MariaDB SPAC Presentation Deck slide image

MariaDB SPAC Presentation Deck

RISK FACTORS SUMMARY (cont'd) • Without significant investments in our sales and marketing organizations and improvements in sales and marketing programs, we may be unable to add new customers or increase sales to existing customers at a level needed to achieve our growth expectations. • We may require significant additional capital investment into research and development, including in the area of intellectual property and other proprietary technology, the failure of which to secure could adversely impact our business. • Our success depends on our ability to expand and enhance our workforce to support future growth, and our inability to attract and retain employees in key areas such as software development, sales and marketing, and customer support would adversely affect our growth prospects and results of operations. • Real or perceived errors, bugs or other problems with our products and services (including data loss or failure to meet our contractual obligations) may adversely affect our relationship with existing customers and deter prospective customers, require us to expend significant resources and expenses to address the problems, and impede market acceptance of our products and services. • If we fail to offer high quality support, for example with our remote database administration services, our business and reputation could suffer. • Our business could suffer disruptions, outages, defects, and other performance and quality problems due to issues with public platforms, the public cloud and internet infrastructure on which our products and services rely, which could negatively affect our business. • Because database products and services such as those we offer are often used to collect and store personal information, domestic and international privacy concerns, including complex and onerous regulatory requirements (such as HIPAA and GDPR), could result in additional costs and liabilities or inhibit sales of our products and services. • If our security measures, or those of our third-party providers, are breached or unauthorized access to personal information or other private or proprietary data is otherwise obtained, our software may be perceived as not being secure, customers may reduce or terminate their use of our products and services, and we may face litigation, regulatory investigations, significant liability and reputational damage. • Unfavorable conditions in our industry or the global economy or reductions in information technology spending could limit our ability to grow our business and negatively affect our results of operations. • Economic and other disruptions from the global COVID-19 pandemic and its fallout may cause delays in our sales cycles, decrease sales to new customers, and reduce upselling and cross-selling to existing customers. • We may need to incur substantial costs to protect or defend our intellectual property rights, and any failure to adequately protect our intellectual property could reduce the value and attractiveness of our products and services. • The Proposed Business Combination transaction between MariaDB and Angel Pond is subject to significant risks and uncertainties, including the uncertainty that MariaDB will be able to agree with Angel Pond on definitive terms for the transaction, the risk that MariaDB's or Angel Pond's shareholders may not approve the transaction, and the risk that other conditions to closing (including required governmental, exchange and other approvals) may not be satisfied or waived, any of which could significantly affect an investment in MariaDB or Angel Pond. • Even if MariaDB and Angel Pond agree on definitive terms for the Proposed Business Combination and the transaction receives all applicable approvals, the exercise of redemption rights by Angel Pond's public shareholders may result in the failure of the transaction to close, or even if the transaction does close, such redemption could cause the combined company to be undercapitalized. • If the benefits of the Proposed Business Combination between MariaDB and Angel Pond do not meet expectations of investors or securities analysts, the market price of a combined company may decline, potentially significantly. • The costs relating to the transactions will be significant and there will be increased expenses and administrative burdens of being a public combined company, all of which could have a material impact on the business and the financial condition and results of the public combined company. • The unaudited financial information included in this presentation may not be indicative of what MariaDB's actual financial results or condition has been or will be. • The requirements of being a public company may strain our resources and divert management's attention, and the increases in legal, accounting and compliance exp than we anticipate. that will result from being a public company may be greater • As a private company, we have not been required to document and test our internal controls over financial reporting nor has our management been required to certify the effectiveness of our internal controls and our auditors have not been required to opine on the effectiveness of our internal control over financial reporting. Failure to maintain adequate financial, information technology and management processes and controls could impair our ability to comply with the financial reporting and internal controls requirements for publicly traded companies, which could lead to errors in our financial reporting and adversely affect our business. Proprietary & Confidential MariaDB 46
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