Aterian announces exploration of strategic alternatives

Aterian (ATER) announced that the Company’s Board of Directors has authorized the initiation of a formal process to evaluate and explore strategic alternatives aimed at maximizing shareholder value. These strategic alternatives could include, among other things, a potential sale of assets of the Company, a sale of the Company, a business combination, a merger or other strategic action. There can be no assurances regarding any specific outcome or transaction resulting from this strategic review. The Company has not established a timetable for completion of the review and does not intend to provide additional updates unless and until it determines further disclosure is appropriate or required.