Aterian shares surge 11.93% intraday after announcing strategic review to explore sales/mergers to boost shareholder value.

Aterian surged 11.93% intraday after announcing its board authorized a strategic review to explore options such as asset sales, mergers, or business combinations to maximize shareholder value. The company emphasized its portfolio of well-regarded consumer brands and global e-commerce presence but noted its current valuation fails to reflect the "sum-of-the-parts" value of its assets. While no specific timeline or guarantees were provided, the proactive move signaled potential for restructuring or acquisition, which investors interpreted as a catalyst for unlocking undervalued equity. The engagement of A.G.P. and Paul Hastings as advisors further underscored the seriousness of the process, reinforcing market optimism.