---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-25-035929"
form_type: "8-K"
ticker: null
cik: "0001845022"
company_name: "Couchbase, Inc."
filed_at: "2025-09-24T23:59:59+00:00"
generated_at: "2026-05-17T05:48:47.742621+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Haveli Investments completes $1.5B all-cash acquisition of Couchbase; stock delisted

## Summary
- Acquisition by Haveli Investments completed at $24.50 per share in cash, aggregate ~$1.5B.
- Couchbase common stock ceased trading on Nasdaq; delisting and deregistration filed.
- All outstanding Couchbase RSUs and options cancelled/converted to cash based on $24.50/share.
- New credit facilities entered: $150M Holdco term loan and $450M Opco term loan plus $40M revolver.
- Entire board replaced; directors resigned, Brian Sheth and Sumit Pande appointed.

## SEC filing metadata
- accession: 0001140361-25-035929
- form_type: 8-K
- cik: 0001845022
- company_name: Couchbase, Inc.
- filed_at: 2025-09-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 3.01, 3.03, 5.03, 5.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1845022/000114036125035929/0001140361-25-035929-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845022/000114036125035929/ef20055964_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-25-035929
- JSON: https://secwatch.observer/filing/0001140361-25-035929.json
- Plain text: https://secwatch.observer/filing/0001140361-25-035929.txt

## Key facts
- M&A Transactions
  Couchbase, Inc. underwent a change of control involving Cascade Parent Inc. and Haveli Investments, L.P. for $24.50 in cash (closed 2025-09-24).
  - Action: change of control
  - Counterparty: Cascade Parent Inc. and Haveli Investments, L.P.
  - Consideration: $24.50 in cash
  - Closing: 2025-09-24
  source text: immediately prior to the Effective Time (subject to certain exceptions specified in the Merger Agreement) was automatically canceled and converted into the right to receive $24.50 in cash, without interest (the “Per Share Price”), subject to applicable withholding taxes. Pursuant to the Merger Agreement, Couchbase’s equity awards that were outstanding
  evidence_url: https://www.sec.gov/Archives/edgar/data/1845022/000114036125035929/0001140361-25-035929-index.htm

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