Allbirds, Inc.

Smartbird, Inc. (formerly Allbirds, Inc.) announced its Annual Meeting of Stockholders will be held virtually on September 30, 2026. Shareholders will vote on several key proposals, including the election of Class II directors, an amendment to increase shares authorized under the 2021 Equity Incentive Plan, and the approval of issuing Class A common stock representing over 19.99% upon conversion of certain Convertible Notes to comply with Nasdaq rules. Additionally, the agenda includes ratifying BPM LLP as the independent auditor for 2026 and approving potential meeting adjournments.

Smartbird, Inc. announced a special dividend of $0.31 per share of common stock, payable from the proceeds of the sale of its footwear business. The dividend is for stockholders of record as of June 25, 2026, with an anticipated payment date of August 20, 2026. The company also indicated that an additional dividend might be paid from any remaining net proceeds after transitional and post-closing matters related to the sale are concluded.

Smartbird, Inc. announced the nomination of Elizabeth Mora and Dan Kasun for election to its board of directors at the upcoming annual meeting. Mora brings extensive finance and governance experience, having served as CFO for Draper Laboratory and Harvard University, and currently holds board positions at Inogen, MKS Instruments, and Limoneira Company. Kasun offers deep expertise in AI and cloud sales, with leadership roles at Microsoft, Amazon Web Services, and currently Pegasystems. CEO Nadia Carlsten emphasized that their combined experience will be a significant asset as Smartbird continues to grow its AI infrastructure business.

Allbirds, Inc. announced the dismissal of Deloitte & Touche LLP as its independent registered public accounting firm on July 28, 2026. Concurrently, the Audit Committee approved the engagement of BPM LLP for the fiscal year ending December 31, 2026, following a competitive process. The company confirmed there were no disagreements or reportable events with Deloitte during the two most recent fiscal years and subsequent interim period, and no prior consultations with BPM on accounting or auditing issues.

Smartbird, Inc. announced that Ravi Thanawala will resign from its Board of Directors, effective July 14, 2026. Thanawala is departing to become the Chief Financial Officer at American Eagle Outfitters, Inc. The company stated that his resignation was not a result of any disagreement regarding the company's operations, policies, or practices.

Allbirds, Inc. has rebranded to Smartbird, Inc., completing the divestment of its footwear assets to fully pivot into an AI infrastructure provider. The company appointed Nadia Carlsten, an AI and advanced computing industry leader, as its new President, CEO, and director, effective June 18, 2026. To support its new strategy, Smartbird increased its senior secured convertible notes facility by $50.0 million to an aggregate of $100.0 million, with a conversion price of $4.00 for the new notes. Lily Yan Hughes was also appointed independent board chair, and the company will seek additional shareholder approval for the increased financing.

Smartbird, Inc. (formerly Allbirds, Inc.) announced the appointment of Nadia Carlsten as its new President and CEO, who also joins the board. The company has completed the sale of its Allbirds brand and footwear assets, officially transitioning to an AI infrastructure provider. To support its new strategy, Smartbird also increased its convertible financing facility from $50 million to $100 million. Independent Director Lily Yan Hughes was appointed board chair, and Joe Vernachio resigned.

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.

Allbirds, Inc. announced that its Board of Directors has established June 25, 2026, as the record date for the previously disclosed special Asset Sale Dividend. Stockholders of record on this date will be entitled to receive the dividend. The payment of this special dividend, which stems from the proceeds of a prior asset sale, is expected to occur within 60 days of the record date.

Allbirds, Inc. announced an increase in its "at the market" (ATM) offering program for Class A common stock. The company filed a prospectus supplement to register the offer and sale of an additional aggregate amount of up to $48.1 million in Class A common stock. This new offering is separate from shares previously sold under the existing sales agreement with Chardan Capital Markets LLC.