Special purpose acquisition company (SPAC) One has been gaining momentum in recent days and it is probably not going to be long when it becomes the focus of a large number of investors. The One (NYSE: AONE) stock has come gained momentum on the back of the transaction by way of which it is going to take Markforged Inc public.
Markforged is a 3D printer company and is well known for using artificial intelligence in order to create its products. The merger is going to value the net entity at $2.1 billion. It goes without saying that it is a major development for One and following the announcement back in February, the company’s stock rose sharply.
Markforged makes products for a wide range of industries starting from defense and aerospace to healthcare and automotive industries. Hence, it is clear to see why investors might have been excited about the merger with One. It remains to be seen if the One stock can add to its gains this week after having gained considerable momentum.