BARK, Inc. (NYSE:BARK) ("BARK" or the "Company") today provided an update regarding previously disclosed preliminary non-binding indicative proposals involving the Company.

As previously disclosed, on January 9, 2026, the Company received an unsolicited preliminary non-binding indicative proposal from Great Dane Ventures, LLC ("Great Dane"), an entity formed by certain of the Company's stockholders, to acquire all of the outstanding shares of the Company's common stock not already beneficially owned by Great Dane. That proposal has since been withdrawn.

Also as previously disclosed, on January 14, 2026, the Company received an unsolicited preliminary non-binding indicative proposal from GNK Holdings LLC and Marcus Lemonis (collectively, the "GNK/Lemonis Group") to acquire all of the outstanding shares of the Company's common stock not already beneficially owned by the GNK/Lemonis Group. The Special Committee of the Board of Directors, consistent with its fiduciary duties and in consultation with its independent legal and financial advisors, carefully evaluated the proposal and determined that it did not adequately reflect the value of the Company. Based on this evaluation, the Special Committee has determined not to pursue a transaction with the GNK/Lemonis Group.