GlobeNewswire·Feb 11, 2026, 9:40 AM ET

GNK Holdings and Marcus Lemonis Reiterate Superior $1.10 All-Cash Proposal for BARK and Demand Response from Special Committee

GNK Holdings LLC & Marcus Lemonis delivered a letter to BARK, Inc.'s Special Committee on February 11, 2026.
The Group submitted a non-binding indication of interest on January 14, 2026, to acquire BARK in an all-cash transaction at $1.10 per share.
This $1.10 offer represents a 22% premium over the CEO's related-party "take private" proposal of $0.90 per share announced on January 9, 2026.
GNK Holdings LLC criticizes the Special Committee for failing to engage in substantive discussions despite their commitment to review the proposal.
The Group rejected a proposed non-disclosure agreement (NDA) received on February 6, 2026, citing its false premise that the Group requested non-public information.
GNK Holdings LLC opposes the proposed NDA's "standstill" provisions which would restrict public offers or shareholder proposals without BARK's approval.
The Group questions the legal appropriateness of the proposed agreement under Delaware law.
GNK Holdings LLC intends to make the letter public to inform the market about its acquisition interest & the Special Committee's handling of the competing insider bid.