secwatch.observer — SEC 8-K summary
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Issuer:     MariaDB plc (—)
CIK:        0001929589
Form:       8-K
Filed at:   2023-10-10T23:59:59+00:00
Accession:  0001104659-23-107910
Event type: debt
Sentiment:  negative
Materiality: 0.90
Item codes: 1.01, 2.03, 5.02, 2.04, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MariaDB enters $26.5M senior secured note due Jan 10, 2024; four directors replaced
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1929589/000110465923107910/0001104659-23-107910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1929589/000110465923107910/tm2328031d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-107910

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