MariaDB SPAC Presentation Deck
TRANSACTION SUMMARY
Sources and Uses
Sources ($)
Cash Held in SPAC Trust¹
Equity Bridge Proceeds
PIPE Proceeds
Total Sources
Uses ($)
Debt Repayment
Cash to MariaDB Balance Sheet
Transaction Fees & Expenses
Total Uses
$265.0
104.0
18.2
$387.2
$21.6
316.7
48.9
$387.2
Pro Forma Valuation
($mm other than share price)
Share Price at Merger
PF Shares Outstanding (mm)2,3
(4) Assumes EIB Loan (Tranche 2) of €15.0mm remains outstanding.
(5) Represents cash balance as of 11/1/2021, plus cash to MariaDB balance sheet in the transaction.
Equity value
Debt Outstanding4
Less: Cash on MariaDB Balance Sheet5
Enterprise Value
FY 2022E Revenue
Implied EV / FY 2022E Revenue
$47.4
14.2x
Transaction
$10.00
97.4
$973.6
$17.3
(318.8)
$672.1
Fiscal Year Ends
September
Note: Assumes USD:EUR conversion of 1.15:1.00
(1) Assumes 0% redemption by Angel Pond stockholders.
(2) Reflects 50.0mm shares (incl. vested options and vested warrants) held by existing shareholders, 12.3mm shares held by equity bridge investors, 26.6mm shares held by Angel Pond public shareholders, 6.6mm shares
held by the sponsor and 1.9mm shares held by PIPE investors; assumes a 0% redemption by Angel Pond stockholders; excludes warrants.
(3) The PF Shares Outstanding have been revised since the date the investor presentation was made available to reflect a $18.2mm PIPE investment (versus $50mm the prior draft) issued at $9.50 per share. The result was a
3.4mm decrease in PF Shares Outstanding
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