Aterian, Inc. Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
31 Julio 2023 - 3:20PM
Aterian, Inc. (Nasdaq: ATER) (“Aterian”), today announced that it
has granted a restricted stock award with respect to 70,000 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 in each case 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
product company that builds, acquires, and partners with leading
e-commerce brands by harnessing proprietary software and an agile
supply chain to create top selling consumer products. The Company’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
with a focus on Amazon, Shopify and Walmart. Aterian owns and
operates a number of brands and sells its 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 Vice President, Investor
Relations & Corp. DevelopmentAterian,
Inc.ilya@aterian.io917-905-1699Aterian.io
Aterian (NASDAQ:ATER)
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