Aterian, Inc. announced the initiation of a formal process to evaluate and explore strategic alternatives.
The options include a potential sale of assets, a sale of the company, or a merger.
The company aims to maximize shareholder value through this strategic review.
Strategic Alternatives Initiation
The Board of Directors authorized a review to explore options for increasing shareholder value.
Market Valuation Concerns
Current market valuation does not reflect the company's brand portfolio value according to CEO Arturo Rodriguez.
Engagement of Advisors
A.G.P / Alliance Global Partners and Paul Hastings LLP are assisting in the strategic review process.
- The strategic review aims to address market valuation disparities.
- Business and category challenges are factors influencing this exploration.
- The company remains focused on customer service amidst the review process.
Aterian's decision to explore strategic alternatives demonstrates its commitment to enhancing shareholder value. The engagement of reputable advisors highlights the seriousness of this process.