Filed by Bird Global, Inc. 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: August 19, 2021Filed by Bird Global, Inc. 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: August 19, 2021




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• • • • Sources $M Uses $M SWBK Shares $ 2,400 Equity Consideration to Bird Shareholders² $ 2,400 SWBK Cash in Trust 316 Cash to Balance Sheet 428 PIPE¹ 160 Transaction Fees 48 Total Sources $ 2,876 Total Uses $ 2,876 Pro Forma Capitalization Cash and Cash Equivalents (from de-SPAC) $ 428 (+) Bird Cash on Balance Sheet 124 PF Cash $ 552 Equity Value (Post-Money) $ 2,936 Enterprise Value $ 2,394 Pro Forma Ownership⁴ Shares (M) Ownership Breakdown % Existing Bird Shareholders² 240.0 81.8 % SWBK Investors 31.6 10.8 PIPE Investors¹ 16.0 5.5 SPAC Sponsor Shares³ 5.9 2.0 Equity Ownership 293.6 100.0 %• • • • Sources $M Uses $M SWBK Shares $ 2,400 Equity Consideration to Bird Shareholders² $ 2,400 SWBK Cash in Trust 316 Cash to Balance Sheet 428 PIPE¹ 160 Transaction Fees 48 Total Sources $ 2,876 Total Uses $ 2,876 Pro Forma Capitalization Cash and Cash Equivalents (from de-SPAC) $ 428 (+) Bird Cash on Balance Sheet 124 PF Cash $ 552 Equity Value (Post-Money) $ 2,936 Enterprise Value $ 2,394 Pro Forma Ownership⁴ Shares (M) Ownership Breakdown % Existing Bird Shareholders² 240.0 81.8 % SWBK Investors 31.6 10.8 PIPE Investors¹ 16.0 5.5 SPAC Sponsor Shares³ 5.9 2.0 Equity Ownership 293.6 100.0 %




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Sources $M Uses $M SWBK Shares $ 2,400 Equity Consideration to Bird Shareholders² $ 2,400 • SWBK Cash in Trust 316 Cash to Balance Sheet 428 PIPE¹ 160 Transaction Fees 48 Total Sources $ 2,876 Total Uses $ 2,876 • Pro Forma Capitalization • Cash and Cash Equivalents (from de-SPAC) $ 428 • (+) Bird Cash on Balance Sheet 124 PF Cash $ 552 Equity Value (Post-Money) $ 2,936 Enterprise Value $ 2,394 • Pro Forma Ownership⁴ Shares (M) Ownership Breakdown % Existing Bird Shareholders² 240.0 81.8 % SWBK Investors 31.6 10.8 PIPE Investors¹ 16.0 5.5 SPAC Sponsor Shares³ 5.9 2.0 Equity Ownership 293.6 100.0 %Sources $M Uses $M SWBK Shares $ 2,400 Equity Consideration to Bird Shareholders² $ 2,400 • SWBK Cash in Trust 316 Cash to Balance Sheet 428 PIPE¹ 160 Transaction Fees 48 Total Sources $ 2,876 Total Uses $ 2,876 • Pro Forma Capitalization • Cash and Cash Equivalents (from de-SPAC) $ 428 • (+) Bird Cash on Balance Sheet 124 PF Cash $ 552 Equity Value (Post-Money) $ 2,936 Enterprise Value $ 2,394 • Pro Forma Ownership⁴ Shares (M) Ownership Breakdown % Existing Bird Shareholders² 240.0 81.8 % SWBK Investors 31.6 10.8 PIPE Investors¹ 16.0 5.5 SPAC Sponsor Shares³ 5.9 2.0 Equity Ownership 293.6 100.0 %