BARK Abandons Acquisition Talks, Focusing on Standalone Strategy to Maximize Stockholder Value

BARK, Inc. has determined not to pursue a transaction with GNK/Lemonis Group after evaluating the proposal. The company remains open to strategic opportunities but believes executing its existing standalone strategy is the best path to maximize long-term stockholder value. BARK will continue to focus on disciplined execution, driving sustainable growth and profitability, and enhancing long-term stockholder value.