Allbirds assets sold to American Exchange Group for US$39m
Kiwi shoe brand founded by Tim Brown listed in 2021 with a valuation of more than US$4b, but struggled to maintain momentum.
Allbirds cofounders Tim Brown and Joey Zwillinger in the company’s earlier days.
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The assets of Nasdaq-listed, Kiwi-founded shoe brand Allbirds are set to be taken over by American Exchange Group in a deal worth US$39 million ($67.8m).
The company cancelled its scheduled earnings announcement due to take place this morning, and instead said it would file a proxy statement by
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