTML     30K 
                Convertible Preferred Stock and Stockholders'                    
                Equity (Deficit) (Parenthetical)                                 
17: R7          Condensed Consolidated Statements of Cash Flows     HTML    138K 
18: R8          Organization, Nature of the Business, and Risks     HTML     42K 
                and Uncertainties                                                
19: R9          Merger and Reverse Recapitalization                 HTML     76K 
20: R10         Summary of Significant Accounting Policies          HTML    339K 
21: R11         Acquisitions                                        HTML     71K 
22: R12         Revenue                                             HTML     79K 
23: R13         Property and Equipment, net                         HTML     73K 
24: R14         Inventory                                           HTML     55K 
25: R15         Goodwill and Intangible Assets                      HTML     57K 
26: R16         Accrued Expenses                                    HTML     69K 
27: R17         Borrowings                                          HTML     39K 
28: R18         Convertible Preferred Stock, Common Stock and       HTML    125K 
                Stockholders' Equity (Deficit)                                   
29: R19         Equity Based Awards                                 HTML    198K 
30: R20         Earnout                                             HTML     85K 
31: R21         Stock Warrants                                      HTML     87K 
32: R22         Income Taxes                                        HTML     39K 
33: R23         Leases                                              HTML    104K 
34: R24         Commitments and Contingencies                       HTML     35K 
35: R25         Net Profit (Loss) Per Share                         HTML    172K 
36: R26         Segment Information                                 HTML     77K 
37: R27         Subsequent Events                                   HTML     34K 
38: R28         Summary of Significant Accounting Policies          HTML    380K 
                (Policies)                                                       
39: R29         Summary of Significant Accounting Policies          HTML    278K 
                (Tables)                                                         
40: R30         Merger and Reverse Recapitalization (Tables)        HTML     53K 
41: R31         Acquisitions (Tables)                               HTML     65K 
42: R32         Revenue (Tables)                                    HTML     69K 
43: R33         Property and Equipment, net (Tables)                HTML     69K 
44: R34         Inventory (Tables)                                  HTML     51K 
45: R35         Goodwill and Intangible Assets (Tables)             HTML     53K 
46: R36         Accrued Expenses (Tables)                           HTML     68K 
47: R37         Convertible Preferred Stock, Common Stock and       HTML    121K 
                Stockholders' Equity (Deficit) (Tables)                          
48: R38         Equity Based Awards (Tables)                        HTML    185K 
49: R39         Earnout (Tables)                                    HTML     73K 
50: R40         Stock Warrants (Tables)                             HTML    143K 
51: R41         Leases (Tables)                                     HTML     90K 
52: R42         Commitments and Contingencies (Tables)              HTML     70K 
53: R43         Net Profit (Loss) Per Share (Tables)                HTML    170K 
54: R44         Segment Information (Tables)                        HTML     69K 
55: R45         Organization, Nature of the Business, and Risks     HTML     46K 
                and Uncertainties - Additional Information                       
                (Detail)                                                         
56: R46         Merger and Reverse Recapitalization - Additional    HTML     92K 
                Information (Detail)                                             
57: R47         Merger and Reverse Recapitalization - Schedule of   HTML     49K 
                Common Stock Issued Following Consummation of                    
                Merger (Details)                                                 
58: R48         Merger and Reverse Recapitalization - Schedule of   HTML     39K 
                Common Stock Issued Following Consummation of                    
                Merger (Parenthetical) (Details)                                 
59: R49         Summary of Significant Accounting Policies -        HTML     39K 
                Summary of Allowance For Doubtful Accounts                       
                (Detail)                                                         
60: R50         Summary of Significant Accounting Policies -        HTML     51K 
                Summary of Fair Value Hierarchy of The Valuation                 
                (Detail)                                                         
61: R51         Summary of Significant Accounting Policies -        HTML     53K 
                Summary of Changes in Fair Value of the Derivative               
                Warrant Liabilities (Detail)                                     
62: R52         Summary of Significant Accounting Policies -        HTML     36K 
                Summary of Balance of The Company's Warranty                     
                Reserve (Detail)                                                 
63: R53         Summary of Significant Accounting Policies -        HTML     71K 
                Additional Information (Detail)                                  
64: R54         Acquisitions - Acquisition date fair value of the   HTML     38K 
                consideration transferred (Details)                              
65: R55         Acquisitions - Fair values of assets acquired and   HTML     54K 
                liabilities assumed (Details)                                    
66: R56         Acquisitions (Additional Information) (Details)     HTML     49K 
67: R57         Revenue - Summary of Company's Revenue Based on     HTML     41K 
                Nature of Products and Services (Detail)                         
68: R58         Revenue - Additional Information (Detail)           HTML     39K 
69: R59         Property and Equipment, net - Summary of Property   HTML     50K 
                and Equipment (Detail)                                           
70: R60         Property and Equipment, net - Additional            HTML     33K 
                Information (Detail)                                             
71: R61         Inventory - Summary of Inventory (Detail)           HTML     37K 
72: R62         Inventory - Additional Information (Detail)         HTML     34K 
73: R63         Goodwill and Intangible Assets - Summary of         HTML     46K 
                Goodwill and Intangible Assets (Details)                         
74: R64         Goodwill and Intangible Assets (Additional          HTML     44K 
                Information) (Details)                                           
75: R65         Accrued Expenses - Summary of Accrued Expenses      HTML     48K 
                (Detail)                                                         
76: R66         Borrowings - Additional Information (Detail)        HTML     45K 
77: R67         Convertible Preferred Stock, Common Stock and       HTML     60K 
                Stockholders' Equity (Deficit) - Summary of                      
                Convertible Preferred Stock Authorized, Issued and               
                Outstanding (Detail)                                             
78: R68         Convertible Preferred Stock, Common Stock and       HTML     43K 
                Stockholders' Equity (Deficit) - Summary of Common               
                Stock Reserved for Future Issuance (Detail)                      
79: R69         Equity Based Awards - Summary of Stock Option       HTML     61K 
                Activity (Detail)                                                
80: R70         Equity Based Awards - Summary of Additional         HTML     33K 
                Information Regarding Exercise of Stock Options                  
                (Detail)                                                         
81: R71         Equity Based Awards - Summary of Restricted Stock   HTML     52K 
                Units Activity (Detail)                                          
82: R72         Equity Based Awards - Summary of Recognized         HTML     42K 
                Stock-based Compensation Expense (Detail)                        
83: R73         Equity Based Awards - Summary of Stock-based        HTML     39K 
                Compensation based on Awards Granted (Detail)                    
84: R74         Equity Based Awards - Additional Information        HTML     80K 
                (Detail)                                                         
85: R75         Earnout - Additional Information (Details)          HTML     56K 
86: R76         Earnout - Summary of the number of Earnout Shares   HTML     38K 
                allocated to each unit of account (Details)                      
87: R77         Earnout - Assumptions used in the valuation         HTML     40K 
                (Details)                                                        
88: R78         Stock Warrants - Summary of Black- Scholes model    HTML     56K 
                using the following inputs (Detail)                              
89: R79         Stock Warrants - Additional Information (Detail)    HTML     70K 
90: R80         Stock Warrants - Schedule of Private Placement      HTML     47K 
                Warrants Valued Under Binomial Lattice Model                     
                (Details)                                                        
91: R81         Income Taxes - Additional Information (Detail)      HTML     35K 
92: R82         Leases - Additional Information (Detail)            HTML     66K 
93: R83         Leases - Schedule of Future Minimum Rental          HTML     51K 
                Payments (Detail)                                                
94: R84         Leases - Summary of Supplemental Cash Flow          HTML     38K 
                Information and Other Lease Information (Details)                
95: R85         Commitments and Contingencies - Additional          HTML     31K 
                Information (Detail)                                             
96: R86         Net profit (loss) per share - Additional            HTML     32K 
                information (Detail)                                             
97: R87         Net Profit (Loss) per Share - Summary of Earnings   HTML     71K 
                Per Share, Basic and Diluted (Detail)                            
98: R88         Net Profit (Loss) per Share - Summary of Dilutive   HTML     46K 
                Securities are Excluded from the Denominator                     
                (Detail)                                                         
99: R89         Segment Information - Summary of Disaggregated      HTML     45K 
                Revenue Data for Those Markets (Detail)                          
100: R90         Segment Information - Additional Information        HTML     38K  
                (Detail)                                                         
101: R91         Subsequent Events (Additional Information)          HTML     39K  
                (Details)                                                        
104: XML         IDEA XML File -- Filing Summary                      XML    201K  
102: XML         XBRL Instance -- mkfg-20220630_htm                   XML   3.73M  
103: EXCEL       IDEA Workbook of Financial Reports                  XLSX    191K  
 9: EX-101.CAL  XBRL Calculations -- mkfg-20220630_cal               XML    182K 
 6: EX-101.DEF  XBRL Definitions -- mkfg-20220630_def                XML    899K 
 8: EX-101.LAB  XBRL Labels -- mkfg-20220630_lab                     XML   1.68M 
10: EX-101.PRE  XBRL Presentations -- mkfg-20220630_pre              XML   1.32M 
 7: EX-101.SCH  XBRL Schema -- mkfg-20220630                         XSD    274K 
105: JSON        XBRL Instance as JSON Data -- MetaLinks              503±   804K  
106: ZIP         XBRL Zipped Folder -- 0000950170-22-016926-xbrl      Zip    509K

‘EX-31.1’   —   Certification — §302 – SOA’02

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

  EX-31.1  

 

Exhibit 31.1

CERTIFICATION PURSUANT TO

RULES 13a-14(a) AND 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934,

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Shai Terem, certify that:

1.
I have reviewed this Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 of Markforged Holding Corporation;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.
The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
(c)
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.
The registrant’s other certifying officers and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: August 11, 2022

 

By:

/s/ Shai Terem

 

 

 

Name:

Shai Terem

 

 

Title:

Chief Executive Officer

 

 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/11/228-K,  EFFECT
For Period end:6/30/22
 List all Filings 

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/12/22  Markforged Holding Corp.          424B3                  1:294K                                   Donnelley … Solutions/FA
 8/31/22  Markforged Holding Corp.          S-3                    4:405K                                   Donnelley … Solutions/FA

1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/20/21  Markforged Holding Corp.          8-K:5       7/14/21   13:1.3M                                   Toppan Merrill/FA
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Filing Submission 0000950170-22-016926   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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