MariaDB plc announced that issued senior secured promissory note at an issue price of $26,500,000 for proceeds of $26,500,000 on October 10, 2023. The transaction will include participation from new investor R. P. Ventures, LLC. The note will mature on January 10, 2024.

Interest on the Note accrues on the principal amount at the rate of 10% per annum and will be paid on a quarterly basis commencing on January 1, 2024.