Allbirds Sells $5.0M in Convertible Notes

Allbirds, Inc. announced the sale of $5.0 million in senior secured convertible notes on June 4, 2026. This transaction is part of a larger facility that allows for the issuance of up to $50.0 million in convertible notes. The sold amount includes $2.0 million that was contingent on the approval of the Nasdaq Proposal. The company intends to use the net proceeds from this tranche for general corporate purposes and working capital, with $41.75 million in convertible notes still available for future sale under the facility.