---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-022181"
form_type: "8-K"
ticker: "BIRD"
cik: "0001653909"
company_name: "Allbirds, Inc."
filed_at: "2026-03-31T23:59:59+00:00"
generated_at: "2026-05-15T08:10:41.699631+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-022181
- form_type: 8-K
- ticker: BIRD
- cik: 0001653909
- company_name: Allbirds, Inc.
- filed_at: 2026-03-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1653909/000162828026022181/0001628280-26-022181-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1653909/000162828026022181/bird-20260329.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-022181
- JSON: https://secwatch.observer/filing/0001628280-26-022181.json
- Plain text: https://secwatch.observer/filing/0001628280-26-022181.txt

## Key facts
- Material Agreements
  Allbirds, Inc. entered into Asset Purchase Agreement with Allbirds IP LLC, a Delaware limited liability company affiliated with American Exchange Group valued at $39 million (effective 2026-03-29).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Allbirds IP LLC, a Delaware limited liability company affiliated with American Exchange Group
  - Value: $39 million
  - Effective: 2026-03-29
  source text: Entry into Asset Purchase Agreement On March 29, 2026, , (the “ Execution Date ”) Allbirds, Inc., a Delaware public benefit corporation (the “ Company ” or the “ Seller ”) and Allbirds IP LLC, a Delaware limited liability company affiliated with American Exchange Group (the “ Purchaser ”), entered into an Asset Purchase Agreement (the “ Asset Purchase Agreement ”) pursuant to which Purchaser will (i) acquire substantially all of the Seller’s assets, including those related to intellectual property assets (including global trademarks, trade names, copyrights, patents, domain names, social media accounts, customer lists, and related IP), inventory, wherever located, accounts receivable, assigned contracts, including license and franchise agreements, transition assets, prepaid expenses, goodwill and other assets (as defined in the Asset Purchase Agreement, the “ Purchased Assets ”), and (ii
  evidence_url: https://www.sec.gov/Archives/edgar/data/1653909/000162828026022181/0001628280-26-022181-index.htm

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