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Both Leading Independent Proxy Advisors Recommend Aterian Stockholders Vote for the Asset Sale
Glass Lewis cites structured strategic reviewISS 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 stockholde
About this update from Aterian, Inc.
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 vote FOR the Asset Sale, Glass Lewis highlighted the following factors including the Shareholder Premium, the Asset Sale's Strategic Process and 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: Stockholders who have questions about the proposals or need assistance casting their vote should contact: Laurel Hill Advisory GroupAttn: John J. DePinto Jr.Toll-Free: 888.742.1305