MongoDB Inc.
MongoDB, Inc. Redeems Convertible Senior Notes and Converts to Common Stock
Summary
On December 16, 2024, MongoDB, Inc. completed the redemption of all outstanding 0.25% Convertible Senior Notes due 2026, totaling $349,000 in aggregate principal. Approximately $1,150 million in Notes were converted into 5,662,979 shares of MongoDB's Common Stock, par value $0.001 per share, together with cash in lieu of any fractional shares. This transaction was exempt from registration under the Securities Act of 1933. The redemption price for the Notes was approximately $349,366, including accrued and unpaid interest.
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About MongoDB Inc.
MongoDB Inc. is a leading provider of modern database platforms designed for broad applicability across a variety of use cases. The company is renowned for its flagship product, MongoDB, a NoSQL database program that is open-source and offers a flexible data model, scalability, and developer focused performance. MongoDB’s architecture supports both small to enterprise-scale applications, accommodating a wide range of deployment options from cloud to on-premises environments. MongoDB Atlas, the fully-managed global cloud database service offered by the company, simplifies database operation and automates time-consuming administration tasks such as hardware provisioning and backup. This product suite is integral across various industries including finance, healthcare, and telecommunications, facilitating seamless integration of complex data processing. MongoDB Inc., headquartered in New York City, plays a crucial role in helping organizations transition to agile database management systems, emphasizing speed and flexibility for application developers across the globe.
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