BARK, Inc. has received a preliminary non-binding proposal from Great Dane Ventures, LLC, a group including current stockholders such as CEO Matt Meeker, RRE Ventures, Resolute Ventures, Founders Circle Capital, and Ironbound Partners Fund. The group has proposed to acquire all outstanding shares of BARK’s common stock not already owned by them for $0.90 per share in an all-cash transaction. BARK’s Board has formed a special committee of independent directors to evaluate the proposal with the help of independent advisors. There is no assurance that a definitive offer or agreement will result from this proposal.

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