US EditionAmerican Exchange Group to Acquire Allbirds Assets for $39 Million
Allbirds will dissolve its public company after the sale, which includes intellectual property, following years of losses and store closures, with $161 million revenue last year.
- 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.
27 Articles
27 Articles
Allbirds Is Done: A $4 Billion Brand Sells for $39 Million and Dissolves
Quick Read Allbirds (BIRD) agreed to sell its assets and IP to American Exchange Group for $39 million, down from a $4 billion valuation in November 2021, with the deal expected to close in Q2 2026 and shares down 59% over the past year. The company reported a net loss of $77.3 million on $152.5 million in revenue for 2025, with Q3 revenue falling 23% year over year to $33 million and store count collapsing from 60 locations in 2024 to 23 by Q3…
This Californian shoe company was once worth billions. It just sold for $39 million
Allbirds became a Silicon Valley favorite when it launched in 2021, known best for its eco-friendly wool sneakers. The company just sold for a fraction of what it was once worth.
Five hard lessons from Allbirds’ 99% stock plunge and $39 million fire sale
Once a brand that soared as the de rigueur footwear for the Silicon Valley set, Allbirds has fallen out of the sky. The shoemaker, best known for its eco-friendly wool sneakers favored by tech bros, said this week it is selling itself for a mere $39 million, or roughly 1% of its peak market capitalization of $4 billion only five years ago—the victim of major strategic missteps in trying to sustain its once meteoric growth. Joe Vernachio, the chi…
Coverage Details
Bias Distribution
- 45% of the sources lean Left, 45% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
