$ATERJun 26, 2026, 8:39 PMsec current report
Aterian declares CVR dividend; investor to buy 3.5M convertible preferred
Aterian, Inc. filed SEC Form 8-K. Aterian's board declared a contingent value right (CVR) dividend to holders of common stock and participating warrants of record as of July 8, 2026, with payment to be made within 60 days after the record date and no later than September 4, 2026, contingent on closing of the asset sale and securities purchase. Separately, David E. Lazar agreed to purchase 1,750,000 shares of Series AA and 1,750,000 shares of Series AAA convertible preferred (3.5M total) from the company — these are preferred shares (company-issued) that could create future common share dilution if converted, but conversion terms and timing were not disclosed. The filing estimates net proceeds available to distribute via the CVR from the transactions of roughly $10.6M–$14.2M (approximately $0.85–$1.14 per common share), though amounts are subject to adjustments, reserves and closing conditions.
