MariaDB plc Enters Into $26.5 Million Financing Agreement
10 Outubro 2023 - 10:00AM
Business Wire
MariaDB board of directors undergoes
restructuring and welcomes two new directors
MariaDB plc (NYSE: MRDB) announced entry into a $26.5 million
senior secured promissory note with RP Ventures LLC. The senior
secured promissory note expires on January 10, 2024.
MariaDB also announced the restructuring of its board of
directors. The following directors have resigned effective October
10, 2023: Hal Berenson, Christine Russell, Alex Suh and Ted Wang.
MariaDB has appointed Yakov “Jack” Zubarev and Michael Fanfant to
its board of directors, joining existing directors Jurgen Ingels
and Paul O’Brien. Mr. Ingels will serve as Chairman. Mr. Fanfant is
the manager and sole member of RP Ventures LLC and a general
partner of Runa Capital.
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, MariaDB 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
and Samsung, MariaDB’s software is the backbone of critical
services that people rely on every day. For more information,
please visit mariadb.com.
Forward-Looking Statements
Certain statements in this announcement are “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Words indicating future events and actions,
such as “will,” “intend,” “plan,” and “may,” and variations of such
words, and similar expressions and future-looking language identify
forward-looking statements, but their absence does not mean that
the statement is not forward-looking. The forward-looking
statements in this periodic report include statements regarding the
loan financing and use of its proceeds and changes to board
composition, and related actions and events and the results
therefrom, including those regarding the operations and trading of
MariaDB plc (the “Company”). Forward-looking statements are not
guarantees of future events and actions, which may vary materially
from those expressed or implied in such statements. Differences may
result from, among other things, actions taken by the Company or
its management or board or third parties, including those beyond
the Company’s control. Such differences and uncertainties and
related risks include, but are not limited to, the possibility that
we may not timely receive the full amount of the loan financing or
pay off the term loan and that the New York Stock Exchange may take
action, including delisting, due to, among other things, the
Company’s failure to meet board, committee and other requirements
of the exchange. The foregoing list of differences and risks and
uncertainties is illustrative but by no means exhaustive. For more
information on factors that may affect the loan financing and
related events, please review “Risk Factors” and other information
included in the Company’s filings and records filed with the United
States Securities and Exchange Commission. These forward-looking
statements reflect the Company’s expectations as of the date
hereof. The Company undertakes no obligation to update the
information provided herein.
Source: MariaDB
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version on businesswire.com: https://www.businesswire.com/news/home/20231009978459/en/
Investors: ir@mariadb.com
Media: pr@mariadb.com
MariaDB (NYSE:MRDB)
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