Aterian Raises $27.5M Via Equity Offering

• Aterian Inc (NASDAQ: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.