Allbirds enters $39M asset sale with American Exchange Group; plans dissolution

Allbirds, Inc.

Sells substantially all IP, inventory, and other assets for $39M cash to AXNY.
Transaction requires stockholder approval; proxy statement due by April 24, 2026.
Closing expected in Q2 2026; net proceeds distribution to stockholders anticipated in Q3 2026.
Credit agreement amended: minimum cash covenant reduced from $10M to $7.5M.
Cancels Q4 2025 earnings call; will file 10-K by March 31, 2026.

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