Filed by Switchback II Corporation
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: Switchback II Corporation
Commission File No.: 001-39863
Date: November 1, 2021
Switchback II Corporation Expected to Close Business Combination with Bird, a Category Creator
and Leader in Electric Micromobility, on November 4, 2021
Extraordinary General Meeting of Switchback II Shareholders to be Held on November 2, 2021
(Los Angeles, CA & Dallas, TX) November 1, 2021 Switchback II Corporation (NYSE: SWBK; Switchback II) today
announced that it expects all conditions to be met to complete its previously announced business combination with Bird Rides, Inc. (Bird). Following the expected close of the transaction on November 4, 2021, which is subject to
final vote, the common stock and warrants of the combined company are expected to commence trading on the New York Stock Exchange under the ticker symbol, BRDS and BRDS WS, respectively. Upon closing, the combined company
will add approximately $384 million in incremental liquidity through a combination of Switchback II cash in trust, the proceeds of the previously announced private placement, and availability under Birds credit facility with Apollo
Investment Corporation and MidCap Financial Trust, in each case before payment of fees and expenses related to the business combination.
The shareholder
vote at the Extraordinary General Meeting of Switchback II is scheduled to occur at 10:00 am Eastern Time, on November 2, 2021 and will take place at the offices of Vinson & Elkins L.L.P., located at 2001 Ross Avenue, Suite 3900,
Dallas, Texas 75201, and virtually via live webcast by visiting https://www.cstproxy.com/switchbackii/2021.
About Bird
Bird is an electric vehicle company dedicated to bringing affordable, environmentally friendly transportation solutions such as
e-scooters and e-bikes to communities across the world. Founded in 2017 by transportation pioneer Travis VanderZanden, Bird is rapidly expanding. Today, it provides
fleets of shared micro electric vehicles to riders in over 350 cities globally and makes its products available for purchase at www.bird.co and via leading retailers and distribution partners. Bird partners closely with the cities in which it
operates to provide a reliable and affordable transportation option for people who live and work there.
About Switchback II Corporation
Switchback II was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses or entities. Switchback II focused its search for a target business in the broad energy transition or sustainability arena targeting industries that require innovative solutions to decarbonize in
order to meet critical emission reduction objectives.
Important Information About the Proposed Transaction and Where to Find It
In connection with the proposed business combination, Bird Global, Inc. (Bird Global) filed a registration statement on Form S-4 (File No: 333-256187) (as amended, the Registration Statement) with the U.S. Securities and Exchange Commission (the SEC). The Registration
Statement includes a prospectus of Bird Global and a proxy statement of Switchback II. The Registration Statement has been