GNK Holdings Considers Cash Tender Offer for BARK Shares
GNK Holdings LLC, a shareholder of BARK Inc., is exploring a potential cash tender offer at $11.00 per share to acquire shares from other shareholders. The move follows GNK's frustration with the company’s slow progress in creating value and unlocking its long-term potential despite having valuable assets and brand recognition. GNK has invited current BARK shareholders to submit non-binding indications of interest by October 9, 2026, regarding their willingness to sell shares at $11.00 per share. These submissions will help GNK assess the level of shareholder participation before deciding whether to proceed with a formal tender offer. The company emphasized that no binding obligations are involved in this process and there is no guarantee that a tender offer will be launched or completed if initiated.