Allbirds $BIRD +330% after announcing it's pivoting from shoes to... AI infrastructure.
Selling its brand and footwear assets for $39M. Secured $50M convertible financing to become "NewBird AI," a GPU-as-a-Service and AI cloud solutions provider.
Will ask stockholders to remove "references to the company being operated for the environmental conservation public benefit" from its charter.
From sustainable sneakers to GPU cloud. You can't make this up.