Aterian Completes $18M Asset Sale, Issues CVRs, Sells Preferred Stock

Aterian, Inc. completed the sale of assets, including several key consumer brands, to Trademark Global, LLC for $18.0 million in cash. Concurrently, the company completed the sale of 1,750,000 shares of Series AAA Preferred Stock to David E. Lazar for $2.00 per share, following an earlier sale of Series AA Preferred Stock. In connection with these transactions, Aterian declared a dividend of Contingent Value Rights (CVRs) to shareholders, representing a contractual right to receive payments from future proceeds, and repaid all outstanding debt under its existing credit agreement.