K1 Investment Management, LLC entered into a non-binding proposal to acquire MariaDB plc (NYSE:MRDB) for approximately $38 million on February 15, 2024. As consideration, MariaDB was offered $0.55 per share in cash. The proposed transaction would be effected by way of an Irish law scheme of arrangement whereby K1, or its affiliates, would acquire 100% of the issued shares of the Company. There can be no certainty that any offer will be made, nor as to the terms on which any such offer might be made. K1 reserves the right to amend the terms of any offer, including making the offer on less favorable terms or at a lower value than $0.55 per share.

Adrian Duchini, Keiran Wilson and Charles White of Lazard Frères & Co. LLC and Lazard & Co., Limited are acting exclusively as financial advisor to K1 Investment Management, LLC.