Mynd.ai signs $50M inventory financing with NetDragon

Mynd.ai, Inc. reported that its wholly owned subsidiary Promethean Limited has entered into an Inventory Management and Consultancy Agreement with NetDragon Websoft Holdings Limited, the company’s majority shareholder.

Rhea-AI Filing Summary

Mynd.ai, Inc. reported that its wholly owned subsidiary Promethean Limited has entered into an Inventory Management and Consultancy Agreement with NetDragon Websoft Holdings Limited, the company’s majority shareholder. The agreement combines supply‑chain consulting with an inventory financing arrangement.

Under the consulting portion, NetDragon will provide supply‑chain consulting services, including help negotiating pricing with Promethean’s hardware suppliers, through a mutually designated NetDragon employee. For inventory financing, NetDragon will initially pay Promethean’s hardware suppliers up to a revolving credit cap of US$50 million, with Promethean reimbursing NetDragon within 365 days of receiving the related inventory, plus simple interest at 3% per annum. The agreement runs for an initial three-year term and automatically renews for one‑year periods unless either party gives six months’ prior written notice to terminate.

Insights

Corporate finance analyst

Mynd.ai adds related-party inventory financing and supply-chain support.

Mynd.ai, through its Promethean subsidiary, has arranged an Inventory Management and Consultancy Agreement with majority shareholder NetDragon Websoft Holdings Limited. The structure combines operational support, via supply‑chain consulting and vendor pricing negotiations, with a dedicated inventory financing line capped at US$50 million.

Under the financing terms, NetDragon will initially pay approved hardware supplier invoices, and Promethean will reimburse those amounts within 365 days of receiving the related inventory, together with simple interest at 3% per annum. The agreement also states that if NetDragon does not pay a supplier on time, Promethean remains responsible for ensuring supplier payment under the supplier’s terms.

The arrangement has an initial three‑year term and then automatically renews for successive one‑year periods unless either party gives six months’ written notice. Because NetDragon is the majority shareholder, this creates an ongoing related‑party financing and services relationship; the overall impact will depend on how extensively Promethean utilizes the available US$50 million revolving credit cap over the term.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What agreement did Mynd.ai (MYND) disclose between Promethean and NetDragon?

Mynd.ai disclosed that Promethean Limited, its wholly owned subsidiary, entered into an Inventory Management and Consultancy Agreement with NetDragon Websoft Holdings Limited, the company’s majority shareholder.

What is the size of the inventory financing provided by NetDragon to Promethean?

The agreement includes an inventory financing arrangement under which NetDragon assumes initial payment responsibility for supplier invoices up to a revolving credit cap of US$50 million.

What interest rate will Promethean pay NetDragon under the inventory financing arrangement?

Promethean will reimburse NetDragon for supplier payments within 365 days of receiving the related inventory, together with simple interest at a rate of 3% per annum.

How long does the Mynd.ai and NetDragon Inventory Management and Consultancy Agreement last?

The agreement has an initial term of three years and will automatically renew for successive one‑year periods unless either party terminates it with six months' prior written notice.

What types of consulting services will NetDragon provide to Promethean under this agreement?

NetDragon will provide supply‑chain consulting services, including assistance in negotiating favorable pricing terms with Promethean’s hardware suppliers, performed by a mutually designated NetDragon employee.

Who remains ultimately responsible if NetDragon does not pay a hardware supplier on time?

If NetDragon fails to make timely payment to any supplier, Promethean remains responsible for ensuring payment is made according to the supplier’s payment terms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/16/2026 - 04:15 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of January 2026

Commission file number: 001-38203

Mynd.ai, Inc.

(Exact name of Registrant as specified in its charter)

Not applicable

(Translation of Registrant’s name into English)

Maples Corporate Services Limited,

PO Box 309,

Ugland House,

Grand Cayman KY1-1104

Cayman Islands

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Yes Form 40-F ☐ No

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

On January 14, 2026, Promethean Limited, a wholly owned subsidiary of Mynd.ai, Inc. (the “Company”), entered into an Inventory Management and Consultancy Agreement (the “Agreement”) with NetDragon Websoft Holdings Limited (“NetDragon”), the Company’s majority shareholder.

Under the consulting portion of the Agreement, Promethean has engaged NetDragon as an independent contractor to provide supply‑chain consulting services, including assistance in negotiating favorable pricing terms with Promethean’s hardware suppliers. Such services will be performed exclusively by a mutually designated employee of NetDragon.

In addition, the Agreement provides for an inventory financing arrangement under which NetDragon will assume initial payment responsibility for invoices issued by Promethean’s hardware suppliers, subject to a revolving credit cap of US$50 million. Promethean will reimburse NetDragon for such payments within 365 days of its receipt of the related inventory, together with simple interest at a rate of 3% per annum. Notwithstanding the foregoing, if NetDragon fails to make timely payment to any supplier, Promethean will remain responsible for ensuring that such payment is made in accordance with the supplier's payment terms. The Agreement has an initial term of three years and automatically renews for successive one-year periods unless terminated by either party with six months' prior written notice.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.            

			Mynd.ai, Inc.
			By:			/s/ Arthur Giterman
			Name:			Arthur Giterman
Date: January 16, 2026			Title:			Chief Executive Officer & Chief Financial Officer