GNK Holdings LLC and Marcus Lemonis have reiterated their superior all-cash proposal to acquire BARK, Inc. at $1.10 per share, representing a 22% premium over a previously disclosed offer from BARK’s CEO and affiliates valued at $0.90 per share. The Group emphasized that its proposal was made without requesting non-public information from the company and expressed concern over the Special Committee’s lack of engagement regarding the offer. The Group also objected to the company’s request for a standstill agreement, asserting it would limit their ability to make further offers or proposals.

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