MariaDB Reaches Agreement to Amend Senior Secured Promissory Note
January 11 2024 - 8:00AM
Business Wire
MariaDB plc (NYSE:MRDB) today announced that the $26.5 million
senior secured promissory note entered into with RP Ventures LLC
(“the RPV Note”) that was due January 10, 2024, has been amended,
and the RPV Note will now expire on January 31, 2024.
Further details on this transaction can be found on MariaDB’s
most recently filed 8-K, which is available on the Securities &
Exchange Commission’s (SEC’s) website at https://www.sec.gov and on
MariaDB’s Investor Relations website at
https://investors.mariadb.com under Financials.
About MariaDB
MariaDB is a new generation 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 report include statements regarding the future
liquidity, solvency, operations and trading of MariaDB plc (the
“Company”) following the execution of the amendment and under the
RPV Note. 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 the
company’s Board of Directors, or third parties, including those
beyond the Company’s control, such as RP Ventures, Runa Capital and
their affiliates. Such differences and uncertainties and related
risks include, but are not limited to, the possibility that we may
default under the RPV Note, may not reach a long-term funding or
liquidity solution or that the New York Stock Exchange may take
action, including delisting, due to, among other things, the
Company’s failure to meet market capitalization standards within
the next 18 months or 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 RPV Note 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/20240111195950/en/
Investors: ir@mariadb.com
Media: pr@mariadb.com
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