Allbirds announces record date for asset sale dividend
The board set June 25, 2026 as record date for special dividend from asset sale proceeds.
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Footwear and apparel brand using natural materials
allbirds.comLast updated
In short: Allbirds pivoted from sustainable footwear to AI infrastructure, selling its brand to American Exchange Group and rebranding as Smartbird.
The board set June 25, 2026 as record date for special dividend from asset sale proceeds.
The company plans to sell its footwear brand and become GPU-as-a-Service provider NewBird AI.
Under the deal, AXNY will acquire all IP and certain assets for $39M, subject to stockholder approval and closing expected Q2 2026.
Resources will be reallocated to e-commerce, wholesale, and international distributorships; the capital-light closures aim to reduce SG&A and will be discussed on the Q4/2025 earnings call in March 2026.
In a report released yesterday, from Maxim Group maintained a Hold rating on Allbirds. The company's shares closed yesterday at $2.54. The word on The...
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In his first major interview since acquiring the Allbirds intellectual property, American Exchange...
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