BARK Special Committee Provides Acquisition Guidance
February 13, 2026 — Leads & Copy — The special committee of BARK Inc.’s Board of Directors has provided guidance to parties interested in acquiring the company, according to a press release issued today by BARK (NYSE: BARK).
The Special Committee, comprised of independent and disinterested directors, is evaluating all proposals and the Company’s standalone value. They are working with independent financial and legal advisors to maximize value for all BARK stockholders.
The committee is focused on an orderly process that does not disrupt the business or harm the value of the Company’s proprietary information.
The Special Committee noted that it is evaluating all proposals in totality, including the conditionality of any potential transaction and availability of committed debt and equity financing. Any party will be required to enter into confidentiality agreements with market-standard provisions, including a customary standstill, to receive any non-public diligence information.
The Special Committee will take the appropriate time to properly assess all proposals and strategic alternatives and to conduct a thorough and deliberate process focused on maximizing value for all BARK stockholders.
The Company stated that there can be no assurance that any definitive offer will be made, that any definitive agreement will be executed relating to the proposals or that any proposed transaction or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to the proposals received or any other transaction or proposal, except as required under applicable law.
Previously, on January 9, 2026, the Company received a preliminary non-binding indicative proposal from Great Dane Ventures, LLC (“Great Dane”), comprised of a group of the Company’s current stockholders, including Matt Meeker, the Company’s Chief Executive Officer and Executive Chairman of the Board, RRE Ventures, Resolute Ventures, Founders Circle Capital and Ironbound Partners Fund (collectively, the “Great Dane Group”). The Great Dane Group letter proposes that Great Dane would acquire all of the outstanding shares of the Company’s common stock not already beneficially owned by the Great Dane Group or their affiliates, in an all-cash transaction, for $0.90 per share.
On January 14, 2026, the Company received a preliminary non-binding indicative proposal letter from GNK Holdings LLC and Marcus Lemonis (collectively, the “GNK/Lemonis Group”). The GNK/Lemonis Group letter proposes that the GNK/Lemonis Group would acquire all of the outstanding shares of the Company’s common stock not already beneficially owned by the GNK/Lemonis Group, in an all-cash transaction, for $1.10 per share.
The Special Committee has requested meetings with the principals of both the Great Dane Group and GNK / Lemonis Group.
Moelis & Company LLC is acting as financial advisor and Sidley Austin LLP is serving as legal advisor to the Special Committee.
BARK is the world’s most dog-centric company, devoted to making all dogs happy with products, food, services, and content. 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.
At BARK, the goal is to make dogs as happy as they make humans.
Source: BARK, Inc.
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