On August 6, 2026, the Board of Directors declared a special cash dividend of $0.31 per share of common stock. The payment is funded by proceeds from the sale of the Company's footwear business to shareholders of record as of June 25, 2026. Payment is scheduled for August 20, 2026. The company may pay an additional dividend depending on available net proceeds after closing matters. Smartbird, Inc. operates in the consumer discretionary sector, specifically designing and selling footwear.

On July 28, 2026, the Audit Committee of Smartbird, Inc. dismissed Deloitte & Touche LLP as its independent registered public accounting firm and engaged BPM LLP to serve in that role for the fiscal year ending December 31, 2026. The company reported no disagreements with Deloitte regarding accounting principles, financial statement disclosures, or auditing scope during the two most recent fiscal years ended December 31, 2025 and 2024, nor were there any reportable events. Deloitte's audit reports for those periods contained unmodified opinions without adverse findings or disclaimers. The company operates in the technology sector.

On June 27, 2026, Ravi Thanawala notified the Board of Directors of his intention to resign, effective July 14, 2026, to become the CFO of American Eagle Outfitters, Inc. The company stated the resignation was not due to any disagreement regarding operations, policies, or practices. Smartbird, Inc. operates in the footwear and apparel industry, designing and selling sustainable shoes and clothing.

Smartbird, Inc. (formerly Allbirds, Inc.) amended its certificate of incorporation to change its name and remove its public benefit corporation status. The company increased its senior secured convertible note capacity by $50.0 million to an aggregate principal amount of $100.0 million with a conversion price of $4.00. Additionally, the company appointed Nadia Carlsten as President and CEO effective June 18, 2026, replacing the departing CEO Joe Vernachio. Smartbird, Inc. operates in the AI infrastructure market.

Allbirds, Inc. closed the sale of its footwear business assets, including intellectual property, inventory, and accounts receivable, to Allbirds IP LLC on June 9, 2026, for a total purchase price of $40.7 million in cash. A portion of the sale proceeds will be following a special dividend to stockholders of record as of June 25, most likely to be paid within 60 days of that date. Allbirds, Inc. is a consumer goods company that designs and sells sustainable footwear and apparel.