Aterian, Inc. Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
August 31 2022 - 4:30PM
Aterian, Inc. (Nasdaq: ATER) (“Aterian”), today announced that it
has granted a restricted stock award with respect to 60,000 shares
of common stock to a new employee. This inducement award was
granted pursuant to the Aterian 2022 Inducement Equity Incentive
Plan and granted as an inducement material to the employee’s
employment with Aterian in accordance with Nasdaq Listing Rule
5635(c)(4). The award 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 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 products 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. Aterian’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, including Amazon, Shopify
and Walmart. Aterian has thousands of SKUs across 14 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 Director of Investor Relations
& Corp. DevelopmentAterian, Inc.ilya@aterian.io917-905-1699
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