---
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"
generated_at: "2026-05-15T04:12:36.829050+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Allbirds pivots to GPU infrastructure; sells footwear business, secures $50M convertible note facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-174460
- JSON: https://secwatch.observer/filing/0001193125-26-174460.json
- Plain text: https://secwatch.observer/filing/0001193125-26-174460.txt

## Key facts
- Equity Issuances
  Allbirds, Inc. issued convertible note to an institutional investor for an aggregate original principal amount of up to $50.0 million.
  - Security: convertible note
  - Purchaser: an institutional investor
  - Consideration: an aggregate original principal amount of up to $50.0 million
  source text: (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_url: https://www.sec.gov/Archives/edgar/data/1653909/000119312526174460/0001193125-26-174460-index.htm
- Material Agreements
  Allbirds, Inc. entered into a lease with a subsidiary of QumulusAI, Inc. valued at approximately $2.75 million, three-year.
  - Action: entry
  - Agreement: lease
  - Counterparty: a subsidiary of QumulusAI, Inc.
  - Value: approximately $2.75 million, three-year
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1653909/000119312526174460/0001193125-26-174460-index.htm
- Material Agreements
  Allbirds, Inc. entered into A&R Purchase Agreement with an institutional investor valued at up to $50.0 million (effective 2026-04-19).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: an institutional investor
  - Value: up to $50.0 million
  - Effective: 2026-04-19
  source text: On April 19, 2026, the Purchase Agreement was amended and restated (as so amended and restated, the “ A&R Purchase Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653909/000119312526174460/0001193125-26-174460-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.