Allbirds Completes Footwear Business Sale for $40.7M Cash

Allbirds, Inc. announced the completion of the sale of its footwear business assets to an affiliate of American Exchange Group on June 9, 2026. The company received $40.7 million in cash as consideration for the Purchased Assets, with $3.0 million placed into an escrow account. Following the divestment, Allbirds plans to distribute a portion of the proceeds to stockholders as a special dividend, with a record date of June 25, 2026, and payment within 60 days thereafter.