Marquee Brands $475M TLB for refinance; call 8/6

Aterian, Inc. (Nasdaq: ATER) has announced a definitive agreement for the sale of its e-commerce brand portfolio, including marquee brands such as Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct. The transaction involves Trademark Global, LLC, a privately held consumer brand and e-commerce supply chain platform, which will acquire the worldwide business of sourcing, marketing, and selling products under these labels, along with associated assets and liabilities. The base purchase price is $18 million in cash, subject to adjustments for net working capital and transaction costs. The deal requires stockholder approval and is expected to close in the second quarter of 2026. Aterian also plans to distribute the net proceeds from the sale to its stockholders, potentially including a Contingent Value Right (CVR) tied to future tariff refunds and asset liquidations.