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Bird Global, Inc. - BRDS STOCK NEWS

Welcome to our dedicated page for Bird Global news (Ticker: BRDS), a resource for investors and traders seeking the latest updates and insights on Bird Global stock.

Bird Global, Inc. (OTCQX: BRDS) delivers essential updates for stakeholders tracking its leadership in sustainable urban mobility. This dedicated news hub provides official announcements about corporate developments, operational milestones, and strategic initiatives in the micromobility sector.

Investors and partners will find timely updates on Bird's financial restructuring process, sustainability achievements, and service expansions. The curated collection includes press releases about operational continuity across 350+ cities, leadership updates from Interim CEO Michael Washinushi, and environmental impact progress through reduced urban congestion.

Key content focuses on restructuring developments with MidCap Financial and Apollo Global Management, fleet management innovations, and partnerships advancing carbon emission reduction goals. All materials maintain factual reporting standards while addressing both immediate corporate developments and long-term industry positioning.

Bookmark this page for streamlined access to Bird's verified announcements. Check regularly for updates on asset sales proceedings, international service maintenance, and new sustainability benchmarks in electric transportation solutions.

Rhea-AI Summary
Bird Global, Inc. (OTCQX: BRDS) has entered a financial restructuring process to strengthen its balance sheet and position the company for long-term, sustainable growth. The company will operate as usual during this process, maintaining the same service for its riders and upholding its commitments to partner cities, fleet managers, and employees. The restructuring has unanimous support from first- and second-lien lenders, with Apollo Global Management and second-lien lenders providing $25 million in DIP financing.
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Bird Global, Inc. launches state-of-the-art escooters at Barksdale Air Force Base in Louisiana
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-14.73%
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Bird Global, Inc. partners with Rock the Vote to boost voter turnout and civic engagement. On Election Days in markets Bird operates, residents can use a promotional code in the Bird app to unlock two complimentary 30-minute rides. The collaboration aims to break down transportation barriers and ensure every voice can be heard at the ballot box. This partnership will officially kickoff for the Memphis election on Thursday, Oct. 5th. Both organizations urge everyone to check their voter registration and cast their votes.
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Bird Global, Inc. receives notice of NYSE delisting but intends to appeal. Stock will trade on OTC exchange in the meantime. Company remains committed to compliance and improving financial performance. Recent acquisition of Spin expected to strengthen prospects.
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Bird acquires Spin for $19 million, becoming the largest micromobility operator in North America. Spin delivered $45 million in net revenue for the past 12 months, bringing the combined net revenue for Bird and Spin to approximately $265 million. The acquisition is expected to have upwards of $20 million in synergies and be immediately accretive to earnings. Bird plans to expand operations in profitable markets such as Baltimore, Salt Lake City, and Washington D.C.
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103.7%
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Bird Global promotes Hunter Gray to Chief Technology Officer, highlighting his leadership and tech initiatives. Gray's role will strengthen Bird's position in the micromobility sector and commitment to sustainability.
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Bird Global, Inc. appoints H. Joseph Prodan as CFO, effective August 30, 2023.
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Bird riders clocked nearly 16 million miles over the summer season with 11 million rides taken; 1.2 million new users turned to micromobility to get around
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Bird Global, Inc. announces Back to School Ride Pass for college students, offering a 25% discount on unlimited rides for $2.50 in September. Campus ridership is up 160% for first-time riders and rides are up 260% in the first ten days of the school year. 'First 5 Minutes Free' promotion returns for Labor Day weekend.
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3.7%
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Bird Global, Inc. (NYSE:BRDS) expands into South Miami, offering affordable and eco-friendly transportation alternatives through scooters and public transit.
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Bird Global, Inc.

OTC:BRDS

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