MariaDB sent dollar dip warning from NYSE

The New York Stock Exchange has notified MariaDB, the database services biz formed around a fork of MySQL, that it is not in compliance with its listing manual after the company's share price dipped below $1 over a 30-day period. While the move has no immediate impact on the company's listing, it underlines the financial …

[alain williams]

What are the consequences of being delisted ?

It does not make it bankrupt.

[Anonymous Coward]

Re: What are the consequences of being delisted ?

I guess they won't be able to get money from absolutely anyone. I'd like to know what happens to the stock someone already bought when they're delisted... money-go-poof?

I didn't know MariaDB was forward facing into the Megacorp sector. I thought it was, well, not that.

[Anonymous Coward]

Re: What are the consequences of being delisted ?

The stock still exists and the company can still issue new shares, etc. Owners of shares will have trouble selling, but it is still possible.

Honestly, companies that go public via SPAC instead of IPO should be a red flag to investors. Not that members of the gullible general public are those getting rich in most IPOs either...

[Blackjack]

Re: What are the consequences of being delisted ?

What? A Cayman Islands associate wasn't enough of a red flag already?

I wouldrecommend anyone using this companies product to migrate to a different company as soon as possible.

[Anonymous Coward]

Re: What are the consequences of being delisted ?

Hardly necessary since all the products are open source and there’s a foundation to make sure it stays that way.

[druck]

Re: What are the consequences of being delisted ?

They could do a reverse stock split to get the price back above $1. But that is only a temporary remedy, whatever the underlying pressure that has been driving the stock down is likely to continue, and probably accelerate.

[Anonymous Coward]

There are that many competing standards was this not obvious?