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MariaDB Corporation released Xpand 6, enhancing database performance with new operational analytics and faster parallel data replication. This upgrade allows businesses to handle unpredictable demand and diverse workloads while ensuring data consistency. Xpand now supports columnar data models, improving ad hoc query speeds by up to 50x. Furthermore, parallel replication increases throughput, enabling global deployments and resilience against service outages. Xpand 6 is available for trial now.
Brodsky & Smith announces investigations concerning potential breaches of fiduciary duties by the boards of Angel Pond Holdings (NYSE: POND), OTR Acquisition Corp (Nasdaq: OTRA), and Agrico Acquisition Corp (Nasdaq: RICO) related to their SPAC mergers. Specifically, the investigations focus on whether fair processes were conducted, especially regarding shareholder ownership dilution in the resultant public companies. Angel Pond shareholders will retain 27%, OTR shareholders 41.1%, and Agrico shareholders 42% or less of their respective combined entities.
MariaDB, a rapidly growing open source database software company, plans to go public through a merger with Angel Pond Holdings Corporation (NYSE:POND), boasting a pro forma enterprise value of $672 million. This transaction includes a fully funded $104 million Series D private placement and an $18 million PIPE. Following the merger, the new entity will be named MariaDB plc. The deal aims to enhance capital access and brand visibility, positioning MariaDB for significant growth in the cloud database market, projected to reach $33 billion by 2025.
Angel Pond Holdings Corporation (NYSE:POND) received a notice from NYSE Regulation on November 9, 2021, indicating non-compliance with the minimum public shareholders requirement of 300. The Company has 45 days to submit a business plan for returning to compliance within 18 months. If accepted, it will remain listed; if not, it may face suspension and delisting. Despite non-compliance, POND, POND WS, and POND.U will continue trading on the NYSE during this period but will display a '.BC' indicator. The Company is focused on completing a business combination.
Summary not available.
Angel Pond Holdings Corporation announced its initial public offering, pricing 25,000,000 units at $10.00 each. The units, consisting of one Class A ordinary share and one-third of a redeemable warrant, will start trading on the NYSE under the symbol 'POND.U' on May 18, 2021. Each whole warrant allows the purchase of one Class A ordinary share at $11.50. The underwriters have a 45-day option to purchase an additional 3,750,000 units. The company, focused on merging with tech-enabled businesses in Greater China, is co-founded by former Goldman Sachs partner Dr. Theodore T. Wang.