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Mynd.ai, Inc. - $gehi STOCK NEWS

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Rhea-AI Summary
Gravitas Education Holdings, Inc. (NYSE: GEHI) is merging with Bright Sunlight Limited and Elmtree Inc., changing its corporate name to Mynd.ai, Inc. and its ticker to MYND. The company is also undergoing a secondary sale and divestiture of its education business in China.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.78%
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Rhea-AI Summary
Gravitas Education Holdings, Inc. (GEHI) has received all necessary regulatory approvals for the merger with NetDragon Websoft Holdings Limited and Elmtree Inc. The closing of the merger will result in a special cash dividend of US$5.628 per ADS or US$0.5628 per ordinary share. The company will transfer the listing of its ADSs from the NYSE to NYSE American upon completion of the Merger.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
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Rhea-AI Summary
Gravitas Education Holdings, Inc. announces the payment of a special dividend to shareholders of record at the close of business in the Cayman Islands and holders of ADSs at the close of business in New York. The special cash dividend ranges from US$5.628 to US$6.085 per ADS, or from US$0.5628 to US$0.6085 per ordinary share. The aggregate amount of cash dividends to be paid ranges from US$16 million to US$17.3 million.
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End-of-Day
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dividends
Rhea-AI Summary
Gravitas Education Holdings plans to change the ratio of its ADSs to its Class A ordinary shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.02%
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Rhea-AI Summary
Gravitas Education Holdings extends closing date of merger
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.22%
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Rhea-AI Summary
Gravitas Education Holdings Inc. announces approval of special cash dividend ranging from US$11.256 to US$12.17 per ADS, with aggregate amount of US$16 million to US$17.3 million. Net cash of the Company will be no less than US$15 million at Closing. Merger with eLMTree will result in change of name to Mynd.ai, Inc. and focus on global market of interactive classroom technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.01%
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dividends acquisition
Rhea-AI Summary
Gravitas Education Holdings Inc. announces approval of Merger Agreement and other proposals at extraordinary general meeting of shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.74%
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Rhea-AI Summary
Gravitas Education Holdings, Inc. announces unaudited financial results for H1 2023 and divestiture of China business
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Rhea-AI Sentiment
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3.32%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.62%
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Mynd.ai, Inc.

NYSE:GEHI

GEHI Rankings

GEHI Stock Data

36.51M
7.96M
11.69%
0.37%
Elementary and Secondary Schools
Educational Services
Link
China (Mainland)
Beijing

About GEHI

ryb education, inc. provides early childhood education service in the people's republic of china. the company offers kindergarten services to 2-6-year-old children; and play-and-learn centers services for the joint participation of 0-6-year-old children and their adult family members to promote children's development, foster bonding with family, and prepare them for their entry into kindergartens and primary schools. it also develops and sells educational products and services, such as teaching aids, educational toys, at-home educational products, and school uniforms through franchisees and other business partners, as well as directly to a market of families. as of december 31, 2019, it operated 100 directly operated and 250 franchise kindergartens; and 6 play-and-learn centers. the company was formerly known as top margin limited and changed its name to ryb education, inc. in june 2017. ryb education, inc. was founded in 1998 and is based in beijing, china.