Couchbase shareholders approve acquisition by Haveli Investments in a $1.5 billion all-cash transaction.
Shareholders to receive $24.50 per share of Couchbase common stock.
Couchbase will become a privately held company post-acquisition.
Acquisition Approval
Shareholders voted to approve the acquisition by Haveli Investments.
Transaction Value
The all-cash transaction is valued at $1.5 billion, offering $24.50 per share.
Privatization
Couchbase will transition to a privately held company.
Delisting
Couchbase's common stock to be delisted from Nasdaq post-acquisition.
Regulatory Approval
Transaction completion pending regulatory approvals and closing conditions.
- Couchbase will lead with Capella, offering a developer data platform for critical applications in the AI industry.
- Haveli Investments will provide operational and strategic support to drive growth and innovation at Couchbase.
With shareholder approval, Couchbase's acquisition by Haveli Investments marks a significant milestone. The move towards privatization opens new opportunities for growth and innovation in the AI sector.