{"url_path":"/sec/ater/8-k/2026-07-20/item-2-01","section_key":"item-2-01","section_title":"Item 2.01 Completion of Acquisition or Disposition of Assets.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-20","source_url":"https://www.sec.gov/Archives/edgar/data/1757715/0001437749-26-023879-index.html","accession_number":"0001437749-26-023879","cik":"0001757715","ticker":"ATER","issuer_name":"Aterian, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1757715/0001437749-26-023879-index.html","primary_entity_key":"0001757715","primary_entity_name":"Aterian, Inc."},"word_count":417,"has_tables":true,"body_markdown":"**Item 2.01. Completion of Acquisition or Disposition of Assets.**\n\n \n\n*Completion of Asset Sale*\n\n \n\nOn July 17, 2026, the Company completed its previously announced sale of assets to Trademark Global, LLC (“***Trademark Global***”), pursuant to that certain Asset Purchase Agreement, dated as of April 27, 2026 (the “***Asset Purchase Agreement***”). Pursuant to the Asset Purchase Agreement, Trademark Global acquired certain specified assets and liabilities of the Company, including, among other things, assets associated with the Company’s marquee consumer brands: Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct for $18.0 million in cash, subject to certain purchase price adjustments (the “***Asset Sale***”).\n\n \n\n \n\nThe Company will continue to operate its smaller remaining legacy brands such as Vremi and Xtava.\n\n \n\n*Completion of Stock Sale*\n\n \n\nOn July 17, 2026, the Company also completed its previously announced sale of preferred stock to David E. Lazar (“***Lazar***”), pursuant to that certain Securities Purchase Agreement, dated as of April 27, 2026 (the “***Securities Purchase Agreement***”). Pursuant to the Securities Purchase Agreement, Lazar purchased from the Company (a) 1,750,000 shares of Series AA Convertible Non-Redeemable Preferred Stock, par value $0.0001 per share, of the Company (the “***Series AA Preferred Stock***” and such purchased shares, the “***Series AA Preferred Shares***”), the closing of which occurred on April 27, 2026 (the “***Initial SPA Closing***”), and (b) 1,750,000 shares of Series AAA Convertible Non-Redeemable Preferred Stock, par value $0.0001 per share, of the Company (the “***Series AAA Preferred Stock***” and together with the Series AA Preferred Stock, the “***Preferred Stock***” and such purchased shares, the “***Series AAA Preferred Shares***” and together with the Series AA Preferred Shares, the “***Purchased Shares***”), the closing of which occurred on July 17, 2026 (the “***Second SPA Closing***”), in each case at a purchase price of $2.00 per share of Preferred Stock for aggregate gross proceeds of $7.0 million, subject to the terms and conditions of the Securities Purchase Agreement (the “***Stock Sale***,” and together with the Asset Sale, the “***Aterian Transactions***”). As the Company received the requisite approvals at the Special Meeting (as defined below), each (i) Series AA Preferred Share may be converted into 7.7 shares of Common Stock, which number is based on a conversion price of $0.25974, as determined in accordance with the terms of the Securities Purchase Agreement, and (ii) Series AAA Preferred Share may be converted into 135.1 shares of Common Stock, which number is based on a conversion price of $0.0148, as determined in accordance with the terms of the Securities Purchase Agreement."}