BARK files DGCL Section 205 petition to validate 2021 share increase

Bark, Inc.

Filed petition in Delaware Court of Chancery to validate amendment raising authorized common stock from 150M to 500M shares.
Uncertainty stems from recent ruling on whether separate Class A vote was required; company maintains it was not.
If petition fails, BARK warns of material adverse effect on capitalization and financing ability.
Amendment was approved by majority of Class A and Class B combined stock in May 2021 special meeting.

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