BARK decides not to pursue acquisition proposals, will continue standalone strategy

BARK, Inc. (NYSE: BARK) announced it will not pursue previously disclosed acquisition proposals and will continue executing its standalone business strategy.

The pet products company received two unsolicited preliminary proposals in January 2026. Great Dane Ventures, LLC, formed by certain company stockholders, made a proposal on January 9 to acquire outstanding shares not already owned by the entity. That proposal was subsequently withdrawn.

On January 14, GNK Holdings LLC and Marcus Lemonis jointly proposed to acquire all outstanding shares not already owned by their group. BARK's Special Committee of the Board of Directors evaluated the proposal with independent legal and financial advisors and determined it did not adequately reflect the company's value.

The Special Committee concluded the review process, stating that continuing the existing standalone strategy represents the best path to maximize long-term stockholder value. The company remains open to evaluating strategic opportunities that would enhance stockholder value.

BARK operates subscription services BarkBox and Super Chewer, sells products through retail partners including Target, Chewy, and Amazon, and offers BARK in the Belly premium dog food line and BARK Air travel services. The company was founded in 2011 and serves millions of dogs nationwide.

The announcement was made through a press release statement from the company.

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