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Aterian : Both Leading Independent Proxy Advisors Recommend Aterian Stockholders Vote for the Asset Sale
Aterian : Both Leading Independent Proxy Advisors Recommend Aterian Stockholders Vote for the Asset
About this update from Aterian, Inc.
PDF VersionGlass Lewis cites structured strategic review ISS cites sound transaction rationale, a competitive sale process, and potential downside risks of non-approval in endorsing the proposal. SUMMIT, N.J., July 08, 2026 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ: ATER) ("Aterian" or the "Company") today announced that both leading independent proxy advisory firms Glass, Lewis & Co. ("Glass Lewis") and Institutional Shareholder Services Inc. ("ISS") have issued reports recommending that Aterian stockholders vote "FOR" the key proposals at the upcoming Special Meeting of Stockholders scheduled for July 10, 2026. The key proposals relate to the pending sale of substantially all of the assets of the Company's marquee brand portfolios to Trademark Global, LLC (the "Asset Sale") and the issuance of shares of the Company's common stock, par value $0.0001 per share, to David Lazar upon conversion of the Company's Series AA Convertible Non-Redeemable Preferred Stock and Series AAA Convertible Non-Redeemable Preferred Stock (the "Investment Transaction"). "We need stockholders to act today. Every vote counts and your vote is critical to approving these transactions. ISS's and Glass Lewis' reports are another strong positive indication of the value being delivered back to stockholders. If you have not yet voted, please do so today," stated Arturo Rodriguez, Chief Executive Officer of Aterian. In recommending that stockholders voteFOR the Asset Sale, Glass Lewis highlighted the following factors including theShareholder Premium, the Asset Sale'sStrategic Processand Strategic Alternatives available through the Investment Transaction. In recommending that stockholders vote FOR the Asset Sale, ISS highlighted the following core factors around the Asset Sale including Sound Rationale & Competitive Process, Liquidity and Stockholder Premium, and Downside Risk of Non-Approval. HOW TO VOTE Stockholders are encouraged to vote immediately using any of the following methods: By Phone: Call Laurel Hill Advisory Group toll-free at 888.742.1305 to cast your vote verbally. No cost to you. Online:www.proxyvote.com or the instructions provided to you on your proxy card to vote via the internet. Need your control number? If you have misplaced your proxy card or cannot locate your control number, please contact your broker directly for assistance. Stockholders who have ques...