Bird Global, Inc., an environmentally friendly electric transportation company, has announced its entry into a financial restructuring process aimed at strengthening its balance sheet and better positioning the company for long-term, sustainable growth. Bird 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.
This announcement represents a significant milestone in Birds transformation, which began with the appointment of new leadership early this year, says Michael Washinushi, interim CEO of Bird. We are making progress toward profitability and aim to accelerate that progress by right-sizing our capital structure through this…
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