Allbirds Board Approves $39 Million Sale of Assets to American Exchange Group
Allbirds will sell its assets and intellectual property to American Exchange Group for $39 million under a board-approved agreement that requires common stockholder approval and is expected to close in Q2 2026. The company will file a proxy by April 24, dissolve post-sale, and distribute net proceeds in Q3 2026.
1. Asset Sale Agreement
Allbirds will sell its assets and intellectual property to American Exchange Group for $39 million under a board-approved agreement reviewed by a committee of independent directors.
2. Approval Timeline
Shareholder approval is required, with a proxy statement filed by April 24, 2026, and transaction closing expected in the second quarter of 2026.
3. Dissolution and Proceeds Distribution
Following the sale, the company plans to dissolve and distribute net proceeds to shareholders in the third quarter of 2026 after accounting for wind-down costs.
4. Restructuring Background
This deal builds on January restructuring measures that closed U.S. full-price stores and shifted operations to e-commerce, wholesale channels, and international distributors to streamline the business.