---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-103029"
form_type: "8-K"
ticker: null
cik: "0001929589"
company_name: "MariaDB plc"
filed_at: "2023-09-22T23:59:59+00:00"
generated_at: "2026-06-10T09:56:08.745657+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MariaDB receives NYSE notice for low market cap/equity; adds to prior price deficiency

## Summary
- NYSE notified MariaDB on Sept 19, 2023 of non-compliance under Section 802.01B: avg global market cap <$50M and last reported equity <$50M.
- Company has 45 days to submit a business plan to cure within 18 months; NYSE will review within 45 days of receipt.
- No immediate delisting; shares will continue trading if plan is accepted and progress is reviewed.
- This is a second deficiency; MariaDB already has a six-month cure period for stock price below $1.00 (Section 802.01C).

## SEC filing metadata
- accession: 0001104659-23-103029
- form_type: 8-K
- cik: 0001929589
- company_name: MariaDB plc
- filed_at: 2023-09-22T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1929589/000110465923103029/0001104659-23-103029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1929589/000110465923103029/tm2326656d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-103029
- JSON: https://secwatch.observer/filing/0001104659-23-103029.json
- Plain text: https://secwatch.observer/filing/0001104659-23-103029.txt

## Key facts
- Listing & Compliance Notices
  MariaDB plc received a nyse noncompliance notice notice regarding market value (rules 802.01B).
  - Exchange: nyse
  - Notice: noncompliance notice
  - Deficiency: market value
  - Rules: 802.01B
  source text: September 19, 2023, MariaDB plc (the “Company”) received written notice (the “Notice”) from the New York Stock Exchange (“NYSE”) that the Company was not in compliance with the continued listing standard set forth in Section 802.01B of the NYSE’s Listed Company Manual because the average global market capitalization of the Company over a consecutive 30 trading-day period was less than $50 million and, at the same time, the Company’s last reported stockholders’ equity was less than $50 million. In accordance with applicable NYSE procedures, the Company plans to notify the NYSE that it intends t
  evidence_url: https://www.sec.gov/Archives/edgar/data/1929589/000110465923103029/0001104659-23-103029-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.