$BIRD

Bloomberg reports that crypto treasury companies are pivoting to AI as falling Bitcoin and Ether prices reduce investor interest. Examples include K Wave Media Ltd. (down 71% since May), Lixte Biotechnology Holdings Inc. (down 33% since June), and AlphaTON Capital Corp. (down 33% after April rebrand). Strategy Inc. and other digital-asset treasury stocks have also fallen, while AI infrastructure suppliers gain.

Smartbird, Inc. (BIRD) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. bird-20260627 0001653909 false 0001653909 2026-07-01 2026-07-01 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________ FORM 8-K ___________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securitie

Carlsten Nadia Catherine (Chief Executive Officer) sold 117,459 shares of Smartbird, Inc. (BIRD) at $4.21 ($0.49M total) on 2026-06-25.

Allbirds sold its shoe business for $43 million and raised $100 million, then renamed the AI unit Smartbird, according to TechCrunch. Nadia Carlsten, a former AWS executive, became CEO in Amsterdam and said Smartbird will recruit a new leadership team and office. She expects clusters for several customers by year-end and targets data-sovereignty-focused deployments.

Allbirds, now trading as Smartbird (BIRD), said its board appointed Nadia Carlsten as president and CEO, replacing Joe Vernachio, who resigned. Lily Yan Hughes became board chair. The company also completed the sale of the Allbirds brand/assets and doubled its senior secured convertible facility to $100M, with an amendment raising note issuance by $50M at a $4 conversion price. Pre-market shares rose 12.96% to $6.19; short interest fell to 998,480 shares (18.75% of float).

Allbirds, which went public in 2021 at a $4.1 billion valuation, renamed itself Smartbird and appointed Nadia Carlsten as president and CEO to lead an AI compute pivot. The April plan to sell its shoe business for $39 million and create GPU cloud provider NewBird AI followed a 582% stock jump. Smartbird doubled convertible financing to $100 million, but says it has no customers or revenue yet.

Allbirds, Inc. (NASDAQ: BIRD) said it closed the sale of its Allbirds footwear brand on June 17, changed its name to Smartbird, and rebranded as an AI infrastructure provider. The company appointed Nadia Carlsten as president and CEO and kept Annie Mitchell as CFO. The pivot follows a prior BIRD surge of nearly 600% after an AI-related press release, according to the article.

Smartbird, Inc. (BIRD) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.2 5 d178962dex102.htm EX-10.2 EX-10.2 Exhibit 10.2 FINAL FORM [FORM OF SENIOR SECURED CONVERTIBLE NOTE] NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER

Allbirds, Inc. (BIRD) filed an SEC Form 8-K — Completion of Acquisition or Disposition of Assets. bird-20260609 0001653909 false 0001653909 2026-06-09 2026-06-09 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________ FORM 8-K ___________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securitie

Allbirds, Inc. (BIRD) filed an SEC Form 8-K — Unregistered Sales of Equity Securities. bird-20260604 0001653909 false 0001653909 2026-06-04 2026-06-04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________ FORM 8-K ___________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securitie