Allbirds agrees to sell IP, assets to American Exchange Group for about $39 million

Reuters03-31 07:01
Allbirds agrees to sell IP, assets to American Exchange Group for about $39 million
  • Allbirds entered definitive asset purchase agreement with American Exchange Group for sale of intellectual property plus selected assets and liabilities valued at about USD 39 million.
  • Transaction expected to close in Q2 2026.
  • Allbirds plans to seek stockholder approval for asset sale plus dissolution, with proxy statement expected by April 24, 2026.
  • Company expects to distribute net proceeds to stockholders in Q3 2026.
  • Allbirds canceled scheduled March 31 earnings release plus conference call, while still planning to file FY2025 Form 10-K on March 31.


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 GlobeNewswire (Ref. ID: 202603301900PRIMZONEFULLFEED9681200) on March 30, 2026, and is solely responsible for the information contained therein.

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