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MariaDB Plc (MRDB) provides enterprise-grade open source database solutions powering mission-critical applications worldwide. This dedicated news hub offers investors and technology professionals centralized access to official announcements and market-moving developments.
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MariaDB plc (NYSE: MRDB) announced that Meridian BidCo , an affiliate of K1 Investment Management, , has settled its unsolicited offer to purchase all issued and to-be-issued ordinary shares of MariaDB. Bidco now owns 88.70% of MariaDB's issued share capital as of July 22, 2024. Bidco intends to compulsorily acquire the remaining shares not acquired in the offer, applying provisions of the Companies Act of 2014 of Ireland.
Compulsory acquisition notices were sent to non-assenting shareholders on July 26, 2024. Unless the Irish High Court orders otherwise, remaining shares will be acquired by Bidco on or about August 26, 2024. Following this process, Bidco plans to delist MariaDB from the NYSE and terminate its registration under the Exchange Act.
MariaDB plc (NYSE: MRDB) announced that Meridian BidCo , an affiliate of K1 Investment Management, , has completed its unsolicited offer to purchase all issued and to-be-issued ordinary shares of MariaDB. As of July 23, 2024, the offer became unconditional and closed to further acceptances. Bidco received valid acceptances for 61,263,283 MariaDB shares, representing 88.70% of the issued share capital as of July 22, 2024. The cash consideration for valid acceptances is expected to be settled on July 25, 2024. Bidco intends to apply for compulsory acquisition of remaining outstanding shares not acquired through the offer, following the same terms. Compulsory acquisition notices will be sent to non-assenting shareholders, with a 30-day period for potential Irish High Court applications.
On July 11, 2024, MariaDB (NYSE: MRDB) filed Amendment No. 6 to its amended and restated Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC. This amendment follows the initial filing on June 24, 2024.
Details of the amendment are available on MariaDB’s investor website, though access may be restricted based on jurisdiction. The company emphasizes that website content is not part of this official announcement.
On July 5, 2024, MariaDB (NYSE: MRDB) filed an amendment to its amended and restated Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC. This is Amendment No. 5 to the statement initially filed on June 24, 2024. The amendment is available on MariaDB’s investor website, though access may be restricted based on jurisdiction. This filing pertains to certain regulatory requirements and is intended for investors and stakeholders affected by the proposed changes.
On June 24, 2024, Meridian Bidco filed an amended and restated Tender Offer Statement with the U.S. Securities and Exchange Commission (SEC), proposing to acquire all issued and to be issued shares of MariaDB (NYSE: MRDB). This includes a Rule 13e-3 Transaction Statement. Concurrently, MariaDB filed an amended Solicitation/Recommendation Statement in response. These documents, along with supplementary materials, will be available on MariaDB's investor relations website. This action follows Rule 27.1(a) of the Irish Takeover Panel Act 1997. The filings are part of an ongoing acquisition process and aim to comply with various legal and regulatory requirements.
MariaDB (NYSE: MRDB) has released its financial results for the second quarter of fiscal year 2024. The company reported an 11.9% increase in Annual Recurring Revenue (ARR) year-over-year. Adjusted EBITDA loss improved by 97%, reducing to $378 thousand from $12.6 million in the prior year's second quarter. Additionally, the Net Loss for the quarter was $3.5 million, an $8.4 million improvement from the previous year's $11.9 million loss. CEO Paul O'Brien highlighted these results as a demonstration of the company's financial turnaround. Full details are available in the Quarterly Report Form 10-Q on the SEC's website and MariaDB's Investor Relations website.
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