Aterian, Inc. Files 8-K on Security Holder Rights
Ticker: ATER · Form: 8-K · Filed: Mar 21, 2024 · CIK: 1757715
| Field | Detail |
|---|---|
| Company | Aterian, Inc. (ATER) |
| Form Type | 8-K |
| Filed Date | Mar 21, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, filing, amendment
Related Tickers: ATER
TL;DR
ATER filed an 8-K, watch for changes to shareholder rights and bylaws.
AI Summary
Aterian, Inc. filed an 8-K on March 21, 2024, reporting material modifications to the rights of its security holders and amendments to its articles of incorporation or bylaws. The filing also included financial statements and exhibits. The earliest event reported was on March 20, 2024.
Why It Matters
This filing indicates potential changes affecting Aterian's shareholders and may involve amendments to the company's foundational legal documents.
Risk Assessment
Risk Level: medium — Filings related to modifications of security holder rights and amendments to corporate bylaws can signal significant changes that may impact stock value.
Key Players & Entities
- Aterian, Inc. (company) — Registrant
- March 20, 2024 (date) — Earliest event reported
- March 21, 2024 (date) — Filing date
- Delaware (jurisdiction) — State of Incorporation
- 001-38937 (company_id) — Commission File Number
- 83-1739858 (tax_id) — IRS Employer Identification No.
- 350 Springfield Avenue Suite #200 (address) — Principal Executive Offices
- Summit, NJ 07901 (address) — Principal Executive Offices
- Mohawk Group Holdings, Inc. (company) — Former Company Name
- 20181031 (date) — Date of Former Company Name Change
FAQ
What specific material modifications were made to the rights of Aterian, Inc.'s security holders?
The filing indicates material modifications to the rights of security holders, but the specific details are not provided in this summary section of the 8-K.
What are the key amendments to Aterian, Inc.'s articles of incorporation or bylaws?
The filing states there were amendments to the articles of incorporation or bylaws, but the specific changes are not detailed in this overview.
What is the significance of the 'Financial Statements and Exhibits' item in this 8-K filing?
This item indicates that the filing includes financial statements and other exhibits, which may provide further details on the company's financial status and the matters discussed in the 8-K.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on March 20, 2024.
What was Aterian, Inc.'s former company name?
Aterian, Inc.'s former company name was Mohawk Group Holdings, Inc., with a name change date of October 31, 2018.
Filing Stats: 724 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-03-21 17:04:08
Key Financial Figures
- $0.0001 — on which registered Common Stock , $0.0001 par value per share ATER The Nasdaq
Filing Documents
- ater20240321_8k.htm (8-K) — 28KB
- ex_643063.htm (EX-3.1) — 7KB
- 0001437749-24-008878.txt ( ) — 174KB
- ater-20240320.xsd (EX-101.SCH) — 3KB
- ater-20240320_def.xml (EX-101.DEF) — 12KB
- ater-20240320_lab.xml (EX-101.LAB) — 16KB
- ater-20240320_pre.xml (EX-101.PRE) — 12KB
- ater20240321_8k_htm.xml (XML) — 3KB
03
Item 3.03 Material Modification to Rights of Security Holders. To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this Current Report on Form 8-K is incorporated herein by reference.
03
Item 5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year. Aterian, Inc. (the "Company") filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation of the Company with the Secretary of State of the State of Delaware (the "Certificate of Amendment") to affect a 1 - 12 reverse stock split (the "Reverse Stock Split") of the shares of the Company's common stock, par value $0.0001 per share (the "Common Stock") on March 20, 2024. The Certificate of Amendment will not decrease the number of authorized shares of Common Stock. No fractional shares will be issued in connection with the Reverse Stock Split. Any fractional shares that would otherwise have resulted from the Reverse Stock Split will be rounded up to the nearest whole number. The number of any outstanding awards, the exercise price per share of outstanding stock options and other terms of outstanding awards issued are automatically adjusted to reflect the effects of the Reverse Stock Split. The Reverse Stock Split impacts all holders of the Common Stock proportionally and does not impact any stockholder's percentage ownership of Common Stock (except to the extent the Reverse Stock Split results in any stockholder owning fractional shares). The Common Stock will begin trading on a Reverse Stock Split-adjusted basis on the Nasdaq Capital Market when the market opens on March 22, 2024. The trading symbol for the Common Stock will remain "ATER." The Common Stock was assigned a new CUSIP number (02156U200) following the Reverse Stock Split. The foregoing description of the Certificate of Amendment does not purport to be complete and is qualified in its entirety by reference to the Certificate of Amendment, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 3.1 Certificate of Amendment 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ATERIAN, INC. Dated: March 21, 2024 By: /s/ Joseph A Risico Name: Joseph A Risico Title: Co-Chief Executive Officer 2