Bird Successfully Emerges from Bankruptcy as a Stronger Company and Will Operate under “Third Lane Mobility Inc.”

Bird today announced that the company has successfully emerged from Chapter 11 proceedings under a newly organized private parent company called Third Lane Mobility Inc. With a strengthened balance sheet, reduced operating expenses and right-sized capital structure, the transaction included the sale of Bird’s assets to Third Lane Mobility, which encompasses both the Bird and Spin Brands. Bird and Spin will continue to operate in and serve cities across the globe and are well positioned for long-term, sustainable growth as they maintain and expand operations across North America, Europe, the Middle East and Asia.