---
schema_version: "secwatch.filing_event.v1"
accession: "0001861449-23-000204"
form_type: "8-K/A"
ticker: null
cik: "0001861449"
company_name: "Bird Global, Inc."
filed_at: "2023-09-29T23:59:59+00:00"
generated_at: "2026-06-10T07:06:18.727250+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bird Global acquires Spin (Skinny Labs) for $19M; amends loan with MidCap for additional $6M

## Summary
- Acquired 100% of Spin for $19M: $10M cash, $6M secured vendor note, $3M hold-back ($1M cash + $2M stock).
- Amended MidCap loan adds $6M advance, extends maturity to July 12, 2025, secures Bird assets.
- Vendor note bears 8% interest, repayable in 3 installments due Oct 2023, Dec 2023, Apr 2024.
- Hold-back stock valued at 30-day VWAP; VTB note unsecured guaranteed by parent.
- Purchase price subject to post-closing working capital adjustments and indemnification obligations.

## SEC filing metadata
- accession: 0001861449-23-000204
- form_type: 8-K/A
- cik: 0001861449
- company_name: Bird Global, Inc.
- filed_at: 2023-09-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1861449/000186144923000204/0001861449-23-000204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1861449/000186144923000204/brds-20230919.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001861449-23-000204
- JSON: https://secwatch.observer/filing/0001861449-23-000204.json
- Plain text: https://secwatch.observer/filing/0001861449-23-000204.txt

## Key facts
- M&A Transactions
  Bird Global, Inc. completed an acquisition involving Tier Mobility SE for $19 million comprised of $10 million in cash, $6 million in the form of a secured vendor take-back promissory note, and $3 million in hold-back consideration co (closed 2023-09-19).
  - Action: acquisition
  - Counterparty: Tier Mobility SE
  - Consideration: $19 million comprised of $10 million in cash, $6 million in the form of a secured vendor take-back promissory note, and $3 million in hold-back consideration co
  - Closing: 2023-09-19
  source text: 2023, (the “Closing Date”). The aggregate consideration paid, or that will be paid, by the Company and Bird Rides for the transactions contemplated by the Purchase Agreement is $19 million (the “Purchase Price”), which is comprised of (a) $10 million in cash, (b) $6 million in the form of a secured vendor take-back promissory note (the “VTB Consideration”), and (c)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861449/000186144923000204/0001861449-23-000204-index.htm
- Material Agreements
  Bird Global, Inc. entered into Purchase Agreement with Tier Mobility SE valued at $19 million (effective 2023-09-19).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Tier Mobility SE
  - Value: $19 million
  - Effective: 2023-09-19
  source text: On September 19, 2023, Bird Global, Inc. (the “Company”) announced the acquisition by its wholly-owned subsidiary Bird Rides, Inc., a Delaware corporation (“Bird Rides”) of 100% of the stock of Skinny Labs, Inc. d/b/a Spin, a Delaware corporation (“Spin”), from Tier Mobility SE, a company incorporated in Germany with registered number HRB 236551 B (“Seller”) (the “Acquisition”), pursuant to the terms and conditions of that certain stock purchase agreement (the “Purchase Agreement”), entered into by and among the Company, Bird Rides, Seller and Spin on September 19, 2023, (the “Closing Date”). The aggregate consideration paid, or that will be paid, by the Company and Bird Rides for the transactions contemplated by the Purchase Agreement is $19 million (the “Purchase Price”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861449/000186144923000204/0001861449-23-000204-index.htm
- Material Agreements
  Bird Global, Inc. amended Amended and Restated Loan Agreement with MidCap Financial Trust (effective 2023-09-19).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: MidCap Financial Trust
  - Effective: 2023-09-19
  source text: On the Closing Date, the Company, as parent, Bird Rides, as borrower, and certain other subsidiaries of the Company, as guarantors, entered into that certain Amended and Restated Loan Agreement (the “Loan Agreement”) with MidCap Financial Trust, as administrative agent (the “Administrative Agent”), and the lenders party thereto (the “Lenders”), to amend and restate, in its entirety, that certain Loan and Security Agreement, dated as of April 27, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861449/000186144923000204/0001861449-23-000204-index.htm
- Material Agreements
  Bird Global, Inc. entered into Note with Tier Mobility SE valued at $6 million (effective 2023-09-19).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Tier Mobility SE
  - Value: $6 million
  - Effective: 2023-09-19
  source text: On the Closing Date, pursuant to the Purchase Agreement and in satisfaction of the VTB Consideration, Bird Rides issued to Seller a secured promissory note in the principal amount of $6 million (the “Note”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1861449/000186144923000204/0001861449-23-000204-index.htm

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