secwatch.observer — SEC 8-K summary
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Issuer:     MARIN SOFTWARE INC (—)
CIK:        0001389002
Form:       8-K
Filed at:   2025-07-03T23:59:59+00:00
Accession:  0000950170-25-093994
Event type: other_material
Sentiment:  negative
Materiality: 0.95
Item codes: 1.01, 1.03, 2.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marin Software files Chapter 11, delisted from Nasdaq; restructuring plan with Kaxxa Holdings
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- Filed Chapter 11 petition on July 1, 2025, in Delaware Bankruptcy Court; case 25-11263.
- Nasdaq suspended trading on June 26, 2025; delisting will follow Form 25 filing.
- Restructuring Support Agreement: Kaxxa Holdings to acquire 100% equity and substantially all assets for $5.5M cash.
- DIP financing up to $1.2M from 5Y LLC at 10% interest, secured by all assets.
- Board abandons prior dissolution plan; expects to pay unsecured creditors in full and provide distribution to stockholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1389002/000095017025093994/0000950170-25-093994-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1389002/000095017025093994/mrin-20250630.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-093994

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