Allbirds Completes $40.7M Sale of Footwear Business, Announces Special Dividend

Allbirds, Inc. (BIRD) has finalized the sale of its footwear business assets to an affiliate of American Exchange Group for $40.7 million in cash. The company also announced its plan to distribute a portion of the proceeds to shareholders through a special dividend.

Key Details

• Transaction: The asset sale was completed on June 9, 2026, for an aggregate cash consideration of $40.7 million. A $3.0 million portion was placed into a 60-day escrow account.
• Assets Sold: The sale included assets related to the footwear business, such as intellectual property (trademarks, patents), inventory, accounts receivable, and assigned contracts.
• Special Dividend: The Board of Directors has set a record date of June 25, 2026, for a special dividend to stockholders, with payment to occur within 60 days of that date.