MariaDB plc has successfully completed its business combination with Angel Pond Holdings Corporation, enabling it to trade on the New York Stock Exchange and positioning the company for accelerated growth in the cloud database market.

Target Information

MariaDB plc (NYSE:MRDB) is a next-generation cloud database company based in Redwood City, California, and Dublin, Ireland. It recently completed a business combination with Angel Pond Holdings Corporation, a previously publicly traded special purpose acquisition company (SPAC), to form an Irish public limited company under the name MariaDB plc. This transaction enables MariaDB’s ordinary shares and warrants to be traded on the New York Stock Exchange starting December 19, 2022, symbolized as 'MRDB' and 'MRDB WS,' respectively.

MariaDB’s innovative relational database products are designed to support diverse workloads and provide scalability on any cloud platform. The firm focuses on delivering cloud data services through its flagship offering, MariaDB SkySQL. Companies leverage MariaDB’s solutions for various applications, such as accessing data on mobile devices, processing prescriptions, and facilitating financial transactions, reflecting the essential role its technology plays in daily operations.

Industry Overview

The cloud database market is experiencing significant growth, with organizations increasingly migrating to cloud-based solutions for enhanced scalability and flexibility. The demand for cloud database services has surged as businesses seek to optimize costs