secwatch.observer — SEC 8-K summary
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Issuer:     MariaDB plc (—)
CIK:        0001929589
Form:       8-K
Filed at:   2023-09-22T23:59:59+00:00
Accession:  0001104659-23-103029
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929589/000110465923103029/0001104659-23-103029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929589/000110465923103029/tm2326656d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-103029

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