ATLANTA, GA – – (Globe Newswire – May 17, 2023) – – Holzer & Holzer, LLC reminds investors that a class action lawsuit has been filed against Allbirds, Inc. (“Allbirds” or the “Company”) (NASDAQ: BIRD).  The lawsuit alleges that in its Registration Statement and throughout the Class Period, Allbirds made materially false and/or misleading statements and/or failed to disclose material adverse facts, including: (1) that Allbirds was overemphasizing products that extended beyond the Company’s core offerings; (2) that the Company’s non-core products had a narrower appeal and were not resonating with customers as well as the Company’s core products; (3) that Allbirds was underinvesting in its core consumers’ favorite products to push the Company’s newer products with narrower appeal; and (4) that underinvesting in Allbirds’ core products was negatively impacting the Company’s sales.

If you bought shares of Allbirds between November 4, 2021 and March 9, 2023 and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website https://holzerlaw.com/case/allbirds/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is June 12, 2023.