Rimini Street : Regulation FD Disclosure - Form 8-K

ITEM 7.01

REGULATION FD

On December 6, 2023, certain subsidiaries of Oracle Corporation (together, "Oracle") and Rimini Street, Inc. (the "Company") submitted a joint stipulation and proposed order (the "Stipulation") with the United States District Court for the District of Nevada (the "District Court") relating to contempt proceedings brought by Oracle against the Company in July 2020 alleging violations of a permanent injunction issued by the District Court in November 2018.

In its January 2022 order adjudicating this matter, the District Court ruled that Oracle may recover its "reasonable attorneys' fees and costs" against the Company, and on November 27, 2023, Oracle filed a motion titled "motion for attorneys' fees and costs for enforcing the injunction" requesting attorneys' fees, taxable costs and non-taxable costs totaling approximately $12.2 million relating to the contempt proceedings through September 30, 2023, plus an additional amount to be estimated relating to additional attorneys' fees and costs incurred during the months of October and November 2023 in preparing the motion, once paid.

Per the Stipulation, the parties agreed to a resolution of Oracle's motion upon the Company's payment of approximately $9.7 million to Oracle no later than December 8, 2023, which amount was paid by the Company on December 7, 2023, rendering Oracle's November 27, 2023 motion moot. Also per the Stipulation, the parties requested that the District Court consider Oracle's motion withdrawn and agreed that the Company will forego any remaining appellate rights with respect to this matter. Accordingly, upon order of the District Court dated December 6, 2023 withdrawing Oracle's motion and the payment by the Company of the amount described above, all matters relating to the July 2020 contempt proceeding have been resolved.

All information in this Item 7.01 is presented as of the date of this Current Report on Form 8-K and not any future date, and the Company does not undertake any obligation to, and disclaims any duty to, update any of the information provided.

Please see the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, as filed with the United States Securities and Exchange Commission on November 1, 2023, for additional information and disclosures relating to the Company's litigation with Oracle.

The information presented in Item 7.01 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered "filed" under the Exchange Act or specifically incorporates it by reference in any filing under the Securities Act of 1933 or the Exchange Act.