Allbirds announces 1-for-20 reverse stock split to regain Nasdaq compliance

Allbirds, Inc.

Reverse split at 1-for-20 ratio, effective 5 p.m. EDT on Sept 4, 2024; post-split trading begins Sept 5.
Each 20 pre-split shares become 1 post-split share; par value unchanged; no fractional shares issued.
Trading symbol remains BIRD; new CUSIP 01675A208; cash paid in lieu of fractional shares.
Split intended to meet Nasdaq minimum bid price requirement; stockholder approval obtained Aug 13, 2024.
All outstanding equity awards proportionately adjusted; Computershare acts as exchange agent.

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