# EDGAR Filing Document

**Accession Number:** 0001389002
**File Stem:** 0000950170-25-083764
**Filing Date:** 2025-6
**Character Count:** 20834
**Document Hash:** 935a21f954297ff8027cea42757126df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-083764.hdr.sgml**: 20250609

**ACCESSION NUMBER**: 0000950170-25-083764

**CONFORMED SUBMISSION TYPE**: DEFA14A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250609

**DATE AS OF CHANGE**: 20250609

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MARIN SOFTWARE INC
- **CENTRAL INDEX KEY:** 0001389002
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 204647180
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** DEFA14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35838
- **FILM NUMBER:** 251034373

**BUSINESS ADDRESS:**
- **STREET 1:** 123 MISSION ST
- **STREET 2:** 25TH FLOOR
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 415-399-2580

**MAIL ADDRESS:**
- **STREET 1:** 123 MISSION ST
- **STREET 2:** 25TH FLOOR
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 14A INFORMATION**

**Proxy Statement Pursuant to Section 14(a) of the**

**Securities Exchange Act of 1934**

**(Amendment No. 1)**

Filed by the Registrant ☒ Filed by a Party other than the Registrant ☐

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| | |
|:---|:---|
| Check the appropriate box: | Check the appropriate box: |
| ☐ | Preliminary Proxy Statement |
| ☐ | **Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))** |
| ☐ | Definitive Proxy Statement |
| ☒ | Definitive Additional Materials |
| ☐ | Soliciting Material under Rule 14a-12 |
| **Marin Software Incorporated** | **Marin Software Incorporated** |
| *(Name of registrant as specified in its charter)* | *(Name of registrant as specified in its charter)* |
| *(Name of person(s) filing proxy statement, if other than the registrant):* N/A | *(Name of person(s) filing proxy statement, if other than the registrant):* N/A |
| Payment of Filing Fee (Check the appropriate box): | Payment of Filing Fee (Check the appropriate box): |
| ☒ | No fee required. |
| ☐ | Fee paid previously with preliminary materials. |
| ☐ | Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. |

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On May 7, 2025, Marin Software Incorporated (the "Company") filed a Definitive Proxy Statement on Schedule 14A (the "Proxy Statement") with the Securities and Exchange Commission (the "SEC"), to seek stockholder approval of a proposal to approve the voluntary dissolution and liquidation (the "Dissolution") of the Company pursuant to a Plan of Dissolution (such plan, the "Plan of Dissolution", and such proposal, the "Dissolution Proposal"), but subject to the Company's ability to abandon or delay the Plan of Dissolution in accordance with the terms thereof as disclosed in the Proxy Statement, as well as the other proposal described therein. The special meeting of stockholders will be held on June 11, 2025 (the "Special Meeting"), as more fully described in the Proxy Statement.

On June 9, 2025, the Company filed a Current Report on Form 8-K (the "Form 8-K") regarding the Company's entry into a non-binding letter of intent for a potential transaction involving a sale of substantially all the assets of the Company, which may be through a voluntary reorganization transaction, as well as the Company's entry into a secured promissory note. A copy of the Form 8-K is being filed herewith and is incorporated by reference.

Nevertheless, the Board of Directors of the Company (the "Board") continues to recommend that the Company's stockholders vote "For" the Dissolution Proposal as more fully discussed in the Proxy Statement. As described in the Form 8-K, the Potential Transaction (as defined in the Form 8-K) is inherently uncertain and there are no assurances that the Company will be able to enter into or consummate the Potential Transaction. Obtaining stockholder approval for the Dissolution will allow the Company to promptly move forward with Dissolution in the event that the Company cannot enter into the Potential Transaction or consummate the Potential Transaction or the Company otherwise determines to cease to pursue the Potential Transaction, and will avoid costs associated with obtaining a new stockholder vote for a voluntary dissolution.

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If a stockholder has already submitted their proxy, they have the power to change their vote at any time before it is voted. Registered holders may revoke a proxy by (1) signing and returning a proxy card with a later date, (2) delivering a written notice of revocation to Broadridge, 51 Mercedes Way, Edgewood, New York 11717, (3) voting again by telephone or over the Internet or (4) attending and voting at the Special Meeting (following the instructions at www.virtualshareholdermeeting.com/MRIN2025SM). The mere presence at the Special Meeting of a stockholder who has previously appointed a proxy will not revoke the appointment. Please note, however, that if a stockholder's shares of the Company's common stock are held of record by a broker, bank, trustee or other nominee and that stockholder wishes to revoke a proxy, the stockholder must contact that firm to revoke any prior voting instructions. In the event of multiple online or telephone votes by a stockholder, each vote will supersede the previous vote and the last vote cast will be deemed to be the final vote of the stockholder unless such vote is revoked at the Special Meeting. Additional information can be found in the Proxy Statement.

**Cautionary Language Concerning Forward-Looking Statements.**

This document and the Form 8-K contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 with respect to the Potential Transaction, the Dissolution and other related matters. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These forward-looking statements are based upon the Company's and its management's current expectations, assumptions, estimates, projections and beliefs. Such statements include, but are not limited to, statements regarding the Potential Transaction, the Dissolution, and management's beliefs regarding the benefits of pursuing the Potential Transaction of, in lieu thereof, the Dissolution. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or achievements to be materially different and adverse from those expressed in, or implied by, these forward-looking statements. Other risks relating to the Company's business, including risks that could cause results to differ materially from those projected in the forward-looking statements in this document and the Form 8-K, are detailed in the Proxy Statement (under the heading "Risk Factors to be Considered by Stockholders in Deciding Whether to Approve the Plan of Dissolution"), the Company's latest Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and/or Current Reports on Form 8-K filings with the SEC, especially under the heading "Risk Factors." The forward-looking statements in this document and the Form 8-K speak only as of this date, and the Company disclaims any intent or obligation to revise or update publicly any forward-looking statement except as required by law.

**Additional Information and Where to Find It**

On May 7, 2025, the Company filed a Definitive Proxy Statement on Schedule 14A with the SEC with respect to the Special Meeting to be held in connection with the Dissolution, and began mailing the Proxy Statement and a proxy card to each stockholder entitled to vote at the Special Meeting to consider the Dissolution. STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS, INCLUDING IN CONNECTION WITH THE DISSOLUTION, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE DISSOLUTION. Stockholders may obtain, free of charge, the Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by the Company with the SEC in connection with the Dissolution at the SEC's website (http://www.sec.gov) or at the Company's investor relations website (https://investor.marinsoftware.com/Investor-home/default.aspx) or by writing to Marin Software Incorporated, Investor Relations, ir@marinsoftware.com. Our website address is provided as an inactive textual reference only. The information provided on, or accessible through, our website is not part of this Form 8-K, and, therefore, is not incorporated herein by reference.

**Participants in the Solicitation**

The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company's stockholders in connection with the proposed Dissolution. A list of the names of the directors and executive officers of the Company and information regarding their interests in the Dissolution, including their respective ownership of the Company's securities, are contained in the Proxy Statement.

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, DC 20549**

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**FORM 8-K**

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**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): June 6, 2025**

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**Marin Software Incorporated**

**(Exact name of Registrant as Specified in Its Charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **001-35838** | **20-4647180** |
| (State or Other Jurisdiction<br>of Incorporation) | (Commission File Number) | (IRS Employer<br>Identification No.) |
| **149 New Montgomery Street, 4th Floor**<br>**San Francisco, California** |  | **94105** |
| (Address of Principal Executive Offices) |  | (Zip Code) |

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**(415) 399-2580**

Registrant's Telephone Number, Including Area Code

**N/A**

(Former Name or Former Address, if Changed Since Last Report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common stock, par value $0.001 per share | MRIN | The Nasdaq Capital Market  |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 1.01 Entry into a Material Definitive Agreement.**

The information reported in Item 8.01 related to the Promissory Note (as defined below) is incorporated by reference herein.

**Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.**

The information reported in Item 8.01 related to the Promissory Note is incorporated by reference herein.

**Item 8.01 Other Events.**

*Entry into Non-Binding Letter of Intent*

Marin Software Incorporated (the "Company") has entered into a non-binding letter of intent (the "LOI") with a private equity firm (the "Counterparty") to explore a potential transaction whereby the Counterparty would acquire substantially all of the assets of the Company, which may be through a voluntary reorganization transaction (the "Potential Transaction"). The Company's Board of Directors (the "Board") believes that the Potential Transaction, if consummated on the terms set forth in the LOI, will result in greater liquidating distributions to the Company's stockholders than the currently contemplated voluntary dissolution of the Company (the "Dissolution"), as described in the Company's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission (the "SEC") on May 7, 2025 (the "Proxy Statement") for a Special Meeting of Stockholders to occur on June 11, 2025 (the "Special Meeting").

*Entry into Secured Promissory Note*

On June 6, 2025, the Company issued a demand secured promissory note to an affiliate of the Counterparty (the "Promissory Note"), in the principal amount of $300,000, with the Company receiving gross proceeds of $300,000, to be used for the Company's legal and other expenses to pursue the Potential Transaction as contemplated by the LOI.

The Promissory Note is secured by the Company's intellectual property, bears interest at a rate of 10% per annum, and has a maturity date of August 5, 2025 (the "Maturity Date"). The outstanding principal amount and any unpaid accrued interest may be prepaid at any time, upon two business days' notice, without premium or penalty. The Promissory Note includes customary representations, warranties, and covenants and sets forth certain events of default after which the outstanding principal may be declared immediately due and payable in advance of the Maturity Date and an additional default interest rate of 3% per annum will accrue on the then-outstanding balance.

The Promissory Note shall be forgiven and the Company shall have no obligation to repay the Promissory Note in the event that (A) (i) the Company does not initiate certain steps related to the Proposed Transaction by June 30, 2025, provided that the Company uses commercially reasonable best efforts with respect thereto, or (ii) the Proposed Transaction is terminated by the Company and the Counterparty or by either of them, other than if the termination of the Proposed Transaction is (x) by the Counterparty (1) due to a material breach of the LOI or a definitive agreement for the Potential Transaction by the Company or (b) the Company's exercise of certain rights not to proceed with the Potential Transaction or (y) by the Company absent a material breach by the Counterparty of the LOI or a definitive agreement for the Potential Transaction; (B) the Counterparty elects not to proceed with the Proposed Transaction as a result of the Company's failure to achieve certain milestones; or (C) the Company and the Counterparty not reaching an agreement with respect to definitive agreements for the Potential Transaction following good faith negotiations.

*Request to Vote in Favor of Dissolution*

As there are no assurances that the Potential Transaction will be entered into and consummated on the terms contemplated by the LOI or at all, the Company and the Board still will seek approval of the Dissolution by the Company's stockholders on June 11, 2025 at the Special Meeting, as described in the Proxy Statement, and as previously reported in the Company's Current Report on Form 8-K filed with the SEC on April 10, 2025. Given the inherent uncertainty associated with the Potential Transaction, the Board continues to believe that it is in the best interests of the Company and its stockholders to proceed with the stockholder vote on the Plan of Dissolution at the Special Meeting and as more fully discussed in the Proxy Statement. Accordingly, the Board further continues to recommend that the Company's stockholders vote "For" the Dissolution Proposal as more fully discussed in the Proxy Statement. Obtaining stockholder approval for the Dissolution will allow the Company to promptly move forward with Dissolution in the event that the Company cannot enter into the Potential Transaction or consummate the Potential Transaction or the Company otherwise determines to cease to pursue the Potential Transaction, and will avoid costs associated with obtaining a new stockholder vote for a voluntary dissolution.

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**Cautionary Language Concerning Forward-Looking Statements**.

This Current Report on Form 8-K contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 with respect to the Potential Transaction, the Dissolution and other related matters. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These forward-looking statements are based upon the Company's and its management's current expectations, assumptions, estimates, projections and beliefs. Such statements include, but are not limited to, statements regarding the Potential Transaction, the Dissolution, and management's beliefs regarding the benefits of pursuing the Potential Transaction or, in lieu thereof, the Dissolution. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or achievements to be materially different and adverse from those expressed in, or implied by, these forward-looking statements. Other risks relating to the Company's business, including risks that could cause results to differ materially from those projected in the forward-looking statements in this Current Report, are detailed in the Proxy Statement (under the heading "Risk Factors to be Considered by Stockholders in Deciding Whether to Approve the Plan of Dissolution"), the Company's latest Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and/or Current Reports on Form 8-K filings with the SEC, especially under the heading "Risk Factors." The forward-looking statements in this Current Report speak only as of this date, and the Company disclaims any intent or obligation to revise or update publicly any forward-looking statement except as required by law.

**Additional Information and Where to Find It**

On May 7, 2025, the Company filed a Definitive Proxy Statement on Schedule 14A with the SEC with respect to the Special Meeting to be held in connection with the Dissolution, and began mailing the Proxy Statement and a proxy card to each stockholder entitled to vote at the Special Meeting to consider the Dissolution. STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS, INCLUDING IN CONNECTION WITH THE DISSOLUTION, BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE DISSOLUTION. Stockholders may obtain, free of charge, the Proxy Statement, any amendments or supplements thereto, and any other relevant documents filed by the Company with the SEC in connection with the Dissolution at the SEC's website (http://www.sec.gov) or at the Company's investor relations website (https://investor.marinsoftware.com/Investor-home/default.aspx) or by writing to Marin Software Incorporated, Investor Relations, ir@marinsoftware.com. Our website address is provided as an inactive textual reference only. The information provided on, or accessible through, our website is not part of this Current Report on Form 8-K, and, therefore, is not incorporated herein by reference.

**Participants in the Solicitation**

The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company's stockholders in connection with the proposed Dissolution. A list of the names of the directors and executive officers of the Company and information regarding their interests in the Dissolution, including their respective ownership of the Company's securities, are contained in the Proxy Statement.

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | Marin Software Incorporated | Marin Software Incorporated |
| &nbsp;&nbsp;Date: June 9, 2025 | By: | /s/ Robert Bertz |
|  |  | **Robert Bertz** |
|  |  | **Chief Financial Officer** |

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