MariaDB, a new generation cloud database company, today announced completion of its business combination with Angel Pond Holdings.
Angel Pond in a Dec. 12 regulatory filing had disclosed that 99% of its shares were redeemed in connection with the deal vote, leaving about $2.3 million in trust. However, the SPAC brought about $122.2 in PIPE funding to the table — more than enough to cover the $100 million minimum cash threshold to close.
The deal was valued at $672 million at announcement in February.
MariaDB shares and warrants begin trading today on the NYSE under the symbols MRDB and MRDB WS. Read more.
