Allbirds, Inc. 8-K

What Happened
Allbirds, Inc. announced it closed the previously disclosed asset sale of its footwear business to Allbirds IP LLC (affiliated with American Exchange Group) on June 9, 2026. The company received aggregate consideration of $40.7 million in cash (after purchase price adjustments and release of $2.0 million from a deposit). The Buyer acquired footwear-related assets including IP (trademarks, patents, domain names, social accounts), inventory, accounts receivable, assigned contracts and related assets; the Buyer also assumed certain liabilities.

Key Details

• Closing date: June 9, 2026. Purchaser: Allbirds IP LLC (affiliated with American Exchange Group).
• Purchase Price: $40.7 million in cash (as adjusted); $3.0 million of that amount was placed into an escrow fund.
• Escrow purpose: the $3.0M Escrow Fund is the primary recovery source for negative purchase price adjustments and any inaccuracies in specified seller representations for 60 days after Closing.
• Special dividend: the Board set June 25, 2026 as the record date for an Asset Sale Dividend (a distribution of a portion of the proceeds); payment will occur within 60 days of that record date.

Why It Matters
This filing confirms Allbirds has sold the assets of its footwear business and received cash proceeds, and the company plans to return part of those proceeds to shareholders via a special dividend (record date June 25, 2026). Investors should note the $3.0M escrow and the 60‑day post‑closing window for certain adjustments or claims, and that the sale transfers footwear assets and certain liabilities to the purchaser. For full terms and additional details, see the Asset Purchase Agreement previously filed as Exhibit 2.1 to Allbirds’ March 31, 2026 Form 8-K.