Agreed on dilution/equity raise ASAP

glimzy
2021-09-22

$Aterian Inc.(ATER)$ Agreed on dilution/equity raise ASAP. The dilution to shareholders has been huge over past 24 months, however, given their liquidity has largely dried-up and operationally they are bleeding $cash, they need to quickly complete another equity offering! Otherwise, they'll have to give very unfavorable equity transfers to creditors whom they cannot make required debt payments. The full dilution (warrants distribution/pricing) of the recent debt payment (equity +warrants in lieu of $cash owed) is not quite known yet given there hasn't been a final term sheet issued on the payment to bondholders. In my opinion, they need to try and take advantage of these elevated $share pricing while they have the opportunity. Otherwise, this is going to get REAL UGLY.

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