Allbirds announces special shareholder meeting on asset sale, charter amendment proposals

Allbirds, Inc. Class A

Allbirds, Inc. Class A

BIRD

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  • Allbirds schedules virtual special shareholder meeting on May 18, 2026.
  • Vote set on sale of footwear business assets to Allbirds IP for USD 39 million.
  • Shareholders to consider charter changes to rename company NewBird AI, remove public benefit corporation status.
  • Ballot includes approval to issue more than 19.99% of Class A shares on conversion of senior secured convertible notes under up to USD 50 million facility.
  • Meeting also seeks authorization for potential liquidation and dissolution plan, subject to board decision within 12 months.


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