Aterian Raises $27.5M Via Equity Offering

by Shivani Kumaresan, Benzinga Staff Writer
March 2, 2022 8:36 AM | 1 min read |
  • Aterian Inc ATER has priced its private placement offering of about 9.5 million shares and accompanying warrants to purchase up to 7.08 million shares.
  • Each share of common stock and the accompanying warrant will be sold at a combined purchase price of $2.91.
  • The company expects to receive gross proceeds from the offering of about $27.5 million.
  • Aterian intends to use the net proceeds for working capital purposes, the conduct of its business, and other general corporate purposes.
  • The offering is expected to close on or about March 4, 2022.
  • Price Action: ATER shares are trading lower by 0.34% at $2.90 in premarket on the last check Wednesday.
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