ATERIAN, INC. Form 8-K Filing

This Form 8-K filing by Aterian, Inc. details several significant events that occurred on July 17, 2026. The company entered into a Contingent Value Rights Agreement with Broadridge Corporate Issuer Solutions, LLC, establishing rights for shareholders to receive potential future payments based on proceeds from asset sales, stock sales, and other specified sources. The agreement explicitly states that there is no guarantee of any payments. Additionally, Aterian, Inc. completed its previously announced asset sale to Trademark Global, LLC for $18.0 million, divesting brands such as Mueller Living and PurSteam, while retaining Vremi and Xtava. Concurrently, the company finalized a stock sale to David E. Lazar, who purchased preferred stock for $7.0 million, resulting in Lazar acquiring approximately 95.8% of the company's voting securities and a change in control. Following these transactions, David E. Lazar was appointed CEO, and Arturo Rodriguez and Joshua Feldman entered into transition and separation agreements. Two directors, Bari A. Harlam and Susan Lattmann, resigned, and two new directors, Avraham Ben-Tzi and David Natan, were appointed. The company also filed Certificates of Designation for Series AA and Series AAA Preferred Stock, outlining their rights and conversion terms. Stockholder approval was obtained for the asset sale, the issuance of common stock upon conversion of preferred stock, and a reverse stock split, among other proposals.