Micro Cap Up Big Following Acquisition Rumor

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, March 27, 2024

A micro cap that doesn’t get a whole lot of attention from mainstream media might just be a hidden gem, at least that’s what traders are thinking this morning following an announcement Progress Software is possibly considering an offer for the company.

Shares of MariaDB plc (NYSE:MRDB) rallied strongly following the announcement, with shares of the micro cap currently bid up at $0.3965/share (+75.44% implied open for sellers) at the time of writing. Keep an eye out for this one!

MariaDB is a new generation database company whose products are used by companies big and small, reaching more than a billion users through Linux distributions and have been downloaded over one billion times. Deployed in minutes and maintained with ease, leveraging cloud automation, MariaDB database products are engineered to support any workload, any cloud and any scale – all while saving up to 90% of proprietary database costs. Trusted by organizations such as Bandwidth, DigiCert, InfoArmor, Oppenheimer and Samsung, MariaDB’s software is the backbone of critical services that people rely on every day.

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