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The Special Committee of BARK Provides Update on Process

BARK
  • BARK, Inc. announced that its Special Committee of independent directors is reviewing all acquisition proposals to maximize value for stockholders.
  • The Special Committee is evaluating the conditionality of transactions, financing availability, & requires confidentiality agreements with standard standstill provisions for access to non-public information.
  • The committee emphasized a deliberate process to assess strategic alternatives without disrupting business operations or compromising proprietary data.
  • On January 9, 2026, Great Dane Ventures, LLC received a preliminary non-binding offer to acquire remaining shares for $0.90 per share in an all-cash transaction.
  • The Great Dane Group includes CEO Matt Meeker, RRE Ventures, Resolute Ventures, Founders Circle Capital, & Ironbound Partners Fund.
  • On January 14, 2026, GNK Holdings LLC & Marcus Lemonis submitted a preliminary non-binding offer to acquire remaining shares for $1.10 per share in an all-cash transaction.
  • The Special Committee has requested meetings with principals from both the Great Dane Group & the GNK/Lemonis Group.
  • Moelis & Company LLC serves as financial advisor & Sidley Austin LLP serves as legal advisor to the Special Committee.
  • No assurance exists that any definitive offer, agreement, or transaction will be executed or approved.
  • BARK operates as a global omnichannel dog brand offering subscriptions, retail partnerships, food lines, & air travel services.