Runa Capital II (GP) (“Runa”) Further statement re possible offer for MariaDB plc (“MariaDB” or the “Company”) Increased proposal to provide up to US$20 million in bridge financing
Dublin, Ireland, Sept. 26, 2023 (GLOBE NEWSWIRE) -- On 15 September 2023, Runa announced that it made an all cash proposal to the directors of MariaDB (the “Board”) to acquire, together with Runa’s investment affiliates, 100% of the issued share capital of the Company not already owned by Runa, at a price of US$0.56 per share (the “Possible Offer”). In that announcement, Runa noted the impending default of the Company under its senior debt and indicated that it was prepared, as an interim measure, to extend to the Company a US$5 million bridge loan on terms to be agreed between the parties.
- The Commitment Letter and its terms will expire if not fully executed by the Company on or prior to 29 September 2023.
- In addition, the Company will pay Runa an origination fee of 0.5% of the loan amount.
- This announcement does not constitute an offer to sell or invitation to purchase any securities.
- Terms in quotation marks are defined in the Irish Takeover Rules, which can be found on the Irish Takeover Panel's website.