Allbirds, Inc. (BIRD) announced that it has entered into a definitive agreement with American Exchange Group. Under the terms of the agreement, American Exchange Group will acquire all of Allbirds' intellectual property along with certain other assets and liabilities. The transaction carries an estimated value of $39 million, subject to purchase price adjustments finalized at closing.
The deal is expected to close in the second quarter of 2026. Following completion, Allbirds anticipates distributing net proceeds to its stockholders in the third quarter of 2026, after accounting for wind-down expenses.
Allbirds closed Monday's regular trading at $2.98, down $0.20 or 6.29%. However, in overnight trading, the stock rebounded sharply to $3.61, marking a gain of $0.63 points or 21.14%.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.