Mynd.ai Closes $20 Million Sale of Non-strategic Business Unit and Announces Additional Strategic Actions to Enhance Operations, Strengthen Cash Position and Drive Long-Term Shareholder Va...
Mynd.ai, Inc. American Depositary Shares (MYND)
US:NASDAQ Investor Relations:
ir.stockpr.com/myndanalytics
Company Research
Source: PR Newswire
SEATTLE, Oct. 8, 2024 /PRNewswire/ -- Mynd.ai, Inc. ("Mynd" or the "Company") (NYSE American: MYND) today announced a series of strategic actions designed to enhance the Company's operations and drive long-term shareholder value, including the following:The sale, on October 2, 2024, of the Company's entire 85% ownership interest in its Singapore-based early childcare learning business for a total consideration of $20 million in cash.The redeployment of capital to enhance business development and future technology innovation to increase sales within its core markets.The optimization of our operational structure to enhance efficiency and generate anticipated cost savings in excess of $20 million annually."We are pleased to embark on the next phase of Mynd's evolution by redeploying capital to strengthen our sales efforts and position the Company for future investment in our product offerings, which we believe will enable us to achieve our long-term strategic vision and increase sharehol
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MYND
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MYND
Sec Filings
- 10/21/24 - Form 6-K
- 10/8/24 - Form 6-K
- MYND's page on the SEC website