Bark Receives $0.90 Acquisition Proposal from Great Dane Ventures
Bark announced that its Board of Directors has received a preliminary non-binding indicative proposal letter, as noted in a Schedule 13D filing made January 9, 2026, from Great Dane Ventures, comprised of a group of the company's current stockholders, including Matt Meeker, the company's CEO and Executive Chairman of the Board, RRE Ventures, Resolute Ventures, Founders Circle Capital and Ironbound Partners Fund. The Letter proposes that Great Dane would acquire all of the outstanding shares of the company's common stock not already beneficially owned by the Stockholder Group or their affiliates, in an all-cash transaction, for 90c per share. The Board has formed a special committee consisting of independent and disinterested directors to consider the Proposal. The Special Committee will retain independent advisors, including independent financial and legal advisors, to assist it in this process.
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BARK (BARK) Attracts $1.10 Acquisition Offer from GNK Holdings and Marcus Lemonis, 22% Premium
- Acquisition Proposal: GNK Holdings and Marcus Lemonis have made a cash offer of $1.10 per share for BARK, valuing the transaction at approximately $188.7 million, which represents a 22% premium over the bid from Great Dane Ventures.
- Market Reaction: BARK's stock surged 20.7% in early trading and has risen over 64% in the past week, indicating strong market enthusiasm for the acquisition proposal.
- Value Unlocking Potential: GNK and Lemonis believe BARK has the potential to unlock value through disciplined execution, enhanced merchandising, and deeper customer engagement, reflecting confidence in the brand and customer loyalty.
- Leadership Changes: While Lemonis remains CEO of Bed Bath & Beyond, he recently stepped down from his CEO role at Camping World, potentially allowing him to focus more on the acquisition and development of BARK.

GNK Holdings Proposes All-Cash Acquisition of BARK at $1.10 per Share
- Acquisition Proposal: GNK Holdings and Marcus Lemonis have proposed an all-cash acquisition of BARK at $1.10 per share, valuing the transaction at approximately $188.7 million, which represents a 22% premium over the previous proposal by Great Dane Ventures.
- Execution Timeline: The transaction is expected to complete confirmatory due diligence within 30 days and finalize definitive agreements in about five weeks, indicating a highly certain and accelerated process.
- Leadership Advantage: Led by Marcus Lemonis, who has extensive experience in consumer and retail sectors, GNK Holdings aims to unlock BARK's potential value through enhanced merchandising and deeper customer engagement.
- Financing Structure: The transaction will be financed through equity capital and debt, and while the proposal is non-binding, it remains subject to the availability of financing and customary conditions.









