MRIN Stock: Why It Is Significantly Higher Today

By Amit Chowdhry ● Sep 22, 2021
  • The stock price of Marin Software Inc (NASDAQ: MRIN) is trading at over 50% during intraday trading. This is why it happened.

The stock price of Marin Software Inc (NASDAQ: MRIN) is trading at over 50% during intraday trading. Investors are responding positively to what was revealed in a Form 8-K.

On September 17, 2021, Marin Software entered into a Revenue Share Agreement with Google for the Marin to develop its enterprise tech platform and software products. And the Agreement is effective as of October 1, 2021.

The agreement will take effect after the scheduled termination on September 30, 2021, of the existing Revenue Share Agreement that Marin and Google signed in December 2018. Marin will receive revenue payments from Google based on (a) revenue generated on Marin’s tech platform in connection with the Marin’s clients’ spend on Search Ads (as defined in the Agreement) appearing on Google Search only, during a relevant calendar quarter (Eligible Google Search Revenue), and (b) revenue generated on Company’s tech platform in connection with its clients’ spend on Search Ads appearing on the Eligible Search Engines.

In the case of Eligible Google Search Revenue, following Alphabet’s public confirmation of its earnings for each calendar quarter, Google will provide the Marin with the Eligible Google Search Revenue for the applicable calendar quarter and at the end of the calendar year and make a revenue payment to the Marin. In the case of Eligible Non-Google Search Revenue, at the end of each annual anniversary of the Effective Date, Marin will submit a report containing its Eligible Non-Google Search Revenue to an independent third-party auditor.

This is not the first time that Marin Software’s stock price significantly increased. Back in late June, MRIN became known as a “meme stock” as many investors who are active on social media platforms like Reddit, Discord, Twitter, StockTwits, etc. drove up the stock price more than 1,300% between late June and early July. The catalyst of that stock price surge was Marin announcing an ad integration partnership with Instacart.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.