K1 (Meridian BidCo) Acquires MariaDB plc

Meridian BidCo LLC, an affiliate of K1 Investment Management, completed a tender offer to acquire MariaDB plc for $0.55 per share, acquiring 88.7% of the issued share capital and issuing compulsory acquisition notices to purchase remaining shares. Following the acquisition, K1 intends to delist MariaDB from the NYSE and has announced new leadership to accelerate product innovation and enterprise growth.