Aterian (NASDAQ: ATER) today announced that certain stockholders have voluntarily entered into lock-up agreements with the company with respect to an aggregate of 4,058,116 shares of common stock (“lock-up shares”), or 13.3% of the total issued and outstanding shares of common stock of the company as of March 31, 2021. Per the update, Aterian’s co-founder and CEO Yaniv Sarig agreed to lock up all of the shares that he controls through Jan. 1, 2022. Also included among the stockholders who agreed to lock up a portion of the shares that they control through Dec. 1, 2021, are the company’s co-founders, Asher Delug and Maximus Yaney (and certain of his affiliates), as well as certain sellers in Aterian’s recent asset acquisitions, 9830 Macarthur LLC and Healing Solutions LLC. “The lock-up agreements announced today reflect the continued confidence that I and other large Aterian stockholders have in the long-term prospects of the company,” Sarig said in the news release.
To view the full press release, visit https://ibn.fm/OXgR3
About Aterian Inc.
Aterian is a leading technology enabled consumer products platform that builds, acquires and partners with best-in-class e-commerce brands by harnessing proprietary software and an agile supply chain to create top-selling consumer products. The company’s cloud-based platform, Artificial Intelligence Marketplace Ecommerce Engine (“AIMEE(TM)”), leverages machine learning, natural language processing and data analytics to streamline the management of products at scale across the world’s largest online marketplaces, including Amazon, Shopify and Walmart. Aterian has thousands of SKUs across 14 owned and operated brands and sells products in multiple categories, including home and kitchen appliances, health and wellness, beauty, and consumer electronics. For more information about the company, visit www.Aterian.io.
NOTE TO INVESTORS: The latest news and updates relating to ATER are available in the company’s newsroom at https://ibn.fm/ATER
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