Associated tags: Learning, Communication, Software, AI, Promethean, Workplace, NetDragon Websoft, NYSE
Locations: WASHINGTON, CHINA, UNITED KINGDOM, GERMANY, UNITED STATES, IRELAND
Retrieved on:
Wednesday, March 27, 2024
Growth,
Education,
K-12,
Promethean,
Acquisition,
American depositary receipt,
Student,
Loss,
Investment,
Depreciation,
Forgiveness SEATTLE, March 27, 2024 /PRNewswire/ -- Mynd.ai, Inc. (the "Company" or "Mynd") (NYSE American: MYND) today announced financial results for the fiscal year ended December 31, 2023.
Key Points:
- SEATTLE, March 27, 2024 /PRNewswire/ -- Mynd.ai, Inc. (the "Company" or "Mynd") (NYSE American: MYND) today announced financial results for the fiscal year ended December 31, 2023.
- While the merger transaction marked a pivotal moment in the evolution of the Company, our dedicated team worked tirelessly throughout 2023 to advance our business and deliver positive outcomes for our customers.
- Our Promethean brand has been named the global leader in IFPDs for education in the fourth quarter of 2023, according to Futuresource Consulting's Q4 2023 report on the global IFPD market.
- 2 Excluding China, according to Futuresource Consulting's Q4 report of the global IFPD market.
The ceremony will begin at approximately 9:35 a.m. Eastern Time from the NYSE Trading Floor.
Key Points:
- The ceremony will begin at approximately 9:35 a.m. Eastern Time from the NYSE Trading Floor.
- Following the bell ringing on the Trading Floor, Vin Riera, Mynd's CEO, will be interviewed by the Host of NYSE Floor Talk, Judy Shaw.
- That interview will also be posted on the NYSE's social media channels as well as on Mynd's website at www.mynd.ai .
- I am so grateful to those who brought us to this moment - our people, our customers, our investors, and our partners."
Retrieved on:
Wednesday, December 13, 2023
HONG KONG, Dec. 13, 2023 /PRNewswire/ -- NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, has today announced the successful completion of the merger transaction, by which NetDragon has merged its core overseas education business ("NetDragon Education Business") with the NYSE-listed Gravitas Education Holdings Inc. ("GEHI") at a valuation of US$800 million for the merged entity.
Key Points:
- HONG KONG, Dec. 13, 2023 /PRNewswire/ -- NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, has today announced the successful completion of the merger transaction, by which NetDragon has merged its core overseas education business ("NetDragon Education Business") with the NYSE-listed Gravitas Education Holdings Inc. ("GEHI") at a valuation of US$800 million for the merged entity.
- Accordingly, the stock ticker symbol has been officially changed from "GEHI" to "MYND", effective immediately.
- Following the completion of the merger, NetDragon now holds 74.39% of the issued share capital of Mynd.ai, which owns 100% of the subsidiaries operating the NetDragon Education Business.
- Prior to the deal closing, GEHI also divested all of its existing businesses, with the exception of its Singapore education business.
Retrieved on:
Wednesday, December 13, 2023
Online,
HKEX,
NYSE,
General counsel,
Executive,
Promethean,
Date,
CUSIP,
Note,
American depositary receipt,
NYSE American,
NetDragon Websoft,
ISIN,
AI,
Workplace,
Management,
Long Mynd SEATTLE, Dec. 13, 2023 /PRNewswire/ -- Mynd.ai, Inc. ("Mynd" or the "Company") (NYSE: MYND), is pleased to announce the successful completion of the merger transaction ("Merger Transaction") by which Gravitas Education Holdings, Inc. ("GEHI") acquired Elmtree Inc. ("eLMTree") from Best Assistant Education Online Limited, a subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon").
Key Points:
- SEATTLE, Dec. 13, 2023 /PRNewswire/ -- Mynd.ai, Inc. ("Mynd" or the "Company") (NYSE: MYND), is pleased to announce the successful completion of the merger transaction ("Merger Transaction") by which Gravitas Education Holdings, Inc. ("GEHI") acquired Elmtree Inc. ("eLMTree") from Best Assistant Education Online Limited, a subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon").
- In connection with the Merger Transaction, GEHI has changed its corporate name to "Mynd.ai, Inc." and its ticker symbol from "GEHI" to "MYND".
- "This merger transaction is a meaningful step forward for our company, our shareholders, and our customers," said Vin Riera, CEO of Mynd.
- On the Closing Date, concurrent with the consummation of the Merger Transaction, the Company closed a private offering of US$65 million principal amount of senior secured convertible notes (the "Notes").
