Smartbird, Inc. Declares $0.31 Special Dividend From Footwear Sale

What Happened
Smartbird, Inc. (BIRD) announced in an Item 7.01 Regulation FD disclosure (filed Aug 10, 2026) that its Board of Directors declared a special cash dividend of $0.31 per share of common stock. The dividend is payable from the proceeds of the Company’s sale of its footwear business, with shareholders of record as of June 25, 2026 and an anticipated payment date of August 20, 2026. The Board also said it may pay an additional dividend later to the extent of available net proceeds after completion of transitional and post‑closing matters related to the sale.

Key Details

• Declared amount: $0.31 per share (special dividend)
• Record date: June 25, 2026
• Anticipated pay date: August 20, 2026
• Source/further distribution: Funded from proceeds of the sale of the Company’s footwear business; additional dividend possible depending on remaining net proceeds after closing matters

Why It Matters
This action returns cash from the divestiture of Smartbird’s footwear business directly to shareholders rather than retaining all proceeds on the balance sheet. For investors, the $0.31 special dividend is a concrete near-term cash benefit tied to the sale; the mention of a possible additional dividend signals the Company may distribute more cash later if net proceeds allow. Review your brokerage record date and tax considerations if you expect to receive the payment.