MariaDB Receives NYSE Continued Listing Standards Notice
30 Junho 2023 - 5:30PM
Business Wire
MariaDB plc (NYSE: MRDB) today announced that it was notified on
June 28, 2023 by the New York Stock Exchange (“NYSE”) that the
company is not in compliance with Section 802.01C of the NYSE
Listed Company Manual because the average closing price of the
company's ordinary shares was less than $1.00 per share over a
consecutive 30 trading-day period. The notice does not result in
the immediate delisting of MariaDB’s ordinary shares from the
NYSE.
The company intends to notify the NYSE of its intent to regain
compliance with the applicable NYSE continued listing standards.
The company can regain compliance at any time within a six-month
cure period following its receipt of the NYSE notice if, on the
last trading day of any calendar month during the cure period,
MariaDB’s ordinary shares had a closing share price of at least
$1.00 and an average closing share price of at least $1.00 over the
30 trading-day period ending on the last trading day of the
applicable calendar month.
MariaDB’s ordinary shares will continue to be listed and will
continue to trade on the NYSE during the cure period, subject to
the company’s compliance with other NYSE continued listing
standards.
About MariaDB
MariaDB is a new generation cloud database company whose
products are used by companies big and small, reaching more than a
billion users through Linux distributions and have been downloaded
over one billion times. Deployed in minutes and maintained with
ease, leveraging cloud automation, our database products are
engineered to support any workload, any cloud and any scale – all
while saving up to 90% of proprietary database costs. Trusted by
organizations such as Bandwidth, DigiCert, InfoArmor, Oppenheimer,
Samsung, SelectQuote and SpendHQ, MariaDB’s software is the
backbone of critical services that people rely on every day. Learn
more at mariadb.com.
Source: MariaDB
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