Aterian, inc. reports inducement grants under nasdaq listing rule 5635(c)(4)

New york, march 31, 2023 (globe newswire) -- aterian, inc. (nasdaq: ater) (“aterian”), today announced that it has granted restricted stock awards with respect to 140,000 shares of common stock to two new employees. these inducement awards were granted pursuant to the aterian 2022 inducement equity incentive plan and granted as an inducement material to the employees' employment with aterian in accordance with nasdaq listing rule 5635(c)(4). the awards will vest over three years, with 33.33% of the total number of shares subject to the award vesting on the one-year anniversary of the date of the recipient's commencement of employment with aterian and the balance vesting in equal amounts on a quarterly basis thereafter, subject in each case to the recipient's continued service to aterian on each vesting date. aterian is providing this information in accordance with nasdaq listing rule 5635(c)(4).
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