Allbirds announces 1-for-20 reverse stock split

San francisco, aug. 30, 2024 (globe newswire) -- allbirds, inc. (nasdaq: bird), a global lifestyle brand that innovates with sustainable materials to make better products in a better way, today announced that it will proceed with a 1-for-20 reverse stock split (“reverse stock split”) of its outstanding shares of class a common stock and class b common stock (collectively, the “common stock”) following approval by its board of directors. the 1-for-20 ratio is within the range approved by stockholders at a special meeting of bird stockholders held on august 13, 2024.
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