Smartbird, Inc. files DEFA14A

Allbirds, Inc. is seeking stockholder approval to issue shares of Class A common stock exceeding 19.99% upon conversion of up to $50.0 million in senior secured convertible notes, which are part of a strategy to pivot into the compute infrastructure business following the sale of its footwear assets. The company also amended its credit agreement to permit these transactions and entered into a GPU lease agreement.