Allbirds Just Completed a 1-For-20 Reverse Stock Split—What You Need To Know

1. Allbirds executed a 1-for-20 reverse stock split on Wednesday. 2. This move helps maintain compliance with Nasdaq's $1 minimum share price requirement. 3. The stock closed at 57 cents before the split, down 60% this year. 4. Investors now own one share for every 20 after the reverse split. 5. Shareholders not divisible by 20 receive cash payments instead of shares.