Aterian, Inc.

Aterian, Inc. has announced the dismissal of its independent registered public accounting firm, UHY LLP, effective October 2, 2026. The company has appointed Haskell & White LLP as its new independent auditor for the fiscal year ending December 31, 2026. UHY's previous reports highlighted substantial doubt about Aterian's ability to continue as a going concern. Additionally, Arturo Rodriguez's employment as CEO has terminated, and he has entered into a consulting agreement with the company.

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.

Aterian, Inc. has adjourned its Special Meeting of Stockholders from July 10, 2026, to July 17, 2026, urging stockholders to cast their votes on critical proposals. The company emphasized that without the approval of the Asset Sale proposal, there is a material risk that common stockholders will receive very little value, if any at all. The proposals include the sale of marquee brand portfolios to Trademark Global, LLC, anticipated to return $0.85 to $1.14 per share, and a $7 million strategic investment.

Aterian, Inc. adjourned its special meeting of stockholders on July 10, 2026, without conducting any business, due to insufficient votes to approve the Asset Sale Proposal. Although a quorum was present with 48.65% of shares voted, the company decided to reconvene the meeting on July 17, 2026, at 9:30 a.m. ET. This provides stockholders additional time to vote on the proposed sale of substantially all company assets to Trademark Global, LLC.

Aterian, Inc. announced that leading independent proxy advisory firms Glass Lewis and ISS have recommended stockholders vote "FOR" the key proposals at the upcoming Special Meeting on July 10, 2026. These proposals involve the pending sale of substantially all of the Company's marquee brand portfolios to Trademark Global, LLC, and the issuance of shares to David Lazar upon conversion of preferred stock. CEO Arturo Rodriguez urged stockholders to vote, citing the reports as a strong positive indication of value for stockholders.

Aterian, Inc. reminded stockholders of its upcoming Special Meeting on July 10, 2026, where the Board unanimously recommends voting "FOR" all proposals. These proposals include an $18 million asset sale of brand portfolios, expected to return an estimated $0.85 to $1.14 per share to stockholders, and a $7 million strategic capital investment. Other key proposals include a reverse stock split and an increase in authorized shares, all aimed at unlocking value and repositioning the company for growth.

Aterian, Inc. announced the sale of substantially all assets of its consumer products business to Trademark Global, LLC for $18 million, subject to adjustments. Concurrently, David E. Lazar agreed to purchase 3.5 million shares of preferred stock. In connection with these transactions, the company's board declared a contingent value rights (CVR) dividend for common stockholders and certain warrant holders as of July 8, 2026. The CVRs will distribute a portion of remaining cash and proceeds from the asset sale and investment, with payments expected by September 4, 2026, though exact timing and amounts are uncertain.

Aterian, Inc. announced it has mailed proxy materials for a Special Meeting of Stockholders on July 10, 2026, to approve a strategic reorganization. This plan includes the sale of its marquee e-commerce brands for $18.0 million and a concurrent $7.0 million strategic investment. The net proceeds from the asset sale, estimated between $10.6 million and $14.2 million, will be distributed to stockholders, including through Contingent Value Rights (CVRs). The strategic financing aims to enable the company to pursue new high-growth opportunities.

Aterian, Inc. announced it has regained compliance with Nasdaq's minimum bid price requirement for continued listing. The company previously received a notice in December 2025 for failing to maintain a $1.00 per share bid price. Nasdaq confirmed on May 19, 2026, that Aterian's common stock traded at or above $1.00 for 12 consecutive business days, from May 1 to May 18, 2026, thereby closing the matter.

Aterian, Inc. announced a significant restructuring, including an Asset Purchase Agreement to sell its marquee brands for $18 million in cash to Trademark Global, LLC. Concurrently, David E. Lazar will acquire $7.0 million in preferred stock, leading to him holding approximately 95.13% of the company's fully-diluted share capitalization. These transactions are critical to address the company's substantial doubt about its ability to continue as a going concern and are subject to stockholder approval and other conditions. The company also reported a net loss of $6.13 million for Q1 2026, an increase from $3.90 million in Q1 2025.