Aterian shareholders approve asset sale at special meeting
Aterian Inc
Aterian Inc ATER | 0.00 |
- At a special shareholder meeting held July 17, 2026, Aterian secured approval for the sale of substantially all assets to Trademark Global.
- Shareholders also backed the issuance of common stock upon conversion of the Series AA and Series AAA preferred stock, including related-party conversion issuance.
- An amendment to authorize a reverse stock split within a 1-for-2 to 1-for-99 range was adopted; execution ratio remains at board discretion.
- Another charter amendment to increase authorized common shares to up to 1,000,000,000 was adopted; implementation remains subject to board action.
- Shareholders authorized adjournment if needed to solicit additional votes; the meeting did not require adjournment.
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