MariaDB plc: debt financing — MariaDB extends $26.5M note maturity to Jan 31; pays $75K fee

MariaDB plc

Extended maturity and exclusivity period of $26.5M senior secured promissory note from Jan 10 to Jan 31, 2024.
Company pays RP Ventures a nonrefundable $75,000 funding fee for the amendment.
Exclusivity restricts MariaDB from pursuing other recapitalization or financing deals except with RP Ventures or Runa affiliates.
Company cites need for time to continue work on a recapitalization structure with noteholder parties.
Amendment highlights ongoing liquidity risk; NYSE delisting possible if market cap standards not met.

item 2.03 item 1.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

MariaDB plc amended senior notes with RP Ventures LLC maturing January 31, 2024.

Instrument: senior notes
Counterparty: RP Ventures LLC
Maturity: January 31, 2024
Event: amendment

Exact text from the filing

The First Amendment, among and between MariaDB, RP Ventures, and other note parties to the RPV Note, extends (i) the maturity date of the RPV Note from January 10, 2024 to January 31, 2024, providing time for the Company to continue to work with parties related to the noteholder on a recapitalization structure and (ii) the exclusivity period under the RPV Note from January 10, 2024 to January 31, 2024

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MariaDB plc amended First Amendment to Senior Secured Promissory Note with RP Ventures LLC valued at 26.5 million USD (effective 2024-01-10).

Action: amendment
Agreement: notes offering
Counterparty: RP Ventures LLC
Value: 26.5 million USD
Effective: 2024-01-10

Exact text from the filing

Exhibit No. Description 10.1 First Amendment to Senior Secured Promissory Note, dated January 10, 2024, by and among MariaDB plc, RP Ventures LLC, and the other note parties thereto.

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Source: SEC EDGAR

accession 0001929589-24-000004

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