Aterian PLC - Issue of Convertible Bond and Warrants

Aterian PLC has issued a convertible bond and warrants to key shareholders, providing short-term funding support and facilitating discussions for a larger financial package. The bonds have a convertibility feature into ordinary shares at a fixed price per share.

The Company is also in talks with a potential partner to enhance operational and financial capabilities for its trading business, aiming to increase available trading capital and logistical support.

These developments aim to drive growth and advance exploration projects without diluting equity. The Company values shareholder commitment and aims to create shareholder value with minimal dilution. Discussions are progressing well, and Aterian looks forward to updating the market on key milestones in 2025.