David E. Lazar Acquires Preferred Stock in Aterian, Inc.

David E. Lazar, a director at Aterian, Inc., has acquired 1,750,000 shares of Series AA Convertible Non-Redeemable Preferred Stock for $3,500,000. An additional 1,750,000 shares of Series AAA Convertible Non-Redeemable Preferred Stock will be acquired for another $3,500,000, subject to stockholder approval. The preferred stock is convertible into common stock only after stockholder approval, which would allow for conversion into 7.7 shares of common stock for Series AA and between 117.63 and 135.10 shares for Series AAA. The preferred stock has no expiration date. This transaction is contingent on various approvals, including Nasdaq compliance and potential board changes.