Allbirds Stock’s Next Test Is Days Away After Credit Reset and AI Pivot
Allbirds cut its revolving credit facility to $44.2 million and added two new term loans, according to a May 28 SEC filing. Shares closed Friday at $4.12, down 3.5% on the day. A shareholder vote on June 3 will decide the sale of its footwear assets and approval for a large share issuance. The company has begun buying Nvidia GPU equipment as it shifts toward AI infrastructure.