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Aterian Raises $20M Via Equity Offering

Aterian Inc (NASDAQ:ATER) has priced a direct offering of 10.5 million shares and accompanying warrants at $1.90. The accompanying warrants are…
byShivani Kumaresan
September 30, 2022
1 minute read
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  • Aterian Inc (NASDAQ:ATER) has priced a direct offering of 10.5 million shares and accompanying warrants at $1.90.
  • The accompanying warrants are exercisable six months from closing for a period of 5 years at an exercise price of $2.00 per share.
  • The offering is being led by existing shareholder Armistice Capital Master Fund Ltd.
  • In addition, the company’s CEO Yaniv Sarig, CFO Arturo Rodriguez, Chief Legal Officer Joe Risico, and CTO Roi Zahut are purchasing an aggregate of 0.1 million shares and accompanying warrants at a combined offering price of $2.10.
  • The company expects the offering gross proceeds to be approximately $20.2 million, which it intends to use for working capital purposes, the conduct of its business, and other general corporate purposes.
  • Price Action: ATER shares are trading lower by 31.22% at $1.35 on the last check Friday.
 
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