# Aterian, Inc. (ATER) — divestiture/joint_venture [completed]
Source: SEC API (secapi.ai) · situation sit_f15e2874772d4c6cf702 · retrieved 2026-08-11T16:13:58.410Z

## Overview
Aterian, Inc. is an e-commerce company that designs, manufactures and sells consumer brands across home, health and wellness categories; it previously operated marquee brands including Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct, and continues to operate legacy brands Vremi and Xtava.

On July 17, 2026, Aterian completed the sale of substantially all of its marquee consumer brands—Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct—to Trademark Global, LLC for $18.0 million in cash, subject to purchase price adjustments. Simultaneously, David E. Lazar completed his purchase of 3.5 million shares of convertible preferred stock (1.75 million Series AA shares and 1.75 million Series AAA shares) at $2.00 per share for aggregate gross proceeds of $7.0 million. Upon closing, Lazar became the beneficial owner of approximately 95.8% of the Company's issued and outstanding voting securities (95.1% on a fully-diluted basis), constituting a change in control. The Series AA Preferred Shares are convertible into 7.7 shares of Common Stock per share at a conversion price of $0.25974, and the Series AAA Preferred Shares are convertible into 135.1 shares of Common Stock per share at a conversion price of $0.0148.

## Terms
- Counterparty: David E. Lazar; Trademark Global, LLC · Consideration: cash · Stake: 95.8% · Price/share: $2

## Key dates
- Record 2026-07-08 · Vote 2026-07-17 · Completed 2026-07-17

## Timeline
- 2026-07-20 · 8-K (0001437749-26-023879): 8-K - Aterian, Inc. — *Aterian, Inc. is an e-commerce company that designs, manufactures and sells consumer brands across home, health and wellness categories; it previously operated marquee brands including Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct, and continues to operate legacy brands Vremi and Xtava.* On July 17, 2026, Aterian completed the sale of substantially all of its marquee consumer brands—Mueller Living, PurSteam, hOmeLabs, Squatty Potty, Healing Solutions, and Photo Paper Direct—to Trademark Global, LLC for $18.0 million in cash, subject to purchase price adjustments. Simultaneously, David E. Lazar completed his purchase of 3.5 million shares of convertible preferred stock (1.75 million Series AA shares and 1.75 million Series AAA shares) at $2.00 per share for aggregate gross proceeds of $7.0 million. Upon closing, Lazar became the beneficial owner of approximately 95.8% of the Company's issued and outstanding voting securities (95.1% on a fully-diluted basis), constituting a change in control. The Series AA Preferred Shares are convertible into 7.7 shares of Common Stock per share at a conversion price of $0.25974, and the Series AAA Preferred Shares are convertible into 135.1 shares of Common Stock per share at a conversion price of $0.0148.
  https://www.sec.gov/Archives/edgar/data/1757715/0001437749-26-023879.txt

## Citations
- 0001437749-26-023879 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000143774926023879