8,000,000 warrants (or up to 8,900,000 warrants if the Over-allotment Option (as defined below) in connection with Angel Pond’s Offering (as defined below) was exercised in full) simultaneously with the closing of the Offering (and any closing of the Over-allotment Option, if applicable) bearing the legend set forth in Exhibit B hereto (the “Private Placement Warrants”) at a purchase price of US$1.00 per Private Placement Warrant. On issuance, each Private Placement Warrant entitled the holder thereof to purchase one Class A ordinary share (as defined below) at a price of US$11.50 per share, subject to adjustment, terms and limitations as described herein;
WHEREAS, Angel Pond consummated an initial public offering (the “Offering”) of units of Angel Pond’s equity securities (the “Units”), each such Unit comprised of one Class A ordinary share of Angel Pond, par value $0.0001 per share (“Class A ordinary shares”) and one-third of one redeemable warrant (the “Public Warrants” and, together with the Private Placement Warrants, the “Warrants”), and, in connection therewith, determined to issue and deliver up to 11,500,000 Public Warrants (including up to 1,500,000 Public Warrants subject to the Over-allotment Option) to public investors in the Offering. On issuance, each whole Public Warrant entitled the holder thereof to purchase one Class A ordinary share at a price of US$11.50 per share, subject to adjustment, terms and limitations as described herein;
WHEREAS, Angel Pond filed with the Securities and Exchange Commission (the “Commission”) a registration statement on Form S-1, File No. 333-253990 and a prospectus (the “Prospectus”) for the registration, under the Securities Act of 1933, as amended (the “Securities Act”), of the Units, the Public Warrants and the Class A ordinary shares included in the Units;
WHEREAS, on January 31, 2022, a Business Combination Agreement (the “Business Combination Agreement”) was entered into by and among Angel Pond, the Company, MariaDB Corporation Ab, a Finnish private limited liability company, and Meridian MergerSub Inc., a Cayman Islands exempted company and a wholly owned subsidiary of the Company (“Merger Sub”), which provided, among other matters for the merger, by operation of Cayman Islands’ law, of Merger Sub with and into Angel Pond, with Angel Pond surviving such merger as a direct wholly owned subsidiary of the Company (the “Domestication Merger”);
WHEREAS, pursuant to the Domestication Merger, as contemplated by sections 2.3(a) and (b) of the Business Combination Agreement, each Class A ordinary share and each class B ordinary share of Angel Pond, par value US$0.0001, issued and outstanding immediately prior to the effective time of the Domestication Merger (the “Domestication Merger Effective Time”), was, by operation of the relevant merger laws, automatically cancelled and converted into the right to receive, by way of allotment and issue, one fully paid and non-assessable ordinary share in the capital of the Company, par value US$0.01 (an “Ordinary Share”);
WHEREAS, pursuant to the Domestication Merger, as contemplated by section 2.3(c) of the Business Combination Agreement, each Warrant issued and outstanding immediately prior to the Domestication Merger Effective Time remained in issue and outstanding following the Domestication Merger Effective Time, but was, by operation of the relevant merger laws, automatically adjusted, with effect from the Domestication Merger Effective Time, such that it is no longer exercisable for Class A ordinary shares, but instead entitles the holder thereof to subscribe for one Ordinary Share at a price per share of US$11.50 on the terms and subject to the conditions of this Agreement;
WHEREAS, pursuant to the Domestication Merger, as contemplated by section 2.3(c) of the Business Combination Agreement, with effect from the Domestication Merger Effective Time, this Agreement was, by operation of the relevant merger laws, automatically assigned to the Company, and the Company automatically assumed all of Angel Pond’s obligations under this Agreement;
WHEREAS, on December, 2022, Angel Pond, Continental Stock Transfer & Trust Company and the Warrant Agent entered into a Warrant Amendment Agreement (the “Warrant Amendment Agreement”) to provide for certain amendments to this Agreement, which took effect upon the Domestication Merger Effective Time, that were considered necessary or desirable to deal with certain matters related to the Domestication Merger, including the appointment of the Warrant Agent as successor warrant agent to Continental;
WHEREAS, the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants;
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