Allbirds Inc. Faces Nasdaq Compliance Issue Following Board Member Resignation

Reuters09-09

Allbirds Inc. Faces Nasdaq Compliance Issue Following Board Member Resignation

Allbirds Inc. has announced a regulatory issue following the resignation of board member Ann Freeman, who is set to become the President of Foot Locker, North America. Her departure, effective September 8, 2025, leaves Allbirds non-compliant with Nasdaq Listing Rule 5605(b)(1), which mandates that a majority of the board consist of independent directors. The company has informed Nasdaq of the situation and is now within a cure period, allowing it to regain compliance by either its next annual meeting or within one year from the date of non-compliance. This issue arises from Freeman's move and is not due to any disagreement with Allbirds' operations or policies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allbirds Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001653909-25-000081), on September 08, 2025, and is solely responsible for the information contained therein.

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Faces Nasdaq Compliance Issue Following Board Member Resignation\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Allbirds Inc. has announced a regulatory issue following the resignation of board member Ann Freeman, who is set to become the President of Foot Locker, North America. Her departure, effective September 8, 2025, leaves Allbirds non-compliant with Nasdaq Listing Rule 5605(b)(1), which mandates that a majority of the board consist of independent directors. The company has informed Nasdaq of the situation and is now within a cure period, allowing it to regain compliance by either its next annual meeting or within one year from the date of non-compliance. 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