Mynd.ai Receives NYSE American Non-Compliance Notice
Mynd (NYSE American: MYND) received a NYSE American non-compliance notice dated June 2, 2026.
Rhea-AI Summary
Mynd (NYSE American: MYND) received a NYSE American non-compliance notice dated June 2, 2026. The notice cites Sections 1003(a)(i) and (ii) due to a stockholders' deficit of $(17,502,000) as of December 31, 2025 and losses in three of the last four fiscal years.
Mynd must submit a compliance plan by July 2, 2026, targeting regained compliance by December 2, 2027. Its American Depositary Shares remain listed during the cure period, but failure to submit an acceptable plan or meet milestones may lead to delisting, subject to appeal rights.
Positive
- ADSs remain listed on NYSE American during cure period
- Compliance cure deadline extended to December 2, 2027
- Company intends to submit a compliance plan by July 2, 2026
Negative
- Stockholders' deficit of $(17,502,000) at December 31, 2025
- Non-compliance with NYSE American Sections 1003(a)(i) and 1003(a)(ii)
- Not eligible for any Section 1003(a) stockholders' equity exemption
- Risk of NYSE American delisting if plan is not accepted or fails
Details
News Market Reaction – MYND
On Jun 8, the first trading day after this news, MYND closed 1.40% above the previous close.
Data tracked by StockTitan Argus for the Jun 8 session.
Key Figures
- Equity requirement (2-year loss)
- $2.0 million
- NYSE American Section 1003(a)(i) stockholders’ equity threshold
- Equity requirement (3-year loss)
- $4.0 million
- NYSE American Section 1003(a)(ii) stockholders’ equity threshold
- Stockholders’ deficit
- $(17,502,000)
- Reported at December 31, 2025; NYSE American non-compliance basis
- Shares outstanding
- 462,192,400 shares
- Ordinary shares outstanding as of December 31, 2025 (Form 20-F)
- Accumulated deficit
- $508.6 million
- Accumulated deficit reported in 2025 Form 20-F
- 2025 operating loss
- $54.1 million
- Loss from continuing operations in 2025
- Secured indebtedness
- $76.3 million
- Secured debt reported in 2025 Form 20-F
- Inventory facility
- $50.0 million
- Financing facility from majority shareholder NetDragon
Previous AI Reports
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Filing of Form 20-F restored NYSE American continued listing compliance.
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NYSE American notice for failure to timely file Form 20-F annual report.
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Q101 token airdrop announcement for eligible Mynd.ai shareholders.
-
Promethean-Maxhub agreement to launch Microsoft Teams-certified solution.
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New TD SYNNEX distribution and expanded Midwich partnership for U.S. GTM.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
nyse american regulatory
form 20-f regulatory
cfius regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
The Company is now subject to the procedures and requirements set forth in Section 1009 of the Company Guide. In connection with its Deficiency, the Company must submit a plan by July 2, 2026, advising of actions it has taken or will take to regain compliance with the continued listing standards by December 2, 2027 ("Compliance Deadline").
The Company intends to submit a plan by July 2, 2026 to regain compliance with the continued listing standards by the Compliance Deadline. The Notice has no immediate impact on the listing of the Company's American Depositary Shares, which will continue to be listed and traded on the NYSE American during the cure period, subject to continued compliance with the other listing requirements of the NYSE American.
If the Company does not submit a plan or if the plan is not accepted, delisting proceedings will commence. Furthermore, if the plan is accepted, but the Company is not in compliance with the continued listing standards by the Compliance Deadline, or if the Company does not make progress consistent with the plan during the plan period, NYSE staff will initiate delisting proceedings as appropriate. The Company may appeal a delisting determination in accordance with Section 1010 and Part 12 of the Company Guide.
About Mynd.ai, Inc.
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, including statements regarding the Company's intention to regain compliance with the NYSE American's continued listing standards. Actual results may differ materially from the results anticipated by the Company's forward-looking statements due to certain risks, uncertainties and other factors described under the heading "Risk Factors" in the Company's filings with the Securities and Exchange Commission. Given these risks, uncertainties, and other factors, you should not place undue reliance on these forward-looking statements, and the Company assumes no obligation to update these forward-looking statements, even if new information becomes available in the future.
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SOURCE Mynd.ai
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