Allbirds adds $48,100,000 ATM capacity
Allbirds, Inc. expanded its at-the-market stock offering program by registering an additional aggregate amount of up to $48,100,000 of Class A common stock under its existing Sales Agreement with Chardan Capital Markets LLC.
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Form Type
8-K
Rhea-AI Filing Summary
Allbirds, Inc. expanded its at-the-market stock offering program by registering an additional aggregate amount of up to $48,100,000 of Class A common stock under its existing Sales Agreement with Chardan Capital Markets LLC. This program allows Chardan, acting as sales agent or principal, to sell shares from time to time using methods permitted for at-the-market offerings under Rule 415. The company filed a prospectus supplement under its Registration Statement on Form S-3 to cover these additional shares and filed a supporting legal opinion and related consent as exhibits.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Additional ATM capacity: $48,100,000
Filing date: June 11, 2026
Registration Statement: Form S-3 File No. 333-288434
3 metrics
Additional ATM capacity
$48,100,000
Aggregate amount of Class A common stock registered for sale under Sales Agreement
Filing date
June 11, 2026
Date Allbirds increased maximum aggregate offering price under ATM program
Registration Statement
Form S-3 File No. 333-288434
Existing shelf registration used for the additional ATM shares
Key Terms
at the market offering, Rule 415, Prospectus Supplement, Registration Statement on Form S-3, +1 more
5 terms
at the market offering financial
"through an “at the market offering” program under which Chardan, acting as sales agent or principal"
An at-the-market offering is a way a company raises cash by selling newly issued shares directly into the open market at prevailing prices, rather than all at once in a single deal. Think of it like turning a faucet on to drip shares into trading at current prices when needed; it gives the company flexibility to raise funds over time but can dilute existing shareholders and potentially affect the stock price, which investors should monitor.
Rule 415 regulatory
"deemed to be an “at the market offering” as defined in Rule 415 promulgated under the Securities Act"
Rule 415 is a U.S. Securities and Exchange Commission regulation that lets a company register securities ahead of time and then offer them for sale in pieces over an extended period under a “shelf” registration, so offerings can be launched quickly when market conditions suit the issuer. For investors, it signals that management has a ready way to raise capital fast—useful for seizing opportunities but potentially dilutive to existing shareholders, like a company pre-loading a credit line it can tap as needed.
Prospectus Supplement regulatory
"filed a prospectus supplement (the “Prospectus Supplement”) for the purpose of registering"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
Registration Statement on Form S-3 regulatory
"under the Company’s Registration Statement on Form S-3 (File No. 333-288434)"
A registration statement on Form S‑3 is a short, standardized filing a qualified public company uses to register new securities with regulators so they can be sold to investors; think of it as a pre-approved, reusable permission slip that speeds up future offerings. It matters to investors because it lets the company raise money more quickly and cheaply — which can fund growth or pay debt — but may also lead to share dilution or change in ownership, so it affects value and liquidity.
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ATM expansion did Allbirds (BIRD) disclose in this 8-K?
Allbirds disclosed an increase to its at-the-market stock program, registering up to $48,100,000 in additional Class A common shares. These shares may be sold over time through its existing Sales Agreement with Chardan Capital Markets LLC.
How much additional stock can Allbirds (BIRD) sell under the ATM program?
Allbirds can offer and sell an additional aggregate amount of up to $48,100,000 of Class A common stock. This increase is implemented through a new prospectus supplement under its existing Form S-3 Registration Statement.
Who is the sales agent for Allbirds’ expanded ATM offering?
Chardan Capital Markets LLC serves as sales agent or principal for Allbirds’ at-the-market offering program. Chardan, including its affiliates, may sell the registered Class A shares using methods allowed for at-the-market offerings under Rule 415.
What is the purpose of Allbirds’ new prospectus supplement?
The prospectus supplement registers the offer and sale of additional Class A common stock up to $48,100,000 under the existing Sales Agreement. It is filed under Allbirds’ Form S-3 Registration Statement to authorize these potential future ATM sales.
Which legal documents were filed with Allbirds’ ATM expansion?
Allbirds filed a legal opinion from Holland & Hart LLP as Exhibit 5.1 and a related consent as Exhibit 23.1. These documents support the legality of the Class A shares issuable under the expanded at-the-market Sales Agreement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
