MYnd Analytics completes merger transaction

Mynd.ai announced the successful completion of the merger transaction by which Gravitas Education Holdings, acquired Elmtree from Best Assistant Education Online Limited, a subsidiary of NetDragon Websoft Holdings. In connection with the Merger Transaction, GEHI has changed its corporate name to “Mynd.ai, Inc.” and its ticker symbol from “GEHI” to “MYND”. The CUSIP of the Company’s American Depositary Shares will be changed to 628988 107. The ISIN of the Company’s ADSs will be changed to US6289881079. All of the aforementioned changes were effective prior to 7:00 A.M. on December 13. The ADSs of the Company are expected to start trading under the new name and ticker symbol on the NYSE American on December 13. Effective immediately upon the close of the Merger Transaction, the following individuals became the executive officers of Mynd: Vincent Riera as the CEO, Arthur Giterman as the CFO, Matthew Cole as the Executive Vice President – Global Sales, Lance Solomon as the Chief Product Officer, Allyson Krause as the Executive Vice President and the General Counsel, Paul Heffernan as the Executive Vice President – Operations, Ronan O’Loan as the Chief Human Resources Officer. Mynd Substantially Advances its Capital Structure and Liquidity with the Issuance of $65 Million Senior Secured Convertible Notes. On the Closing Date, concurrent with the consummation of the Merger Transaction, the Company closed a private offering of $65M principal amount of senior secured convertible notes. The Notes will mature on December 13, 2028, unless earlier converted, redeemed or repurchased. The Notes are guaranteed by Promethean World Limited, a wholly-owned subsidiary of eLMTree, and secured by all of the shares of Promethean World.