Allbirds plans pivot to GPU-as-a-Service, AI-native cloud provider under NewBird AI

• Allbirds set plan to pivot into AI compute infrastructure, targeting GPU-as-a-Service and AI-native cloud solutions.
• Strategy hinges on USD 50 million convertible financing facility expected to close in Q2 2026.
• Initial capital earmarked for high-performance GPU acquisitions to support dedicated customer capacity under long-term lease arrangements.
• Company expects to expand neocloud platform through broader compute offerings, deeper partnerships, and potential M&A.
• Allbirds anticipates rebranding to NewBird AI as it shifts focus to the new business.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allbirds Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-164338), on April 20, 2026, and is solely responsible for the information contained therein.