Aterian Moves Lower Pre-Market With $18 Million Ballot Ahead
Aterian Inc. shares slipped before the bell Thursday. Investors continue to weigh a planned asset sale and new financing that could change the shape of the consumer-products group. The stock traded at $1.15, off 2.5% ahead of Nasdaq’s 9:30 a.m. ET open. Aterian is in the spotlight now not because of a product launch or earnings. The focus is on the small-cap company’s push to win shareholder support for a deal that could transfer its main brands and change control. Market data puts Aterian’s valuation at around $12.8 million.