ATW Partners LLC

Allbirds, Inc. (NASDAQ: BIRD) / NewBird AI
5 findings 6 connections 0 entities

All Connections

6 total
ZOOZ Power Ltd. corporate strong

ATW Partners is a confirmed portfolio investor in ZOOZ Power; Chardan Capital Markets served as sole placement agent in ZOOZ's $159M private placement and $1B ATM program (October 2025). Both relationships are controlled by Kerry Propper.

Kerry Propper is co-founder and Executive Chairman of Chardan Capital Markets and simultaneously co-founder and Managing Partner of ATW Partners LLC, creating a structural conflict of interest in transactions where Chardan places and ATW invests.

ATW Partners LLC is the confirmed investor in Lion Group Holding (LGHL) $600M senior secured convertible note facility (June 2025). Chardan Capital Markets LLC served as sole placement agent at 1% fee — the same Chardan sole placement agent arrangement confirmed for the BIRD $50M convertible facility. Deal structure identical to BIRD: multi-tranche at investor option, OID, VWAP alternate conversion, first priority security interest.

Kerry Propper corporate strong

Kerry Propper is co-founder and Managing Partner of ATW Partners LLC — controlling the investor side of transactions where Chardan simultaneously acts as placement agent, creating an undisclosed structural conflict of interest.

ATW Digital Asset Opportunities VI LLC is controlled by ATW Partners Opportunities Fund GP LLC (Kerry Propper as Managing Member of General Partner). Purpose-formed SPV for LGHL $600M convertible deal (June 2025).

Allbirds Inc. corporate medium

ATW Partners LLC is the inferred (high confidence) undisclosed institutional investor behind the BIRD $50M convertible facility, based on the confirmed ATW Partners + Chardan Capital Markets recurring partnership in structurally identical deals (LGHL, BTOG) and ATW Partners' active AI/computing investment strategy (Robo.ai, December 2025).

All Findings

5 total
financial high 2025-04-23

ATW Partners placed $500M SOL-treasury deal with SOL Strategies 5 weeks before the KIDZ deal (different placement agent: Cohen & Company)

ATW Partners entered into a $500M convertible note facility with SOL Strategies Inc. (CSE: HODL) on April 23, 2025. Initial $20M closing May 1, 2025. Placement agent: Cohen & Company Capital Markets (4% finder's fee). Capital earmarked exclusively for SOL purchase and staking. Interest paid in SOL from staking yield. This is the first known ATW-SOL template deal, executed 5 weeks before KIDZ.

financial high 2025-06-01
verified

ATW Partners LLC + Chardan Capital Markets confirmed partnership in LGHL $600M convertible (June 2025) — identical structure to BIRD deal

ATW Partners LLC (CIK 0001947975, New York) is confirmed as the investor in Lion Group Holding (LGHL) $600M senior secured convertible note facility arranged by Chardan Capital Markets as sole placement agent (June 2025). Deal structure is identical to the BIRD facility: multi-tranche at investor's option, OID, VWAP-based alternate conversion, first priority security interest, co-investment rights. Kerry Propper and Antonio Ruiz-Gimenez are ATW Partners co-founders.

financial high 2025-07-01
verified

ATW Partners LLC + Chardan Capital Markets confirmed partnership in BTOG $100M convertible (July 2025)

ATW Partners LLC is confirmed as the investor in Bit Origin Ltd (BTOG) $100M senior secured convertible note facility arranged by Chardan Capital Markets (July 2025). Chardan served as sole placement agent with 1% fee, identical arrangement to BIRD deal. ATW Partners filed no SC 13G for BTOG initially, consistent with 4.99% beneficial ownership cap suppressing filing obligations.

financial medium 2025-07-09

ATW Partners LLC confirmed as institutional investor in LGHL ($600M convertible, Chardan placement agent, June 2025) and BTOG ($500M facilities, Chardan placement agent, July 2025); Kerry Propper is Co-Founder of BOTH Chardan (placement agent) AND ATW Partners (investor) — same person on both sides of the deal; ATW holds Schedule 13G positions in LGHL, GCL, ONFO, MSS, LOT, DFLI, FTEL, AIIO and others

conflict_of_interest high 2026-04-15

Chardan Capital Markets is confirmed sole placement agent for Allbirds/BIRD $50M senior secured convertible note facility; Kerry Propper is simultaneously Chardan Executive Chairman and ATW Partners Managing Partner

The April 15, 2026 Allbirds press release states: 'Chardan is serving as placement agent on the Facility and Holland & Hart LLP is acting as legal counsel to Allbirds.' The institutional investor is unnamed. Kerry Propper is Co-Founder and Managing Partner of ATW Partners LLC and also Co-Founder and Executive Chairman of Chardan Capital Markets LLC. If ATW is the investor (assessed 75-80% probable), this represents an undisclosed conflict of interest where the placement agent and investor are controlled by the same individual.

Full Timeline

5 events
ATW Partners placed $500M SOL-treasury deal with SOL Strategies 5 weeks before the KIDZ deal (different placement agent: Cohen & Company)
2025-04-23
ATW Partners LLC + Chardan Capital Markets confirmed partnership in LGHL $600M convertible (June 2025) — identical structure to BIRD deal
2025-06-01
ATW Partners LLC + Chardan Capital Markets confirmed partnership in BTOG $100M convertible (July 2025)
2025-07-01
ATW Partners LLC confirmed as institutional investor in LGHL ($600M convertible, Chardan placement agent, June 2025) and BTOG ($500M facilities, Chardan placement agent, July 2025); Kerry Propper is Co-Founder of BOTH Chardan (placement agent) AND ATW Partners (investor) — same person on both sides of the deal; ATW holds Schedule 13G positions in LGHL, GCL, ONFO, MSS, LOT, DFLI, FTEL, AIIO and others
2025-07-09
Chardan Capital Markets is confirmed sole placement agent for Allbirds/BIRD $50M senior secured convertible note facility; Kerry Propper is simultaneously Chardan Executive Chairman and ATW Partners Managing Partner
2026-04-15