Aterian, Inc. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
01 April 2023 - 7:20AM
Aterian, Inc. (Nasdaq: ATER) (“Aterian”), today announced that it
has granted restricted stock awards with respect to 140,000 shares
of common stock to two new employees. These inducement awards were
granted pursuant to the Aterian 2022 Inducement Equity Incentive
Plan and granted as an inducement material to the employees’
employment with Aterian in accordance with Nasdaq Listing Rule
5635(c)(4). The awards will vest over three years, with 33.33% of
the total number of shares subject to the award vesting on the
one-year anniversary of the date of the recipient’s commencement of
employment with Aterian and the balance vesting in equal amounts on
a quarterly basis thereafter, subject in each case to the
recipient’s continued service to Aterian on each vesting date.
Aterian is providing this information in accordance with Nasdaq
Listing Rule 5635(c)(4).
About Aterian, Inc.
Aterian, Inc. (Nasdaq: ATER) is a leading
technology-enabled consumer product platform that builds, acquires,
and partners with best-in-class e-commerce brands by harnessing
proprietary software and an agile supply chain to create top
selling consumer products. The Company’s cloud-based platform,
Artificial Intelligence Marketplace Ecommerce Engine (AIMEE™),
leverages machine learning, natural language processing and data
analytics to streamline the management of products at scale across
the world's largest online marketplaces with a focus on Amazon,
Shopify and Walmart. Aterian has thousands of SKUs across its many
owned and operated brands and sells products in multiple
categories, including home and kitchen appliances, health and
wellness, beauty and consumer electronics.
Forward-Looking Statements
This press release includes forward-looking
statements, including statements regarding Aterian’s employees and
equity plans. These forward-looking statements are based upon
information that is currently available to Aterian, speak only as
of the date hereof, and are subject to numerous risks and
uncertainties, including risks associated with Aterian’s employees
and equity plans, and additional risks set forth in Aterian’s
filings with the Securities and Exchange Commission. Aterian
expressly disclaims any obligation, except as required by law, or
undertaking to update or revise any such forward-looking
statements.
Investor Contact:
Ilya Grozovsky Vice President, Investor
Relations & Corp. DevelopmentAterian,
Inc.ilya@aterian.io917-905-1699Aterian.io
Aterian (NASDAQ:ATER)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aterian (NASDAQ:ATER)
Historical Stock Chart
From Apr 2023 to Apr 2024