09:14 AM EDT, 06/20/2025 (MT Newswires) -- Couchbase ( BASE ) said Friday it has entered into a definitive agreement under which it will be acquired by Haveli Investments in an all-cash deal valued at about $1.5 billion.

Under the deal terms, Couchbase ( BASE ) said its stockholders will receive $24.50 per share in cash. Once the transaction closes, which is expected in H2, Couchbase ( BASE ) said it will become a privately held company.

Shares of Couchbase ( BASE ) were up more than 30% in recent premarket activity Friday.