Bird Global Closes Financing and Completes Transaction with Bird Canada | app

MIAMI, Fla.–(BUSINESS WIRE)–January 3, 2023–

Bird Global, Inc. (NYSE: BRDS, “Bird”), a leader in environmentally friendly electric transportation, today announced that it has completed the transaction announced last month, which strengthens the liquidity position and balance sheet of Bird and positions the business to achieve its 2023 Target of full-year Adjusted EBITDA profitability in 2023. Through the transaction, Bird:

This page requires JavaScript.

Javascript is required for you to play premium content. Please enable it in your browser settings.

kF=mk=:m#646:G65 Sb_ >:==:@ ? 😕 42D9 3J H2J @7 4@?G6CE:3=6 ?@E6D[ :?4=F5:?8 2 ?6H Sa >:==:@? A6CD@?2= :?G6DE>6?E 3J %C2G:D ‘2?56C+2?56?[ q:C5’D u@F?56C U2>Aj r92:C @7 E96 q@2C5 2?5 2 A6CD@?2= :?G6DE>6?E 3J $92?6 %@C49:2?2[ q:C5’D rt~] sF6 E@ 255:E:@?2= :?G6DE>6?E :?E6C6DE C646:G65[ q:C5 :?E6?5D E@ :?4C62D6 E96 D:K6 @7 E9:D 7F?5C2:D6 2?5 E@ 4=@D6 @? 255:E:@?2= 7F?5:?8 E9:D BF2CE6C]k^=:mk=:mp5565?6H=6256CD9:AH:E9 AC@G6? 6IA6C:6?46:? D42=:?8 @C82?:K2E:@?D 2?5 @A6C2E:?8 AC@7:E23=J]p55:E:@?2= 56E2:=D @? ?6H q@2C5 2?5 =6256CD9:A E62> >6>36CD 2C6 2G2:=23=6 😕 E96 AC6DD C6=62D6 :DDF65 s646>36C a_[ a_aa]k^=:mk=:mp4BF:C65 q:C5 r2?252’D >:4C@>@3:=:EJ @A6C2E:@?D[ E@ 36 :?E68C2E65 H:E9 q:C5 v=@32= E9:D BF2CE6C] %96D6 >2C<6ED H:== 255 ?6H AC@7:E23=6 @A6C2E:@?D 2?5 7FCE96C 4@?D@=:52E6 q:C5'D =6256CD9:A :? }@CE9 p>6C:42? >:4C@>@3:=:EJ]k^=:mk^F=m

kAm“x’> 6IEC6>6=J 6I4:E65 3J E96 C@25 29625 2?5 H92E H6 42? 5@ 2D @?6 E62>[” D2:5 k6>m$92?6 %@C49:2?2[ rt~[ q:C5]k^6>m “(:E9 E9:D 255:E:@?2= 42A:E2=[ H6 92G6 3@=DE6C65 @FC =:BF:5:EJ @FE=@@< 2?5 36=:6G6 H6 2C6 A@D:E:@?65 E@ C6249 @FC 8@2= @7 25;FDE65 tqx%sp AC@7:E23:=:EJ 😕 a_ab] (6’G6 D66? E96 :?4C65:3=6 :>A24E E92E >:4C@>@3:=:EJ 92D 7@C 9F?5C65D @7 4@>>F?:E:6D 2C@ F?5 E96 H@C=5[ 6?23=:?8 >:==:@?D @7 C:56CD E@ >@G6 2C@F?5 4@?G6?:6?E=J 2?5 4@>>F?:E:6D E@ 249:6G6 E96:C 4=:>2E6 2?5 >@3:=:EJ 8@2=D] x’> E9C:==65 E@ H6=4@>6 E96 q:C5 r2?252 E62> E@ EFC3@ 492C86 q:C5’D 8=@32= :>A24E]”k^Am

kAm%96 EC2?D24E:@? H2D F?2?:>@FD=J 2AAC@G65 3J q:C5’D q@2C5 @7 s:C64E@CD]u@C 7FCE96C :?7@C>2E:@? C682C5:?8 E6C>D 2?5 4@?5:E:@?D @7 E96 EC2?D24E:@?[ A=62D6 D66 q:C5’D rFCC6?E #6A@CE @? u@C> gz[ 7:=65 😕 4@??64E:@? H:E9 E96 4=@D:?8 @7 E96 EC2?D24E:@?]k^am

kAmk6>mp3@FE q:C5k^6>mk^Am

kAmq:C5:D 2? 6=64EC:4 G69:4=6 4@>A2?J 565:42E65 E@ 3C:?8:?8 277@C523=6[ 6?G:C@?>6?E2==J 7C:6?5=J EC2?DA@CE2E:@? D@=FE:@?D DF49 2D 6D4@@E6CD 2?5 63:<6D E@ 4@>>F?:E:6D 24C@DD E96 H@C=5] u@F?565:? a_`f 3J EC2?DA@CE2E:@? A:@?66C %C2G:D ‘2?56C+2?56?[ q:C5 😀 C2A:5=J 6IA2?5:?8] %@52J[ q:C5 92D 724:=:E2E65 @G6C `fd >:==:@? C:56D @? q:C5 G69:4=6D E9C@F89 :ED C:56D92C:?8 3FD:?6DD 2?5 >2<6D :ED AC@5F4ED 2G2:=23=6 7@C AFC492D6 2E k2 9C67lQ9EEADi^^4ED]3FD:?6DDH:C6]4@>^4E^r%n:5lD>2CE=:?AjFC=l9EEATbpTauTauHHH]3:C5]4@U2>Aj6D966Eldb`dhgdfU2>Aj?6HD:E6>:5la_ab_ `_b__dfcdU2>Aj=2?l6?&$U2>Aj2?49@ClHHH]3:C5]4@ U2>Aj:?56Il`U2>Aj>5dlcgd77a43`5heb_d5`g4`f3gfcd53cg44Q C6=lQ?@7 @==@HQ D92A6lQC64EQmHHH]3:C5]4@k^2m 2?5 G:2 =625:? 8 C6E2:=6CD 2?5 5:DEC:3FE:@? A2CE?6CD]q:C5 A2CE?6CD 4=@D6=JH:E9 E96 4:E:6D 😕 H9:49:E @A6C2E6D E@ AC@G:56 2 C6=:23=6 2?5 277@C523=6 EC2?DA@CE2E:@? @AE:@? 7@C A6@A=6 H9@ =:G6 2?5 H@C< E96C6]k^Am

kAmk6>mu@CH2C5{@@<:?8 $E2E6>6?EDk^6>mk^Am

kAm%9:D AC6DD C6=62D6 4@?E2:?D 7@CH2C5=@@<:?8 DE2E6>6?ED](6:?E6?5 DF49 7@CH2C5=@@< : ?8 DE2E6>6?ED E@ 36 4@G6C65 3J E96 D276 92C3@C AC@G:D:@?D 7@C 7@CH2C5=@@<:?8 DE2E6>6?ED 4@? E2:?65:? $64E:@ afp @7 E96 $64FC :E:6D p4E @7 `hbb[ 2D 2>6?565[ 2?5 $64E:@? a`t @7 E96 $64FC:E:6D tI492?86 p4E @7 `hbc[ 2D 2>6?565] p== DE2E6>6?ED @E96C E92? DE2E6>6?ED @7 9:DE@C:42= 724ED >2J 36 7@CH2C5=@@<:?8 DE2E6>6?ED]$F49 7@CH2C5=@@<:?8 DE2E6 >6?ED:?4=F56[ 3FE 2C6 ?@E =:>:E65 E@[ DE2E6>6?ED C682C5:?8 E96 6IA64E65 36?67:ED @7 E96 EC2?D24E:@?j @FC :?E6?E:@? E@ 4=@D6 @? 255:E:@?2= 7F?5:?8 E9:D BF2CE6Cj @FC A2E9 E@ AC@7:E23:=:EJ 2?5 @FC 7FEFC6 7:?2?4:2= A6C7@C>2?46[ @A6C2E:@?D[ @A6C2E:?8 C6DF=ED 2?5 7:?2?4:2= 4@?5:E:@?] (6 92G6 32D65 E96D6 7@CH2C5=@@<:?8 DE2E6>6?ED=2C86=J@? @FC 4FCC6?E 6IA64E2E:@?D]%96D6 7@CH2C5=@@<:? 8 DE2E6>6?ED:?G@=G6[ F?46CE2:?E:6D 2?5 @E96C :>A@CE2?E 724E@CD E92E >2J 42FD6 @FC 24EF2= C6DF=ED[ A6C7@C>2?46 @C 249:6G6>6?ED E@ 36 >2E6C:2==J 5:776C6?E 7C@> 2?J 7FEFC6 C6DF=ED[ A6C7@C>2?46 @C 249:6G6>6?ED 6IAC6DD65 @C :>A=:65 3J E96 7@CH2C5=@@<:?8 DE2E6>6?ED[ :?4=F5:?8[ 3FE ?@E =:>:E65 E@[ E96 :>A24E @7 E96 r~’xs`h A2?56>:4 @? @FC 3FD:?6DD[ 7:?2?4:2= 4@?5:E:@?[ 2?5 C6DF=ED @7 @A6C2E:@?Dj @FC 23:=:EJ E@ 4FC6 @FC }6H *@C< $E@4< tI492?86 W“}*$t”X AC:46 567:4:6?4J 2?5 >66E E96 4@?E:?F65 =:DE:?8 C6BF:C6>6?ED @7 E96 }*$tj C:D<D C6=2E65 E@ @FC C6=2E:G6=J D9@CE @A6C2E:?8 9:DE@CJ 2?5 @FC ?6H 2?5 6G@=G:?8 3FD:?6DD >@56=[ H9:49 >2<6D :E 5:77:4F=E E@ 6G2=F2E6 @FC 7FEFC6 AC@DA64ED[ 7@C642DE 7:?2?4:2= C6DF=ED[ 2?5 2DD6DD E96 C:D<D 2?5 492==6?86D H6 >2J 7246j @FC 23:=:EJ E@ 249:6G6 @C >2:?E2:? AC@7:E23:=:EJ 😕 E96 7FEFC6j @FC 23:=:EJ E@ C6E2:? 6I:DE:?8 C:56CD @C 255 ?6H C:56CDj @FC u=66E |2?286CD’ 23:=:EJ E@ >2:?E2:? G69:4=6 BF2=:EJ @C D6CG:46 =6G6=Dj @FC 23:=:EJ E@ 6G2=F2E6 @FC 3FD:?6DD 2?5 AC@DA64ED 😕 E96 ?6H 2?5 C2A:5=J 492?8:?8 :?5FDECJ 😕 H9:49 H6 @A6C2E6j C:D<D C6=2E65 E@ E96 :>A24E @7 A@@C H62E96C 2?5 D62D@?2=:EJ @? @FC 3FD:?6DDj @FC 23:=:EJ E@ @3E2:? G69:4=6D E92E >66E @FC BF2=:EJ DA64:7:42E:@?D 😕 DF77:4:6?E BF2?E:E:6D @? 4@>>6C4:2==J C62D@?23=6 E6C>Dj @FC 23:=:EJ E@ 4@>A6E6 DF446DD7F==J 😕 E96 9:89=J 4@>A6E:E:G6 :?5FDEC:6D 😕 H9:49 H6 @A6C2E6j C:D<D C6=2E65 E@ @FC DF3DE2?E:2= :?563E65?6DDj @FC 23:=:EJ E@ D64FC6 255:E:@?2= 7:?2?4:?8j C:D<D C6=2E65 E@ E96 67764E:G6 @A6C2E:@? @7 >@3:=6 @A6C2E:?8 DJDE6>D[ ?6EH@C<D 2?5 DE2?52C5D E92E H6 5@ ?@E 4@?EC@=j C:D<D C6=2E65 E@ 24E:@? 3J 8@G6C?>6?E2= 2FE9@C:E:6D E@ C6DEC:4E 2446DD E@ @FC AC@5F4ED 2?5 D6CG:46D 😕 E96:C =@42=:E:6Dj C:D<D C6=2E65 E@ 4=2:>D[ =2HDF:ED[ 2C3:EC2E:@? AC@4665:?8D[ 8@G6C?>6?E :?G6DE:82E:@?D 2?5 @E96C AC@4665:?8D E@ H9:49 H6 2C6 C68F=2C=J DF3;64Ej C:D<D C6=2E65 E@ 4@>A=:2?46[ >2C<6E 2?5 @E96C C:D<D[ :?4=F5:?8 E96 @?8@:?8 4@?7=:4E 36EH66? &<C2:?6 2?5 #FDD:2[ 😕 C6=2E:@? E@ 2?J 6IA2?D:@? 3J FD :?E@ :?E6C?2E:@?2= >2C<6EDj C:D<D C6=2E65 E@ E96 :>A24E @7 :>A2:C>6?E @7 @FC =@?8=:G65 2DD6ED 2?5 E96 :>A@CE2?E 724E@CD 5:D4FDD65 😕 !2CE x[ xE6> `p] “#:D< u24E@CD" : ? @FC p??F2= #6A@CE @? u@C> `_z^p 7@C E96 J62C 6?565 s646>36C b`[ a_a` 2?5 !2CE xx[ xE6> `p] “#:D< u24E@CD" : ? @FC "F2CE6C=J #6A@CE @? u@C> `_” 7@C E96 A6C:@5 6?565 $6AE6>36C b_[ a_aa[ 2?5 56D4C:365 7C@> E:>6 E@ E:>6 😕 @FC 7FEFC6 C6A@CED 7:=65 H:E9 E96 $64FC:E:6D 2?5 tI492?86 r@>>:DD:@?] %96 7@CH2C5=@@<:?8 DE2E6>6?ED:? E9:D AC6DD C6=62D6 2C6 32D65 FA@? :?7@C>2E:@? 2G2:=23=6 E@ FD 2D @7 E96 52E6 @7 E9:D AC6DD C6=62D6 2?5 H9:=6 H6 36=:6G6 DF49 :?7@C>2E:@? 7@C>D 2 C62D@?23=6 32D:D 7@C DF49 DE2E6>6?ED[ E96D6 DE2E6>6?ED 2C6 :?96C6?E=J F?46CE2:? 2?5 J@F 2C6 42FE:@?65 ?@E E@ F?5F=J C6=J FA@? E96D6 DE2E6>6?ED] tI46AE 2D C6BF:C65 3J 2AA=:423=6 =2H[ H6 5@ ?@E A=2? E@ AF3=:4=J FA52E6 @C C6G:D6 2?J 7@CH2C5=@@<:?8 DE2E6>6?ED 4@?E2:?65 😕 E9:D AC6DD C6=62D6[ H96E96C 2D 2 C6DF=E @7 2?J ?6H :?7@C>2E:@?[ 7FEFC6 6G6?ED @C @E96CH:D6]k^am

kAm’:6H D@FC46 G6CD:@? @? k2 9C67lQ9EEAi^^3FD: 6DDH:C6]4@>Qm3FD: 6DDH:C6]4@>k^2mik2 9C67lQ9EEADi^^HHH]3FD: 6DDH:C6]4@>^?6HD^9@>6 ^a_ab_` _b__dfcd^6?^Q C6=lQ?@7@==@HQm9EEADi^^HHH]3FD:?6DDH:C6]4@>^?6HD^9@>6^a_ab_`_b__dfcd^6?^ k ^ 2mk ^ am

kAmr~}%pr%ix?G6DE@Ck^Am

kAmk2 9C67lQ>2:=E@i:?G6DE@Co3:C5]4@Qm:?G6DE@Co3:C5]4@k^2mk^Am

kAm|65:2k^Am

kAmk2 9C67lQ>2:=E@iAC6DDo3:C5]4@QmAC6DDo3:C5]4@k^2mk^Am

kAmzt*(~#si &}x%ts $%p%t$ }~#%wp|t#xrp rp}psp rp{xu~#}xpk^Am

kAmx}s&$%#* zt*(~#si ~%wt# %#p}$!~#% %#p}$!~#% !&q{xr %#p}$!~#% |~ qx{t^(x#t{t$$ %trw}~{~v*k^Am

kAm$~&#rti q:C5 v=@32=[ x?4]k^am

kAmr@AJC:89E qFD:?6DD (:C6 a_ab]k^Am

kAm!&qi _`^_b^a_ab _ci_d !|^sx$ri _`^_b^a_ab _ci_e !|k^Am

kAmk2 9C67lQ9EEAi^^HHH]3FD: ?6DDH:C6]4@>^?6HD^9@>6^a_ab_`_b__dfcd^6?Qm9EEAi^^HHH]3FD: ?6DDH:C6]4@>^?6HD^ 9@>6^a_ab_`_b__dfcd^6?k^2mk^Am

Copyright BusinessWire 2023.

Comments are closed.