Allbirds to sell its intellectual property and assets to American Exchange Group for $39M, plans company dissolution.

Allbirds has signed a definitive agreement to sell all its intellectual property and certain assets to American Exchange Group for an estimated $39 million. This deal, approved by Allbirds' board and pending shareholder approval, will lead to the company's dissolution and winding down. The transaction is expected to close in Q2 2026, with proceeds distributed to shareholders in Q3 2026. As a result, Allbirds has canceled its Q4 2025 earnings call and will file its annual report as planned.