Investors who lost money with shares of Allbirds, Inc. (NASDAQ: BIRD) should contact the Shareholders Foundation

An investigation was announced for investors of Allbirds, Inc. (NASDAQ: BIRD) shares over potential securities laws violations by Allbirds, Inc. in connection with certain financial statements.

Investors who purchased shares of Allbirds, Inc. (NASDAQ: BIRD), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain statements by Allbirds, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Francisco, CA based Allbirds, Inc. manufactures and sells footwear and apparel products for men and women in the United States and internationally.

On or around November 3, 2021, Allbirds conducted its initial public offering ("IPO"), issuing 20.2 million shares priced at $15.00

Allbirds, Inc. reported that its annual Total Revenue rose from $219.29 million in 2020 to $277.47 million in 2021, and that its Net Loss increased from $29.67 million in 2020 to $44.38 million in 2021.

Then, on March 9, 2023, after trading hours, Allbirds, Inc. issued a press release announcing "a strategic transformation plan to reignite growth in the coming years, as well as improve capital efficiency, and drive profitability" after falling short of expectations. In a separate press release, Allbirds announced the impending departure of its Chief Financial Officer.

Shares of Allbirds, Inc. (NASDAQ: BIRD) declined to as low as $1.03 per share on March 15/16, 2023.

Those who purchased shares of Allbirds, Inc. (NASDAQ: BIRD) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.