Gravitas Education Holdings Inc

Gravitas Education Holdings, Inc. is a holding company, which engages in the provision of kindergarten and play-and-learn center services through its subsidiaries. The firm also licenses its separately developed courses and sells educational products. It operates through the following segments: PRC Kindergartens; PRC Play-and-Learn Centers; Singapore Kindergartens, Student Care Centers and Others; and Others. The company was founded by Chi Min Cao and Yan Lai Shi in 1998 and is headquartered in Beijing, China.

Earnings data Q4 2019

Earnings data Q1 2020

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Earnings data Q1 2021

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Earnings data Q4 2021

Mynd.AI, Inc. develops AI-enabled platforms for teachers and digital content classrooms. It offers hardware and software solutions that help organizations create and deliver dynamic content, simplify and streamline teaching, learning, and communication, and facilitate real-time collaboration. The company was founded on April 18, 2023 and is headquartered in Seattle, WA.

HONG KONG , Dec. 13, 2023 /PRNewswire/ -- NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, has today announced the successful completion of the merger transaction, by which NetDragon has merged its core overseas education business ("NetDragon Education Business") with the NYSE-listed Gravitas Education Holdings Inc. ("GEHI") at a valuation of US$800 million for the merged entity. In alignment with the new brand and the direction of the company to pursue the transformation of education with Artificial Intelligence (AI), the merged entity has been renamed to Mynd.ai, Inc. ("Mynd.ai").

NetDragon Announces Completion of Merger for Spinoff Listing of Overseas Education Business

SEATTLE , Dec. 13, 2023 /PRNewswire/ -- Mynd.ai, Inc. ("Mynd" or the "Company") (NYSE: MYND), is pleased to announce the successful completion of the merger transaction ("Merger Transaction") by which Gravitas Education Holdings, Inc. ("GEHI") acquired Elmtree Inc. ("eLMTree") from Best Assistant Education Online Limited, a subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon"). In connection with the Merger Transaction, GEHI has changed its corporate name to "Mynd.ai, Inc." and its ticker symbol from "GEHI" to "MYND".

Mynd.ai, Inc. Consummates Merger Transaction

BEIJING , Dec. 12, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (the "Company") (NYSE: GEHI) announced that the effective time of the merger between Bright Sunlight Limited, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company (the "Merger Sub") and Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant Education Online Limited, a Cayman Islands exempted company ("Best Assistant") and a controlled subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon") ("eLMTree") (the "Merger") is expected to be 3:00 A.M. (Eastern Time) on December 13, 2023.

Gravitas Education Holdings, Inc. Announces Expected Timing for the Effective Time of the Merger

BEIJING , Dec. 7, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, announced today that, the transaction parties have received all necessary regulatory approvals related to the merger transaction (the "Merger") by and among the Company, NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon") and Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant ("eLMTree"). All conditions precedent to Closing have been satisfied, and the transaction parties will proceed with the closing of the Merger (the "Closing").

GEHI Announces Plan for Closing of Merger and Transfer to NYSE American

BEIJING , Nov. 3, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced that, further to its announcement regarding the payment of a special dividend dated September 21, 2023, the Company expects that the special dividend will be paid on or before the 21st day after the date of the Closing (as defined below) to shareholders of record at the close of business in the Cayman Islands and holders of American depositary shares ("ADS(s)") at the close of business in New York on November 14, 2023. The Company expects the date of the Closing to be on or after November 15, 2023, subject to the satisfaction of certain closing conditions and regulatory approval related to the Merger (as defined below).

Gravitas Education Updates Record Date of Special Cash Dividend

BEIJING , Oct. 20, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE: GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that it plans to change the ratio of its American Depositary Shares ("ADS(s)") to its Class A ordinary shares ("Share(s)") from one (1) ADS representing twenty (20) Shares to one (1) ADS representing ten (10) Shares (the "ADS Ratio Change"). The Company anticipates that the ADS Ratio Change will be effective on or about October 31, 2023 (the "Effective Date").

Gravitas Education Holdings, Inc. Announces ADS Ratio Change

BEIJING , Oct. 18, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE: GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that the Company entered into an omnibus amendment and waiver (the "Amendment Agreement") to extend the outside date of the closing (the "Closing") of the Merger (as defined below) to January 18, 2024 considering the extra time that may be needed for the parties to complete the Merger. As previously announced, the Company, Bright Sunlight Limited, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company (the "Merger Sub"), Best Assistant Education Online Limited, a Cayman Islands exempted company ("Best Assistant") and a controlled subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon"), a Cayman Islands exempted company, and solely for purposes of certain named sections thereof, NetDragon entered into the agreement and plan of merger (the "Merger Agreement") on April 18, 2023, which contemplates that Best Assistant will transfer the education business of NetDragon outside of the PRC to Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant ("eLMTree"), and Merger Sub will merge with and into eLMTree with eLMTree continuing as the surviving company and becoming a wholly owned subsidiary of the Company (the "Merger").

Gravitas Education Holdings, Inc. Announces Extension of the Outside Date of the Merger

BEIJING , Sept. 21, 2023 /PRNewswire/ -- Gravitas Education Holdings Inc. (the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced that the Company's board of directors (the "Board") approved a special cash dividend in an amount ranging from US$11.256 to US$12.17 per American Depositary Share ("ADS"), or from US$0.5628 to US$0.6085 per ordinary share.

Gravitas Education Holdings Inc. Announces Special Cash Dividend in the Range of US$11.256 to US$12.17 per American Depositary Share and Reports Status of Merger

BEIJING , Sept. 11, 2023 /PRNewswire/ -- Gravitas Education Holdings Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced the results of the Company's extraordinary general meeting of shareholders (the "EGM") held in Beijing today.

Gravitas Education Holdings Inc. Announces Results of the Extraordinary General Meeting on September 11, 2023

BEIJING , Sept. 8, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China and Singapore, today announced its unaudited financial results for the first half of 2023.

Gravitas Education Holdings, Inc. Reports First Half 2023 Financial Results

BEIJING , July 31, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at 3/F, No. 28 Building, Fangguyuan Section 1, Fangzhuang Fengtai District, Beijing 100078, People's Republic of China, at 10:00 a.m.

GEHI to Hold Extraordinary General Meeting of Shareholders on September 11, 2023

BEIJING , May 9, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE: GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that it has received a letter dated May 8, 2023 (the "Letter") from the New York Stock Exchange (the "NYSE"), notifying the Company that it is below compliance standards due to the Company's total market capitalization and stockholders' equity. Pursuant to applicable NYSE continued listing standards, a company would be considered "below criteria" by the NYSE if its total market capitalization is less than US$50 million over a 30 trading-day period and its stockholders' equity is less than US$50 million.

GEHI Announces Receipt of NYSE Non-Compliance Letter

BEIJING , April 28, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, today announced it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the Securities and Exchange Commission on April 28, 2023. The annual report is available on the Company's investor relations website at https://ir.geh.com.cn.

Gravitas Education Holdings, Inc. Files Its Annual Report on Form 20-F

BEIJING , April 23, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China, announced today that it has appointed Mr. Siyuan Wang as its chief financial officer, effective April 23.

GEHI Appoints New Chief Financial Officer

Company plans to merge with Gravitas Education Holdings, Inc. to deliver greater strategic and operational focus SEATTLE , April 19, 2023 /PRNewswire/ --  Promethean , a leading global education technology company, announced today that its parent company, NetDragon Websoft Holdings Limited, has approved a plan and entered into the related agreements to spin off the Promethean group of entities into a separate company that will subsequently merge with Gravitas Education Holdings, Inc., a public company. Following the merger, expected to be completed in Q3, Promethean will benefit from operating as a standalone company separate from NetDragon, listed on the NYSE, with a distinct board and management team of world-class leaders focused on driving shareholder value.

Promethean Set to Operate as a Standalone Company with New Merger Agreement

HONG KONG , April 18, 2023 /PRNewswire/ -- NetDragon Websoft Holdings Limited ("NetDragon" or the "Company"; Hong Kong Stock Code: 777), a global leader in building internet communities, today announced that it has signed a merger agreement with Gravitas Education Holdings Inc. ("GEHI"), an NYSE listed company, whereby NetDragon, through its subsidiary, will merge its core overseas education business ( "NetDragon Education Business") with GEHI at a valuation of US$750 million for the NetDragon Education Business and US$800 million for the merged entity. The merged entity will be renamed to MYND.AI at closing of the transaction to reflect the new brand and the direction of the company to pursue the transformation of education with Artificial Intelligence (AI).

NetDragon announces signing of Merger Agreement to Spinoff Overseas Education Business for listing on NYSE

BEIJING , Dec. 19, 2022 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE: GEHI), a leading early childhood education service provider in China and Singapore, today announced its unaudited financial results for the first half of 2022. First Six Months of 202 2  Financial Results Net revenues from continuing operations were $29.6 million, compared with $39.2 million for the first six months of 2021.

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