{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-174460","form_type":"8-K/A","ticker":"BIRD","cik":"0001653909","company_name":"Allbirds, Inc.","filed_at":"2026-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.674339+00:00","generated_at":"2026-05-15T04:12:36.829050+00:00","sec_items":["1.01","2.03","3.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Allbirds pivots to GPU infrastructure; sells footwear business, secures $50M convertible note facility","bullets":["Enters A&R Securities Purchase Agreement for up to $50M senior secured convertible notes at 12% interest, 5% OID.","Initial tranche of $5.25M; proceeds to fund purchase of NVIDIA Blackwell GPUs via subsidiary for compute leasing.","Subsidiary enters $2.75M, 3-year GPU lease with QumulusAI, marking first step into compute infrastructure.","Asset Purchase Agreement to sell footwear business to American Exchange Group; proceeds used to repay existing credit line.","Special meeting of stockholders scheduled May 18, 2026 to vote on Nasdaq approval for >19.99% share issuance."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-174460","json":"https://secwatch.observer/filing/0001193125-26-174460.json","markdown":"https://secwatch.observer/filing/0001193125-26-174460.md","text":"https://secwatch.observer/filing/0001193125-26-174460.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1653909/000119312526174460/0001193125-26-174460-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1653909/000119312526174460/d101195d8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:12:36.829050+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2b726f53610629cb726cfb34abfae6a46054b104","claim":"Allbirds, Inc. issued convertible note to an institutional investor for an aggregate original principal amount of up to $50.0 million.","evidence_excerpt":"(the “ Investor ”), pursuant to which the Company agreed to issue and sell to the Investor senior secured convertible notes in an aggregate original principal amount of up to $50.0 million (the “ Convertible Notes ”), convertible into shares of the Company’s Class A common stock (the “ Facility ”). The proceeds of the Facility are anticipated to be used primarily","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653909/000119312526174460/0001193125-26-174460-index.htm","confidence":0.4,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Purchaser","value":"an institutional investor"},{"label":"Consideration","value":"an aggregate original principal amount of up to $50.0 million"}],"fact_type":"equity_issuance"},{"claim_id":"2dda83f1afe89cdeb700f698126e5d924cab9eba","claim":"Allbirds, Inc. entered into a lease with a subsidiary of QumulusAI, Inc. valued at approximately $2.75 million, three-year.","evidence_excerpt":"the Lessor entered into an approximately $2.75 million, three-year lease agreement with a subsidiary of QumulusAI, Inc. (the “Lessee”) for the Purchased GPU Assets, with an end-of-term purchase option provided to the Lessee.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653909/000119312526174460/0001193125-26-174460-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"lease"},{"label":"Counterparty","value":"a subsidiary of QumulusAI, Inc."},{"label":"Value","value":"approximately $2.75 million, three-year"}],"fact_type":"material_agreement"},{"claim_id":"9b7e91020e2ba2276895ca61416c75ffb708f8c4","claim":"Allbirds, Inc. entered into A&R Purchase Agreement with an institutional investor valued at up to $50.0 million (effective 2026-04-19).","evidence_excerpt":"On April 19, 2026, the Purchase Agreement was amended and restated (as so amended and restated, the “ A&R Purchase Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1653909/000119312526174460/0001193125-26-174460-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"an institutional investor"},{"label":"Value","value":"up to $50.0 million"},{"label":"Effective","value":"2026-04-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}