Allbirds Secures Up to $50M in Senior Secured Convertible Notes

Allbirds, Inc. has secured a facility of up to $50.0 million through senior secured convertible notes from an institutional investor. The initial Securities Purchase Agreement, dated April 14, 2026, was subsequently amended and restated on April 19, 2026. The company plans to use the proceeds primarily for the purchase of Electronics Assets by a newly formed wholly-owned subsidiary and to cover the costs associated with the private placements. In connection with this, Allbirds also filed a preliminary proxy statement for a special meeting of stockholders.