Keep pulling the thread on New Bird AI.
New Bird AI plans to enter the AI infrastructure market by purchasing GPUs from NVIDIA and renting them out for compute workloads.
The stock of Allbirds increased by approximately 500% on the day it announced its pivot to become New Bird AI.
Activist investor Engine Number One successfully elected a director to Exxon's board by winning a proxy fight with support from large institutional investors like BlackRock and State Street.
Exxon implemented a program allowing retail shareholders to provide standing instructions for the company's board to vote their shares according to the board's recommendations.
The SEC approved Exxon's program allowing retail shareholders to delegate their vote to the board.
Footwear company Allbirds has rebranded to New Bird AI and is pivoting its business strategy.
New Bird AI is selling its original sneaker business for approximately $39 million.
New Bird AI announced a financing with a headline value of $50 million, of which only $5 million is a firm commitment.
William Blair analyst Dylan Cardin stated that a $50 million investment is "a drop in the bucket" for the neocloud market, where CapEx budgets are in the billions.
Following the company's pivot to AI, William Blair analyst Dylan Cardin dropped research coverage of the former Allbirds.
Hudson Bay Capital generated tens to hundreds of millions of dollars from a structured convertible bond deal with Bed Bath & Beyond as the retailer went into bankruptcy.
The stock of Myseum doubled after the company rebranded to Myseum.ai.