Without Approval of the Asset Sale Proposal There is a Material Risk That Common Stockholders Will Receive Very Little Value, If Any At All
Company Adjourns Special Meeting to July 17, 2026
SUMMIT, N.J., July 13, 2026 (GLOBE NEWSWIRE) -- Aterian, Inc. (NASDAQ: ATER) ("Aterian" or the "Company") today issued an urgent message to its stockholders announcing that it has adjourned its originally scheduled Special Meeting of Stockholders from July 10, 2026 to July 17, 2026 at 9:30 a.m. Eastern Time via live webcast at www.virtualshareholdermeeting.com/ATER2026SM (the "Special Meeting"). The upcoming Special Meeting represents the final chance for stockholders to cast their votes.
"We need stockholders to act today. Every vote counts and your vote is critical to approving these transactions. Without the approval of the Asset Sale proposal, the risk to holders of Aterian common stock of receiving very little value, if any at all, is very high. If you have not yet voted, please do so today," stated Arturo Rodriguez, Chief Executive Officer of Aterian.
The key proposals to be approved at the Special Meeting 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 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").
The Asset Sale and the Investment Transaction together represent a clear, actionable path to delivering real value back to stockholders: an $18 million sale of our marquee brand portfolio anticipated to return between $0.85 and $1.14 per share to stockholders, plus a $7 million strategic investment that positions the Company for the next chapter of growth. Both leading independent proxy advisors, Glass, Lewis & Co. and Institutional Shareholder Services Inc., have issued reports recommending that Aterian stockholders vote for the Asset Sale. Without approval of the Asset Sale proposal, there is a material risk that holders of the Company's common stock will receive very little value, if any at all.
HOW TO VOTE
Stockholders are urged to vote by July 16, 2026 6:00pm EST deadline using any of the following methods:
By Phone: Call Laurel Hill Advisory Group toll-free at 888.742.1305 to cast your vote verbally at no cost to you. Telephone polls close at 6:00 PM EST on Thursday, July 16th.
Online: Visit www.proxyvote.com or follow the instructions provided to you on your proxy card to vote via the internet. Online voting can process through July 16, 2026 until 11:59pm EST with the control number that was included with your proxy materials.
Need your control number? If you have misplaced your proxy card or cannot locate your control number, please contact your broker directly for assistance.