Allbirds Inc.
Allbirds Enters New Stock Sales Agreement with Chardan Capital Markets
Summary
On April 28, 2026, Allbirds, Inc. entered into a new Class A Common Stock Sales Agreement with Chardan Capital Markets LLC, allowing for the sale of shares through an 'at the market offering' program. This new agreement replaces the previous sales agreement with TD Securities (USA) LLC, which was terminated on April 27, 2026. The new agreement includes a commission rate of up to 3% of the aggregate gross proceeds from each sale and certain reimbursements for specified expenses. Allbirds is not obligated to sell any shares under the new agreement and may suspend sales at any time. The Sales Agreement may be terminated by either party with 10 days' notice or earlier under certain circumstances.
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About Allbirds Inc.
Allbirds Inc. is a footwear and apparel company known for its commitment to sustainability and innovative use of natural materials. The company designs and sells eco-friendly shoes made from renewable resources such as merino wool, eucalyptus trees, and sugarcane, aiming to reduce the environmental impact of its production processes. Founded in 2015, Allbirds has grown a loyal customer base drawn to its minimalist design aesthetic and focus on comfort. In addition to footwear, the brand has expanded into apparel, offering products like socks, tees, and outerwear. Allbirds has positioned itself as a pioneer in the sustainable fashion industry, challenging traditional footwear manufacturing standards. Its market significance lies in its role as a forerunner in integrating sustainable practices into consumer goods, appealing to environmentally conscious buyers and setting an example for other companies in the fashion sector. Operating through an online platform and select physical retail locations, Allbirds continues to influence the shift towards eco-friendly consumer products.
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