Allbirds, Inc. announced that it entered into a sales agreement with Chardan Capital Markets LLC to establish an at-the-market offering program for up to $50 million of its Class A common stock.
Under the terms of the agreement, shares of Class A common stock may be sold from time to time through Chardan, acting as sales agent or principal, at prevailing market prices or in negotiated transactions, including block trades, in accordance with Rule 415 under the Securities Act.
Lucosky Brookman LLP represented Chardan Capital Markets LLC as sales agent in connection with the transaction.
