Aterian secures up to $1 million in unsecured financing from shareholder Chen Zhipeng
ATER•Aterian entered an unsecured promissory note for up to $1 million with shareholder Chen Zhipeng on October 20, 2026. Advances carry 8% annual interest and mature in eight months, with possible extensions by mutual written agreement.
1. Financing terms
Drawdowns require the lender’s written approval. The lender may apply outstanding principal and interest toward securities in a private placement at the price paid by cash investors, or elect cash repayment; if no private placement occurs before maturity, the lender may convert the balance into common shares at Nasdaq’s Minimum Price, subject to stockholder-approval limits.
