M&A - MARIN SOFTWARE INC
Form Type: 8-K
Filing Date: 2025-06-09
Corporate Action: Acquisition
Type: New
Accession Number: 000095017025083726
Filing Summary: Marin Software Incorporated has entered into a non-binding letter of intent with a private equity firm to explore a potential acquisition of substantially all of the Company's assets. The Board of Directors believes that this transaction may provide greater liquidating distributions to stockholders than the previously planned voluntary dissolution of the Company. The company issued a secured promissory note for $300,000 to finance legal expenses related to this potential acquisition. The Company still intends to seek stockholder approval for its dissolution at a Special Meeting scheduled for June 11, 2025, as there are no assurances that the acquisition will be finalized.
Additional details:
Item 1: non_binding_letter_of_intent
Item 2: promissory_note_amount
Value: 300000
Item 3: promissory_note_interest_rate
Value: 10%
Item 4: promissory_note_maturity_date
Value: 2025-08-05
Item 5: special_meeting_date
Value: 2025-06-11
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