Aterian Raises $27.5M Via Equity Offering

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.

Momentum8.93

Growth38.22

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