Form 425 Angel Pond Holdings Corp Filed by: Angel Pond Holdings Corp
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
Filing pursuant to Rule 425 under the
Securities Act of 1933, as amended
Deemed filed under Rule 14a-12 under the
Securities Exchange Act of 1934, as amended
Filer: Angel Pond Holdings Corporation
Subject Company: Angel Pond Holdings Corporation
Filers Commission File Number: 1-40382
Date: August 18, 2022
MariaDB Reimagines How Databases Deliver Geospatial Capabilities with Acquisition
Making it easy and quick for developers to build geospatial applications with a cloud-based,
scalable open standard API-driven approach
August 18, 2022 08:00 AM Eastern Daylight Time
REDWOOD CITY, Calif. & HELSINKI(BUSINESS WIRE)MariaDB® Corporation today announced it has acquired CubeWerx, leaders in geospatial solutions, for an undisclosed amount. With the acquisition, MariaDB adds cloud-native, scalable geospatial capabilities that the company plans to offer through its fully managed cloud service MariaDB SkySQL. Applications that leverage geospatial data are truly transformative, enabling businesses to offer new products or services that are highly engaging and tailored to end users.
#Acquisition news: @mariadb acquires #geospatial solution leader @CubeWerx and enters the space with a unique approach, making it easy and quick for developers to build geospatial applications with a #cloud-based, scalable, open-standard, API-driven method
Were taking a unique, developer-centric approach to delivering geospatial capabilities that no other database vendor has taken, said Jags Ramnarayan, VP and general manager for SkySQL at MariaDB Corporation. While other databases such as PostgreSQL and Oracle have added geospatial capabilities directly into the database, we are taking a modern cloud-native approach of managing virtually infinite amounts of geospatial data on low-cost, durable cloud storage and providing OGC standards-based REST APIs to access the data. We believe this approach will allow MariaDB to leapfrog the database world for geospatial application development.
Geospatial: Unlocking New Value
Geographic data and information is becoming increasingly important and critical to businesses everywhere. New drones, satellites and sensors are contributing to the growing amount of location-based and imagery data available. This presents a unique opportunity for businesses to integrate geospatial data into their applications to offer services and capabilities that they couldnt previously.
The use cases are endless from mapping services for everything from location awareness to route optimization, to applications that improve forecast accuracy, inventory management, and even equity trading. Up to 90% of all government information includes geospatial data. Beyond the public sector, industries such as manufacturing, financial services, gaming, insurance, construction and energy are finding novel uses for geospatial to deliver better services and new offerings. Geospatial data and services are key to tracking climate change, carbon emissions and their impact on global ecosystems.
Geospatial: A Modern API-driven Approach for Developers
Geospatial application development has moved from traditional geospatial interfacing with databases to off-the-shelf geospatial library use and web APIs. This web services approach is extremely easy to use and makes integration with applications a breeze.
With CubeWerx, MariaDB will provide geospatial the way developers use geospatial through modern, open standard APIs. CubeWerx manages data in tiers for extreme scale and high performance. It uses MariaDB to manage frequently used vector data (e.g., a geolocation) and for intelligent caching while relying on unlimited cloud storage for raster data which tends to be voluminous (e.g., satellite imagery). Data volume is no longer a limiting factor with this approach and geospatial data is able to grow to any scale.
MariaDBs vision for how to deliver geospatial capabilities aligns perfectly with what weve built at CubeWerx, said Edric Keighan, co-founder at CubeWerx and VP for geospatial engineering at MariaDB Corporation. Our team brings significant experience in geospatial to MariaDB, having worked as the original implementers of Oracle Spatial. Well be able to help execute MariaDBs vision to bring the best geospatial experience to developers and end users, reaching an even broader audience.
Were at the tipping point for geospatial to be a must-have dimension in building new applications, said Lynne Schneider, research director, location and geospatial intelligence, IDC. In the past, relatively few people were capable of building geospatial applications. Now people are waking up to the possibilities that geospatial affords and open standard API-driven approaches will let more people take advantage of these rich capabilities. With the acquisition of CubeWerx, MariaDB is stepping into a really great spot.
MariaDB is committed to open geospatial standards and is joining the Open Geospatial Consortium (OGC). Learn more about MariaDBs commitment to open standards.
Get started with MariaDB in the cloud with MariaDB SkySQL
Follow @mariadb on Twitter
Read MariaDBs blog
Earlier this year MariaDB announced the intent to become a publicly traded company via combination with Angel Pond Holdings Corporation (NYSE:POND). To learn more, go to https://mariadb.com/IPO.
MariaDB frees companies from the costs, cloud lock-in, constraints and complexity of proprietary databases, enabling them to reinvest in what matters most rapidly developing innovative, customer-facing applications. MariaDB uses pluggable, purpose-built storage engines to support workloads that previously required a variety of specialized databases. With complexity and constraints eliminated, enterprises can now depend on a single complete database for their needs, whether on commodity hardware or their cloud of choice. Deployed in minutes for transactional, analytical or hybrid use cases, MariaDB delivers operational agility without sacrificing key enterprise features, including real ACID compliance and full SQL. Trusted by organizations such as Bandwidth, DigiCert, InfoArmor, Oppenheimer, Samsung, SelectQuote, SpendHQ MariaDB meets the same core requirements as proprietary databases at a fraction of the cost. No wonder its one of the fastest-growing database management systems companies. Real business relies on MariaDB.
About Angel Pond
Angel Pond Holdings Corporation (NYSE:POND) is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Angel Pond was co-founded by Dr. Theodore T. Wang, a former Partner of Goldman Sachs, and Mr. Shihuang Simon Xie, a co-founder of China e-commerce company Alibaba Group. For more information, visit https://www.angelpond.com/.
MariaDB Corporation Ab frees companies from the costs, cloud lock-in, constraints and complexity of proprietary databases, enabling them to reinvest in what matters most rapidly developing innovative, customer-facing applications. MariaDB uses pluggable, purpose-built storage engines to support workloads that previously required a variety of specialized databases. With complexity and constraints eliminated, enterprises can now depend on a single complete database for their needs, whether on commodity hardware or their cloud of choice. Deployed in minutes for transactional, analytical or hybrid use cases, MariaDB delivers operational agility without sacrificing key enterprise features, including real ACID compliance and full SQL. Trusted by organizations such as, Bandwidth, DigiCert, InfoArmor, Oppenheimer, Samsung, SelectQuote, SpendHQ MariaDB meets the same core requirements as proprietary databases at a fraction of the cost. No wonder its one of the fastest growing database management systems companies. Real business relies on MariaDB.
Important Information for Investors and Shareholders
In connection with the proposed combination of MariaDB and Angel Pond, Mangomill plc (a subsidiary of Angel Pond) filed a registration statement on Form S-4 (the Registration Statement) with the SEC on June 22, 2022, which includes a proxy statement, which when declared effective by the SEC, will be distributed to holders of Angel Ponds ordinary shares in connection with Angel Ponds solicitation of proxies for the vote by Angel Ponds shareholders with respect to the proposed combination and other matters as described in the Registration Statement, as well as the prospectus relating to the offer of securities to be issued to Angel Ponds and MariaDBs shareholders in connection with the proposed combination. Investors and security holders and other interested parties are urged to read the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about Angel Pond, MariaDB and the proposed combination. The documents relating to the proposed combination (when they are available) can be obtained free of charge from the SECs website at www.sec.gov. Free copies of these documents, once available, may also be obtained from the respective companies by contacting the investor relations department of Angel Pond or MariaDB at the following:
Angel Pond Contact Information
MariaDB Contact Information
|[email protected]||[email protected]|
Cautionary Note on Forward-Looking Statements
This communication contains forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act). In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as expect, anticipate, intend, plan, believe, seek, see, will, would, target, similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the proposed combination, the expected timetable for completing the proposed combination, the benefits and synergies of the proposed combination, future opportunities for the combined company and products and any other statements regarding Angel Ponds and MariaDBs future operations, anticipated growth, financial or operating results, capital allocation, market opportunities, strategies, anticipated business levels, future earnings, planned activities, dividend policy, debt ratio, competitions, and other expectations and targets for future periods. There are several factors which could cause actual plans and results to differ materially from those expressed or implied in forward-looking statements. Such factors include, but are not limited to, (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of Angel Ponds securities, (ii) the risk that the transaction may not be completed by Angel Ponds business combination deadline, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the approval of the transactions contemplated by the Business Combination Agreement, by and between Angel Pond, Mangomill plc, Meridian MergerSub Inc. and MariaDB, dated as of January 31, 2022 (the Merger Agreement) by the shareholders of Angel Pond and MariaDB, respectively, and the satisfaction of the minimum cash conditions, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed combination, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger Agreement, (vi) the effect of the announcement or pendency of the transaction on MariaDBs business relationships, operating results, and business generally, (vii) risks that the proposed combination disrupts current plans and operations of MariaDB and potential difficulties in MariaDB employee retention as a result of the transaction, (viii) the outcome of any legal proceedings that may be instituted against MariaDB or against Angel Pond related to the Merger Agreement or the proposed combination, (ix) the ability to maintain the listing of Angel Ponds securities or the combined companys securities on a national securities exchange, (x) the price of Angel Ponds securities may be volatile due to a variety of factors, including the uncertainty of demand in the market that Angel Pond plans to operate or MariaDB operates, variations in operating performance across competitors, changes in laws and regulations affecting the business and changes in the combined capital structure, (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed combination, and identify and realize additional opportunities, (xii) the ability to discover, develop and protect new technologies and to protect and enforce MariaDBs or Angel Ponds intellectual property rights, (xiii) the fact that significant capital investment is required for the research & development of intellectual property and other proprietary information to improve
and scale technological processes, (xiv) the fact that MariaDB is an early stage company with a history of losses and its future profitability is uncertain, (xv) the uncertainty of financial projections which rely in part on assumptions about customer demand based on ongoing negotiations and indications of interest from potential customers, (xvi) the risk of downturns and a changing regulatory landscape in a highly competitive industry, (xvii) risks relating to the value of the combined companys securities to be issued in the transaction and uncertainty as to the long-term value of the combined companys securities, (xviii) disruptions and other impacts to MariaDBs business as a result of the COVID-19 pandemic and other global health, international conflicts (including in the Ukraine and the related impacts) or economic crises, (xix) the amount of redemption requests made by Angel Ponds shareholders, which could be significant, (xx) those factors discussed in the Registration Statement under the Risk Factors heading, and other documents Angel Pond or Mangomill plc has filed, or will file, with the SEC, and (xxi) other risks to Angel Ponds and MariaDBs business, operations and results of operations including from: failure to develop and market new products and optimally manage product life cycles; the loss of one or more significant customers or a significant reduction of business with customers; ability, cost and impact on business operations, of responding to changes in market acceptance, rules, regulations and policies and failure to respond to such changes; global economic and capital market conditions, including the continued availability of capital and financing, as well as inflation, interest and currency exchange rates; changes in political conditions; business or supply disruption; security threats, such as acts of sabotage, terrorism or war, and natural disasters which could result in a significant operational event for MariaDB or Angel Pond; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, as well as managements response to any of the aforementioned factors. These risks, as well as other risks associated with the proposed combination, are more fully discussed in the Registration Statement. While the list of factors presented here is, and the list of factors to be presented in any registration statement filed in connection with the transaction are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Further lists and descriptions of risks and uncertainties may be found in each of Angel Pond and the combined companys subsequent reports on Form 10-Q, Form 10-K, Form 8-K, and other SEC filings, the contents of which are not incorporated by reference into, nor do they form part of, this announcement. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on Angel Ponds or MariaDBs consolidated financial condition, results of operations, credit rating or liquidity. Neither Angel Pond nor MariaDB assumes any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
Participants in the Solicitation
Angel Pond, MariaDB, Mangomill plc and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Angel Ponds shareholders in connection with the proposed business combination. Information about Angel Ponds directors and executive officers and their ownership of Angel Ponds securities is set forth in the
Registration Statement described above. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed combination may be obtained by reading the Registration Statement and other documents Angel Pond or Mangomill plc have filed, or will file, with the SEC regarding the proposed business combination, including the definitive proxy statement/prospectus when it becomes available.
This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Angel Pond, Mangomill plc or MariaDB, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
- Dow Futures Tick Higher After Indices Extend Rout
- Oil Creeps Higher as Markets Weigh Hurricane-led Supply Disruptions
- Wall Street ends lower, Dow confirms bear market
- S&P 500 Will See 3000-3400 Later This Year, Morgan Stanley's Wilson Warns Again
- Add Equity Exposure As Double Bottom Attempt is Underway - Canaccord Genuity
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gallium Semiconductor Unveils New GaN Transistor Product Portfolio
- Advent Announces Corporate Name Change to Advaxia
- Trulioo Expands Global Footprint to Singapore
Create E-mail Alert Related CategoriesSEC Filings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!