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American Exchange Group to Acquire Allbirds Assets for $39 Million
After years of losses and store closures, Allbirds will sell its assets to American Exchange Group for $39 million, a premium over its $24.5 million market cap, pending shareholder approval.
- Allbirds, Inc. announced that it has entered into a definitive agreement with American Exchange Group to sell substantially all of its intellectual property and certain assets for approximately $39 million.
- The transaction, unanimously approved by Allbirds' board of directors, is expected to close in the second quarter of 2026, with net proceeds distributed to stockholders in the third quarter of 2026 following the completion of the transaction and wind-down process.
- As a result of the announcement, Allbirds said it will not issue a fourth-quarter earnings press release or hold its previously scheduled earnings call, but plans to file its annual report on Form 10-K for the year ended December 31, 2025.
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The rise and fall of Allbirds: The sneaker company, once valued at $4 billion, just sold for $39 million
Allbirds on Thursday announced a disappointing earnings report.Spencer Platt/Getty ImagesAllbirds was founded in 2015 and soared to prominence with its iconic wool sneaker.The company went public in November 2021. Shares rose 90% on the opening day of trading.In 2026, it announced that American Exchange Group would acquire it for $39 million.Editor's note: This list was first published in August 2023 and has been updated to reflect recent develo…
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Coverage Details
Total News Sources9
Leaning Left3Leaning Right0Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 43%
C 57%
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