secwatch.observer — SEC 8-K summary
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Issuer:     Allbirds, Inc. (BIRD)
CIK:        0001653909
Form:       8-K
Filed at:   2024-08-30T23:59:59+00:00
Accession:  0001653909-24-000064
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1653909/000165390924000064/0001653909-24-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1653909/000165390924000064/bird-20240830.htm
  HTML page:      https://secwatch.observer/filing/0001653909-24-000064

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer