Allbirds entered into Support Agreements with stockholders holding 71% voting power to support the previously announced Asset Sale to Allbirds IP LLC at a special stockholder meeting.
Key takeaways
Entered Support Agreements on April 8, 2026, with stockholders representing ~71% voting power as of February 28, 2026.
Support Agreements commit parties to vote shares as per Board Recommendation for Asset Sale approval.
Key supporters include Maveron affiliates, Joey Zwillinger, Tim Brown, and Dick Boyce, all Board members or nominees.
Asset Purchase Agreement signed March 29, 2026, with Allbirds IP LLC, affiliated with American Exchange Group.
Company will file Proxy Statement with SEC recommending stockholder approval of Asset Sale at Special Meeting.