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Allbirds, Inc. reports news on its sustainable lifestyle footwear business, including product collections, material innovation and channel strategy. Company updates cover footwear and apparel made with materials such as Merino wool, tree fiber, sugarcane, hemp and organic cotton, as well as collaborations tied to new silhouettes and color collections.
Recurring Allbirds developments include launches such as Canvas Cruiser, Terralux, Varsity and Dasher NZ, partnerships involving alternative materials, earnings releases, operating updates, retail-footprint actions, e-commerce and wholesale priorities, and capital or shareholder matters affecting its Class A common stock.
Smartbird (NASDAQ: BIRD) CEO Nadia Carlsten outlines the company’s strategy following its transformation from footwear retailer Allbirds into an AI infrastructure provider. Allbirds sold its footwear assets, changed its name, brought in new leadership and raised capital to focus entirely on dedicated AI infrastructure.
Smartbird aims to serve enterprises that need customized, dedicated or on‑premises AI infrastructure for inference workloads, emphasizing performance, cost, security and control. The company offers a managed model, designing, procuring, deploying and operating clusters around customer requirements and remaining vendor‑agnostic on technologies.
According to Smartbird, as of June 30, 2026, access to over $200 million in capital from cash, a convertible facility and an ATM program supports its growth plans. The letter stresses disciplined capital allocation, a small technically deep team, new expert board nominees, and operating principles centered on customer needs and sustainable economics.
Smartbird (NASDAQ: BIRD), an AI infrastructure provider, has nominated Elizabeth Mora and Dan Kasun for election to its board of directors at the next annual meeting of stockholders. Mora is a veteran finance and governance leader, former CFO of Draper Laboratory and Harvard University, and currently chair of the board at Inogen (NASDAQ: INGN), audit committee chair at MKS Instruments (NASDAQ: MKSI), and compensation and nominating and governance committee chair at Limoneira (NASDAQ: LMNR).
Kasun brings extensive AI, cloud, and channel sales experience from 18 years at Microsoft and 11 years at Amazon Web Services, and is senior vice president and global head of partner ecosystem at Pegasystems (NASDAQ: PEGA). According to Smartbird, these nominations align with its strategy to grow AI infrastructure-as-a-managed-service for enterprises in healthcare, pharma, financial services and the public sector, following the June appointment of Nadia Carlsten as president and CEO.
Smartbird (NASDAQ:BIRD) appointed Nadia Carlsten as president, CEO and board member, succeeding Joe Vernachio, and named independent director Lily Yan Hughes as board chair.
The company completed the sale of the Allbirds brand and footwear assets, rebranded to Smartbird, and doubled its convertible financing facility from $50 million to $100 million to support its dedicated AI infrastructure-as-a-service strategy.
Allbirds (NASDAQ:BIRD) set a record date for its previously announced special dividend tied to an earlier Asset Sale. Stockholders of record on June 25, 2026 will be entitled to receive the Asset Sale Dividend, which Allbirds plans to pay within 60 days of that date.
Allbirds (Nasdaq: BIRD) executed a definitive agreement for a $50 million convertible financing facility to fund a pivot into AI compute infrastructure and intends to change its name to NewBird AI. The Facility is expected to close in Q2 2026 and conversion requires stockholder approval at a Special Meeting anticipated May 18, 2026. Subject to approval of an asset sale of the Allbirds brand to American Exchange Group, Allbirds anticipates issuing a special dividend in Q3 2026 to holders of record as of May 20, 2026.
The Company plans to use initial proceeds to acquire high-performance GPUs, offer long-term leases, and build a GPU-as-a-Service and AI-native cloud business.
Allbirds (NASDAQ:BIRD) launched the Canvas Cruiser Collection on April 7, 2026, a refreshed Cruiser in a hemp and organic cotton canvas available in 14 colors and priced at $75 USD.
The collection debuts the Bold by Nature campaign and includes eight Pantone-curated shades plus merino-blend lining and a SweetFoam midsole.
Allbirds (NASDAQ: BIRD) entered a definitive asset purchase agreement with American Exchange Group (AXNY) for an estimated $39 million transaction, subject to purchase price adjustments. The special committee and Board unanimously approved the Asset Sale; stockholder approval and a proxy filing are required.
The transaction targets closing in Q2 2026, with a distribution of net proceeds to stockholders expected in Q3 2026 after wind-down expenses. The company will file its Form 10-K for 2025 on March 31, 2026 and has canceled its scheduled Q4 2025 earnings release and call.
Allbirds (NASDAQ: BIRD) will release its fourth quarter and full year 2025 financial results after market close on Tuesday, March 31, 2026. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET the same day and provide a live webcast on its investor relations website. A replay will be archived online for 12 months.
Allbirds (BIRD) launched Terralux™, an industry-first footwear collection featuring INNOVERA™, a bio-designed leather alternative made from plant-based proteins, biopolymers, and recycled Nylon 6 from end-of-life tires.
INNOVERA™ is completely animal-free, engineered to match leather aesthetics and performance, contains >80% renewable carbon content, and the SS26 collection is available on www.allbirds.com beginning today.
Allbirds (NYSE: BIRD) launched its Spring/Summer 2026 “Say Yes” campaign on Feb. 3, 2026, showcasing the retro-inspired Varsity Collection and the new Dasher NZ as product anchors.
The campaign stars Justine Lupe, Elaine Welteroth, Nikki DeRoest, and Grace Cheng, and highlights comfort, sustainability, and Allbirds’ Featherbed™ insole and SweetFoam® midsole innovations. Collections are available now with listed retail prices and select styles launching Feb. 24.