8-K
filed April 29, 2026, 7:59 PM ET
ticker ATER
CIK 0001757715
M&A
confidence high
sentiment negative
materiality 0.90
Aterian sells marquee brands for $18M cash; Lazar to gain ~95% control via $7M preferred stock
Aterian, Inc.
- Asset sale: Trademark Global acquires Mueller Living, PurSteam, hOmeLabs, etc. for $18M cash.
- Stock sale: Lazar buys 1.75M Series AA and 1.75M Series AAA preferred shares for $7M aggregate.
- After second closing, Lazar will hold ~95.13% fully diluted; existing holders diluted to ~4.87%.
- Lazar appointed to board immediately; will become CEO after second closing.
- Directors and officers signed voting agreement to support all stock sale proposals at special meeting.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Arturo Rodriguez departed as Chief Executive Officer at Aterian, Inc..
- Action
- succeeded
- Role
- Chief Executive Officer
Exact text from the filing
Lazar will succeed Arturo Rodriguez
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David E. Lazar was appointed as Director at Aterian, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board increased the authorized number of directors to five and appointed Lazar to the Board to fill the vacancy created by such increase, effective immediately
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David E. Lazar was appointed as Chief Executive Officer at Aterian, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
the Board agreed to appoint Lazar as the sole Chief Executive Officer of the Company promptly following the Second SPA Closing
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Aterian, Inc.: Filed Certificate of Designation for Series AA Convertible Non-Redeemable Preferred Stock designating rights, preferences, and limitations (effective 2026-04-27).
- Change
- charter amendment
- Effective
- 2026-04-27
Exact text from the filing
On April 27, 2026, the Company filed a Certificate of Designation of Preferences and Rights of Series AA Convertible Non-Redeemable Preferred Stock of the Company with the Secretary of State of Delaware designating the rights, preferences and limitations of the shares of the Series AA Preferred Stock (the “Series AA Certificate of Designation”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Aterian, Inc. entered into Securities Purchase Agreement with David E. Lazar valued at $7.0 million (effective 2026-04-27).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- David E. Lazar
- Value
- $7.0 million
- Effective
- 2026-04-27
Exact text from the filing
On April 27, 2026, the Company and David E. Lazar (“Lazar”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”), pursuant to which Lazar agreed to purchase from the Company 1,750,000 shares of Series AA Convertible Non-Redeemable Preferred Stock, par value $0.0001 per share, of the Company (the “Series AA Preferred Stock” and such purchased shares, the “Series AA Preferred Shares”) and 1,750,000 shares of Series AAA Convertible Non-Redeemable Preferred Stock, par value $0.0001 per share, of the Company (the “Series AAA Preferred Stock,” and together with the Series AA Preferred Stock, the “Preferred Stock” and such purchased shares, the “Series AAA Preferred Shares” and together with the Series AA Preferred Shares, the “Purchased Shares”), in each case at a purchase price of $2.00 per share of Preferred Stock for aggregate gross proceeds of $7.0 million
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Aterian, Inc. entered into Asset Purchase Agreement with Trademark Global, LLC valued at $18 million in cash (effective 2026-04-27).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Trademark Global, LLC
- Value
- $18 million in cash
- Effective
- 2026-04-27
Exact text from the filing
On April 27, 2026, Aterian, Inc. (the “Company” or “Aterian”) and Trademark Global, LLC (“Trademark Global”) entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”), pursuant to which Trademark Global has agreed to acquire certain specified assets and liabilities of the Company, including, among other things, assets associated with the Company’s marquee brands: Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct for $18 million in cash, subject to certain purchase price adjustments (the “Asset Sale”).
View on SEC.gov
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