Mynd.ai Announces Change to American Depositary Share Ratio

Mynd.ai will pay the depositary’s fees and charges for surrendering, cancelling, exchanging and issuing ADSs in the ratio change.

Rhea-AI Summary

Mynd.ai (MYND) announced an ADS ratio change equivalent to a one-for-7.5 reverse ADS split for its depositary share holders.

Each American Depositary Share (ADS) will represent 75 ordinary shares, up from 10. The change is expected to take effect on or about December 7, 2027, U.S. Eastern Time, subject to completion of procedures with Citibank, the depositary, and other relevant parties. The ordinary shares will remain unchanged, with none issued or cancelled in connection with the change. The ADSs will continue trading on NYSE American under MYND, with a new CUSIP number of 628988206.

Positive

• None.

Negative

• Minor pointImplementation remains subject to completion of procedures with Citibank and other relevant parties.
• Minor point. Forward-looking: it has not happened yet and may not happen.Mynd.ai will pay depositary fees and charges associated with the ADS exchange.

News Explained

Fractional entitlements will not become partial ADSs: the Depositary will pool and sell them, distribute net proceeds after applicable costs to affected holders, and Mynd will pay the Depositary’s transaction fees.

Key Figures

ADS ratio: 1 ADS: 10 ordinary shares → 1 ADS: 75 ordinary shares Expected effective date: On or about December 7, 2027 ADS exchange ratio: 7.5 existing ADSs for 1 new ADS

ADS ratio

1 ADS: 10 ordinary shares → 1 ADS: 75 ordinary shares

Announced change in the ADS-to-ordinary-share ratio

Expected effective date

On or about December 7, 2027

Subject to completion of applicable procedures

ADS exchange ratio

7.5 existing ADSs for 1 new ADS

Expected automatic exchange on the effective date

Key Terms

american depositary shares, reverse ads split, cusip number

3 terms

american depositary shares financial

"its American Depositary Shares ("ADSs") to its ordinary shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

reverse ads split financial

"same effect as a one-for-7.5 reverse ADS split"

A reverse ADS split is a corporate action that combines multiple American Depositary Shares (ADS) into a smaller number of ADS, so each new ADS represents more underlying ordinary shares and the price per ADS rises proportionally. Think of merging several small coins into one bigger coin: your total value stays the same, but the share count and per‑share price change, which can affect trading liquidity, index inclusion, and investor perception of the stock.

cusip number technical

"with a new CUSIP number of 628988206"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

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ALPHARETTA, Ga., Nov. 6, 2026 /PRNewswire/ -- Mynd.ai, Inc. (NYSE: MYND) ("Mynd" or the "Company"), a global provider of interactive technology and AI solutions for education and commercial customers, today announced that it will change the ratio of its American Depositary Shares ("ADSs") to its ordinary shares from one ADS representing ten (10) ordinary shares to a new ratio of one ADS representing seventy-five (75) ordinary shares. For the Company's ADS holders, the change in the ADS ratio will have the same effect as a one-for-7.5 reverse ADS split.

The ADS ratio change is expected to become effective on or about December 7, 2027 (U.S. Eastern Time), subject to completion of the applicable procedures with the Company's depositary, Citibank, N.A. (the "Depositary"), and other relevant parties. The ADSs will continue to trade on the NYSE American under the symbol "MYND," with a new CUSIP number of 628988206.

Following the effectiveness of the change, each ADS will represent seventy-five (75) ordinary shares of the Company, compared with ten (10) ordinary shares previously. The ordinary shares of the Company will not be affected by the change in the ADS ratio, and no ordinary shares will be issued or cancelled in connection with it.

The exchange of every seven and one-half (7.5) then-held ADSs for one new ADS is expected to occur automatically on the effective date, with the then-held ADSs being cancelled and new ADSs issued by the Depositary. Fractional new ADSs will not be issued in connection with the change in the ADS ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the Depositary, and the net cash proceeds from the sale, after deduction of applicable fees, taxes and expenses, will be distributed to the applicable ADS holders in accordance with the terms of the deposit agreement.

ADS holders are not required to take any action. ADSs held in brokerage accounts will be adjusted automatically, and holders of certificated ADSs will receive instructions from the Depositary. The Company will pay the Depositary's fees and charges in connection with the surrender, cancellation, exchange, and issuance of ADSs effected as part of the ADS ratio change. ADS holders should consult their brokers, banks, or other financial intermediaries for information regarding the treatment of their holdings in connection with the ratio change.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "plan," "will," "believe," "anticipate," "doubt," "expect," "intend," and similar terms and phrases are used in this press release to identify forward-looking statements. Actual results may differ materially from those expressed or implied by such statements due to risks, uncertainties, and other factors described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements except as required by law.

About Mynd.ai, Inc.

Mynd is a global leader in interactive technology offering best-in-class hardware and software solutions that help organizations create and deliver dynamic content; simplify and streamline teaching, learning, and communication; and facilitate real-time collaboration. Our award-winning interactive displays and software can be found in more than 1 million learning and training spaces in over 125 countries. Our global distribution network of more than 1,000 reseller partners and our dedicated sales and support teams around the world enable us to deliver the highest level of service to our customers. Learn more at www.mynd.ai.

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SOURCE Mynd.ai

FAQ

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What is Mynd.ai’s ADS reverse split ratio and expected effective date?

The change equals a one-for-7.5 reverse ADS split and is expected to take effect on or about December 7, 2027, U.S. Eastern Time. Each ADS will represent 75 ordinary shares instead of 10, subject to completion of applicable procedures with the depositary and other relevant parties.

Do Mynd.ai ADS holders need to act, and what happens to fractional ADSs?

ADS holders are not required to take any action; brokerage holdings will adjust automatically, and certificated holders will receive depositary instructions. Fractional new ADSs will not be issued. The depositary will aggregate and sell fractional entitlements, distributing net cash proceeds after applicable fees, taxes and expenses under the deposit agreement.