Marin Software (MRIN) enters non-binding LoI with a private equity company

Marin Software Incorporated (NASDAQ: MRIN) entered into a non-binding letter of intent (the “LOI”) with a private equity firm (the “Counterparty”) to explore a potential transaction whereby the Counterparty would acquire substantially all of the assets of the Company, which may be through a voluntary reorganization transaction (the “Potential Transaction”). The Company’s Board of Directors (the “Board”) believes that the Potential Transaction, if consummated on the terms set forth in the LOI, will result in greater liquidating distributions to the Company’s stockholders than the currently contemplated voluntary dissolution of the Company (the “Dissolution”), as described in the Company’s Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission (the “SEC”) on May 7, 2025 (the “Proxy Statement”) for a Special Meeting of Stockholders to occur on June 11, 2025 (the “Special Meeting”).

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