Mynd.ai closes $20 million sale of non-strategic business unit and announces additional strategic actions to enhance operations, strengthen cash position and drive long-term shareholder value

Seattle , oct. 8, 2024 /prnewswire/ -- mynd.ai, inc. ("mynd" or the "company") (nyse american: mynd) today announced a series of strategic actions designed to enhance the company's operations and drive long-term shareholder value, including the following: the sale, on october 2, 2024, of the company's entire 85% ownership interest in its singapore-based early childcare learning business for a total consideration of $20 million in cash. the redeployment of capital to enhance business development and future technology innovation to increase sales within its core markets.
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