BARK, Inc. announced that its Special Committee of independent directors is reviewing all proposals for a potential acquisition, including preliminary non-binding offers from the Great Dane Group at $0.90 per share and the GNK/Lemonis Group at $1.10 per share, while also evaluating the company's standalone value to maximize stockholder returns.
Key takeaways
A Special Committee of independent directors is reviewing all acquisition proposals and evaluating BARK's standalone value.
The Great Dane Group, which includes CEO Matt Meeker and other current stockholders, submitted a preliminary non-binding proposal to acquire remaining shares for $0.90 per share in cash on January 9, 2026.
The GNK/Lemonis Group submitted a preliminary non-binding proposal to acquire remaining shares for $1.10 per share in cash on January 14, 2026.
The Special Committee has requested meetings with principals of both proposing groups.
Moelis & Company LLC is acting as financial advisor and Sidley Austin LLP as legal advisor to the Special Committee.
There is no assurance any definitive offer will be made, agreement executed, or transaction consummated.