Allbirds loses Nasdaq independent-director compliance after board resignation

Allbirds, Inc.

Director Ann Freeman resigns effective Sept 8, 2025 to become President of Foot Locker, North America.
Resignation was not due to any disagreement with Allbirds on operations, policies, or practices.
Company no longer complies with Nasdaq Rule 5605(b)(1) requiring independent director majority.
Cure period available until Sept 8, 2026 or next annual meeting to regain compliance.

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