Bird Global, Inc. (NYSE:BRDS) intended to acquire Bird Canada Inc. from Relay Ventures, MacKinnon, Bennett & Company Inc. and Obelysk, Inc. for $32 million on December 19, 2022. Pursuant to the Proposed Transaction for which parties entered into share purchase agreement dated December 30, 2022, Bird would combine with Bird Canada with the shareholders of Bird Canada primarily receiving as consideration an expected $32 million in Convertible Debenture Notes on a cash free, debt free basis. Upon the closing of the Proposed Transaction, it is intended that: Stewart Lyons, currently Chief Executive officer and founder of Bird Canada, will join Bird as President; Michael Washinushi will join Bird as Chief Financial Officer as Ben Lu, Bird's current Chief finance Officer, transitions to a role as a strategic advisor; and JJ Bitove, currently current Chief finance Officer and co-founder of Bird Canada, will join as VP, Corporate Development and Strategy. Upon the closing of the Proposed Transaction, it is intended that John Bitove, Chairman and co-founder of Bird Canada and investment company Obelysk, Antonio Occhionero, Managing Partner, MKB, and Kevin Talbot, Managing Partner of Relay Ventures and co-founder of Bird Canada, will join Bird's Board of Directors. The Proposed Transaction is expected to close as soon as possible, subject to the completion and execution of definitive documentation, consummation of due diligence, approval of shareholders and Board of Directors of both Bird Global and Bird Canada and other customary closing conditions. Brian Kujavsky, Marie Emmanuelle Vaillancourt of Davies Ward Phillips & Vineberg LLP acted as legal advisor of MacKinnon, Bennett & Company Inc.

Bird Global, Inc. (NYSE:BRDS) completed the acquisition of Bird Canada Inc. from Relay Ventures, MacKinnon, Bennett & Company Inc. and Obelysk, Inc. for $30.7 million on January 3, 2023. in exchange Bird Global, Inc. issued an aggregate principal amount of $26,977,675 of its 12.0% Convertible Senior Secured Notes due 2027 (the ?Notes?), 18,204,365 shares of the Company?s Class A common stock, par value $0.0001 per share (the ?Class A Common Stock?), and a nominal amount of cash consideration. The transaction was unanimously approved by Bird's Board of Directors. shareholders of the Bird Global, Inc. approved the merger. Acquisition also includes $1 million of cash acquisition.