BARK to Not Pursue Transaction Following Review of Great Dane Ventures Proposals

BARK, Inc. recently provided an update regarding previously disclosed preliminary non-binding indicative proposals involving the company.

As previously disclosed, on January 9, 2026, the company received an unsolicited preliminary non-binding indicative proposal from Great Dane Ventures, an entity formed by certain of the company’s stockholders, to acquire all of the outstanding shares of the company’s common stock not already beneficially owned by Great Dane.

That proposal has since been withdrawn.

Also as previously disclosed, on January 14, 2026, the company received an unsolicited preliminary non-binding indicative proposal from GNK Holdings LLC and Marcus Lemonis (collectively, the “GNK/Lemonis Group”) to acquire all of the outstanding shares of the company’s common stock not already beneficially owned by the GNK/Lemonis Group.

The Special Committee of the Board of Directors, consistent with its fiduciary duties and in consultation with its independent legal and financial advisors, carefully evaluated the proposal and determined that it did not adequately reflect the value of the company. Based on this evaluation, the Special Committee has determined not to pursue a transaction with the GNK/Lemonis Group.

While the company remains open to evaluating strategic opportunities that would further enhance stockholder value, the Special Committee has decided that it is in the best interests of stockholders to conclude the current review process. The Special Committee believes that continuing to execute the company’s existing standalone strategy represents the best path to maximize long-term stockholder value.

According to BARK, the company remains focused on disciplined execution, driving sustainable growth and profitability, and enhancing long-term stockholder value.

Founded in 2011, BARK serves millions of dogs nationwide with BarkBox and Super Chewer, its themed toys and treats subscriptions; custom product collections through its retail partner network, including Target, Chewy and Amazon; BARK in the Belly, a premium dog food and consumables line that donates 100% of food profits to fight canine hunger; and BARK Air, the first air travel experience designed specifically for dogs first.