Allbirds, Inc. Executes $50M Convertible Financing Facility Agreement; Announces Expansion into AI Compute Infrastructure
Allbirds, Inc. announced a $50 million convertible financing facility to fund its strategic pivot from footwear to AI compute infrastructure. Following the sale of its brand and footwear assets to American Exchange Group, the company plans to become NewBird AI, a GPU-as-a-Service and AI-native cloud provider targeting the unmet demand for high-perf…