Aterian, Inc. Announces Definitive Agreement for the Sale of its Marquee Brand Portfolio for $18 Million Subject to Adjustments
Aterian, Inc. announced a definitive agreement to sell its marquee e-commerce brand portfolio to Trademark Global for $18 million, subject to adjustments, and a separate $7 million strategic investment via convertible preferred stock by David Lazar, who will become CEO after closing. The sale requires stockholder approval and is expected to close i…