--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-23-107910" form_type: "8-K" ticker: null cik: "0001929589" company_name: "MariaDB plc" filed_at: "2023-10-10T23:59:59+00:00" generated_at: "2026-06-10T02:54:00.718633+00:00" event_type: "debt" sentiment: "negative" materiality_score: 0.9 calibrated_materiality_score: 0.9 confidence: "high" source: SEC EDGAR --- # MariaDB enters $26.5M senior secured note due Jan 10, 2024; four directors replaced ## Summary - Issued $26.5M senior secured promissory note to RP Ventures LLC; 10% interest, matures January 10, 2024. - Proceeds used to repay EIB loan in full and for working capital; secured by substantially all assets. - Four directors (Suh, Russell, Berenson, Wang) resigned; Zubarev and Fanfant appointed; Ingels remains chairman. - Company must hire a Chief Restructuring Officer within 5 business days; restricted from other financings until maturity. ## SEC filing metadata - accession: 0001104659-23-107910 - form_type: 8-K - cik: 0001929589 - company_name: MariaDB plc - filed_at: 2023-10-10T23:59:59+00:00 - event_type: debt - sentiment: negative - materiality_score: 0.9 - calibrated_materiality_score: 0.9 - confidence: high - sec_items: 1.01, 2.03, 5.02, 2.04, 7.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1929589/000110465923107910/0001104659-23-107910-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1929589/000110465923107910/tm2328031d1_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-23-107910 - JSON: https://secwatch.observer/filing/0001104659-23-107910.json - Plain text: https://secwatch.observer/filing/0001104659-23-107910.txt ## Key facts - Debt Financings MariaDB plc faced acceleration on loan with European Investment Bank. - Instrument: loan - Counterparty: European Investment Bank - Event: acceleration source text: Under terms of the EIB Loan, transactions contemplated by the Note and the Security Agreement may allow the European Investment Bank to demand the Company immediately repay all amounts outstanding under the EIB Loan. evidence_url: https://www.sec.gov/Archives/edgar/data/1929589/000110465923107910/0001104659-23-107910-index.htm - Debt Financings MariaDB plc incurred senior notes of $26.5 million with RP Ventures LLC at ten percent (10%) per annum maturing the earlier of (i) January 10, 2024, (ii) the occurrence of a Change of Control... (iii) the occurrence of any breach of any of the documentation relating to th. - Instrument: senior notes - Principal: $26.5 million - Counterparty: RP Ventures LLC - Rate: ten percent (10%) per annum - Maturity: the earlier of (i) January 10, 2024, (ii) the occurrence of a Change of Control... (iii) the occurrence of any breach of any of the documentation relating to th - Event: incurrence source text: On October 10, 2023 (the "Closing Date"), MariaDB plc (the "Company") issued a senior secured promissory note to RP Ventures LLC ("RP Ventures"), a Delaware limited liability company, in the principal amount of $26.5 million (the "Note"). evidence_url: https://www.sec.gov/Archives/edgar/data/1929589/000110465923107910/0001104659-23-107910-index.htm - Executive change Theodore Wang resigned as Director at MariaDB plc. - Action: resigned - Role: Director source text: each of Alexander Suh, Christine Russell, Harold Berenson, and Theodore Wang tendered their resignation from the Board and, to the extent applicable, all committees thereof, in each case, effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1929589/000110465923107910/0001104659-23-107910-index.htm - Executive change Michael Fanfant was appointed as Director at MariaDB plc. - Action: appointed - Role: Director source text: Yakov “Jack” Zubarev and Michael Fanfant were appointed to the Board as Class II and I directors, respectively, with terms ending at the 2026 annual general meeting of shareholders and 2024 annual general meeting of shareholders, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/1929589/000110465923107910/0001104659-23-107910-index.htm - Executive change Harold Berenson resigned as Director at MariaDB plc. - Action: resigned - Role: Director source text: each of Alexander Suh, Christine Russell, Harold Berenson, and Theodore Wang tendered their resignation from the Board and, to the extent applicable, all committees thereof, in each case, effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1929589/000110465923107910/0001104659-23-107910-index.htm - Executive change Alexander Suh resigned as Director at MariaDB plc. - Action: resigned - Role: Director source text: each of Alexander Suh, Christine Russell, Harold Berenson, and Theodore Wang tendered their resignation from the Board and, to the extent applicable, all committees thereof, in each case, effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1929589/000110465923107910/0001104659-23-107910-index.htm - Executive change Jurgen Ingels changed role as Chair of the Board at MariaDB plc. - Action: will serve as chair - Role: Chair of the Board source text: Current director Jurgen Ingels will serve as chair of the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/1929589/000110465923107910/0001104659-23-107910-index.htm - Executive change Yakov "Jack" Zubarev was appointed as Director at MariaDB plc. - Action: appointed - Role: Director source text: Yakov “Jack” Zubarev and Michael Fanfant were appointed to the Board as Class II and I directors, respectively, with terms ending at the 2026 annual general meeting of shareholders and 2024 annual general meeting of shareholders, respectively. evidence_url: https://www.sec.gov/Archives/edgar/data/1929589/000110465923107910/0001104659-23-107910-index.htm - Executive change Christine Russell resigned as Director at MariaDB plc. - Action: resigned - Role: Director source text: each of Alexander Suh, Christine Russell, Harold Berenson, and Theodore Wang tendered their resignation from the Board and, to the extent applicable, all committees thereof, in each case, effective immediately. evidence_url: https://www.sec.gov/Archives/edgar/data/1929589/000110465923107910/0001104659-23-107910-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.