Aterian shares surge 13.86% after-hours as company initiates strategic review exploring asset sales, mergers to boost shareholder value.

Aterian (ATER) surged 13.86% in after-hours trading following its announcement that the board has authorized a strategic review to explore alternatives including asset sales, mergers, or a full company sale. The move, aimed at addressing a perceived undervaluation of its brand portfolio despite strong market presence across e-commerce platforms, was cited by CEO Arturo Rodriguez as necessary to maximize shareholder value. The company engaged A.G.P. and Paul Hastings LLP as advisors, underscoring a structured approach to evaluating transactions. Investors interpreted the strategic review as a signal of potential value realization through restructuring or acquisition, aligning with the stock’s sharp post-announcement rally. The lack of immediate transaction details or timelines did not dampen optimism, as the announcement itself framed a proactive stance on unlocking the company’s estimated sum-of-the-parts value.