Allbirds, Inc. Completes Footwear Business Asset Sale

Allbirds, Inc. has completed the sale of its footwear business assets to Allbirds IP LLC, an affiliate of American Exchange Group, for $40.7 million in cash. The transaction, which closed on June 9, 2026, includes intellectual property, inventory, accounts receivable, and other assets related to the footwear business. The company will also distribute a portion of the proceeds as a special dividend to stockholders, with a record date of June 25, 2026. A portion of the purchase price, $3.0 million, has been placed in an escrow account for potential purchase price adjustments or claims related to representations made in the agreement. This filing is an 8-K, reporting the completion of a significant asset disposition.