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Aterian, Inc. (NASDAQ:ATER), a consumer products company with a market capitalization of $7.89 million and currently trading near its 52-week low, announced Friday that it has entered into Amendment No. 4 to its existing Credit and Security Agreement, originally dated December 22, 2021, with Midcap Funding IV Trust serving as administrative agent and certain lenders. The amendment introduces several changes to the terms of the agreement.
According to the company’s press release statement, the amendment reduces the minimum liquidity covenant for credit parties to $5.0 million, effective as of the Fourth Amendment Effective Date and continuing during a specified Minimum Liquidity Covenant Reduction Period. The agreement further provides that if Aterian delivers a Liquidity Certificate showing at least $6.8 million in liquidity, the Minimum Liquidity Covenant Reduction Period will end, and the minimum liquidity covenant will increase to $6.8 million.
Additionally, the amendment establishes an Availability Reserve of $2.8 million during the Minimum Liquidity Covenant Reduction Period. After this period, the Availability Reserve will be set at $1.0 million.
The information is based on a statement included in the company’s recent SEC filing.
In other recent news, Aterian Inc. reported a decline in revenue for the second quarter of 2025. The company’s net revenue fell to $19.5 million, a significant decrease from $28 million in the same quarter the previous year. Additionally, Aterian posted an adjusted EBITDA loss of $2.2 million, contrasting with a gain of $200,000 in the second quarter of 2024. In a strategic move, Aterian launched several of its brands on BestBuy.com, expanding its online presence. The brands now available on the electronics retailer’s website include hOmeLabs, Squatty Potty, PurSteam, Mueller Living, and Photo Paper Direct. These recent developments reflect Aterian’s efforts to enhance its market reach amidst financial challenges.
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