Aterian initiates strategic review to explore potential sale or merger

Aterian, Inc.

Board authorized formal process to evaluate strategic alternatives including sale, merger, or business combination.
Company has engaged A.G.P./Alliance Global Partners as financial advisor for the review.
CEO Arturo Rodriguez stated current market valuation does not reflect sum-of-the-parts value of brand portfolio.
No timetable has been set for completion; no assurances of any specific outcome or transaction.
Company launched new higher-margin consumable products but notes business and category challenges remain.

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