Aterian, Inc. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
June 02 2022 - 3:15PM
Aterian, Inc. (Nasdaq: ATER) (“Aterian”), today announced that it
has granted a restricted stock award with respect to 500,000 shares
of common stock to Anton von Rueden, Aterian’s newly appointed
Chief Operating Officer. This inducement award was granted pursuant
to the Aterian 2022 Inducement Equity Incentive Plan, approved by
the compensation committee of Aterian’s board of directors on May
27, 2022 (the “2022 Inducement Plan”), and granted as an inducement
material to Mr. von Rueden’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 vesting on April
18, 2023, and the balance vesting in equal amounts on a quarterly
basis thereafter, subject in each case to Mr. von Rueden’s
continued service to Aterian on each vesting date.
Aterian today also
announced that it has granted restricted stock awards to two
additional employees. These inducement awards were granted pursuant
to the 2022 Inducement Plan and granted as an inducement material
to each employee’s employment with Aterian in accordance with
Nasdaq Listing Rule 5635(c)(4). Aterian granted a total of 150,000
shares of restricted common stock to these employees. Each award
will vest over three years, with 33.33% of the total number of
shares of each award vesting on the one-year anniversary of the
date of each recipient’s commencement of employment with Aterian,
the balance vesting in equal amounts on a quarterly basis
thereafter, subject in each case to each 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
Vice President of Investor Relations & Corp. Development
Aterian, Inc.
ilya@aterian.io
917-905-1699
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