On March 13, 2026, Aterian, Inc. announced the execution of Amendment No. 5 to its Credit and Security Agreement originally dated December 22, 2021. This amendment, which was entered into with Midcap Funding IV Trust as the administrative agent, introduces significant changes to the liquidity requirements of the company. The Minimum Credit Party Liquidity covenant has been reduced to $3.5 million, effective immediately and continuing through April 12, 2026. This reduction is subject to extension at the company's discretion on a weekly basis until May 9, 2026, provided that Aterian remains compliant with certain fee payment obligations. The amendment aims to provide Aterian with greater financial flexibility during a critical period, allowing the company to manage its liquidity more effectively. The company has indicated that these changes are intended to support its ongoing operations and strategic initiatives. The filing of this amendment is seen as a proactive step to ensure that Aterian can navigate its financial obligations while pursuing growth opportunities. Investors and stakeholders will be closely monitoring the company's adherence to the new liquidity requirements and any potential impacts on its operational execution and overall strategy moving forward.

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