K1 Investment Management, LLC (“K1”) Statement regarding Possible Offer for MariaDB plc (“MariaDB”)
LOS ANGELES, Feb. 16, 2024 (GLOBE NEWSWIRE) -- K1 confirms that it made, on 15 February 2024, a non-binding proposal to the board of directors of MariaDB (the “Board”) to acquire, together with K1’s investment affiliates, all of the issued, and to be issued, share capital of MariaDB at a value of $0.55 per share (the “Possible Offer”). The terms of the Possible Offer represent:-
- THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY SUCH OFFER WILL BE MADE.
- K1 has a high regard for the MariaDB business and looks forward to engaging with MariaDB in connection with the Possible Offer.
- However, K1 reserves the right to implement the proposal, instead, by way of contractual offer.
- There can be no certainty that any offer will be made, nor as to the terms on which any such offer might be made.