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Stock impact report

BARK Confirms CEO’s Decision to Withdraw from Great Dane

BARK, Inc. Class A (BARK) 
Company Research Source: Business Wire
CEO Matt Meeker to Transition Focus Exclusively to Operational Leadership Amid Special Committee’s Review Process NEW YORK--(BUSINESS WIRE)--BARK, Inc. (NYSE: BARK) (“BARK” or the “Company”), a leading global omnichannel dog brand with a mission to make all dogs happy, today announced that after discussion with the Special Committee of the Company’s Board of Directors, Matt Meeker, the Company’s Chief Executive Officer and Executive Chair of the Board, has voluntarily withdrawn as a member and equity holder in Great Dane Ventures, LLC, an entity formed by certain of the Company’s stockholders to submit a preliminary non-binding proposal to acquire the Company.As previously disclosed, the Special Committee is focused on maximizing value for all BARK stockholders, and will review any proposal to acquire the Company as well as evaluating the Company’s standalone value with the assistance of its independent financial and legal advisors. The Company supports Mr. Meeker’s decision.Mr. Me Show less Read more
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