Mynd.ai Authorizes $10 Million Share Buyback
Ticker: MYND · Form: 6-K · Filed: Oct 21, 2024 · CIK: 1708441
| Field | Detail |
|---|---|
| Company | Mynd.Ai, Inc. (MYND) |
| Form Type | 6-K |
| Filed Date | Oct 21, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $10 million, $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, authorization, board-approval
TL;DR
Mynd.ai is buying back up to $10M of its stock, signaling confidence.
AI Summary
On October 21, 2024, Mynd.ai, Inc. announced that its board of directors has authorized a share repurchase program of up to $10 million. This program allows the company to buy back its own stock in the open market or through private transactions.
Why It Matters
This indicates management's confidence in the company's valuation and a potential return of capital to shareholders.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a share repurchase authorization, which is a common corporate action.
Key Numbers
- $10 million — Share Repurchase Authorization (The maximum value of stock the company is authorized to repurchase.)
Key Players & Entities
- Mynd.ai, Inc. (company) — The company making the announcement.
- $10 million (dollar_amount) — The maximum amount authorized for share repurchases.
- October 21, 2024 (date) — The date of the announcement.
FAQ
What is the total amount authorized for Mynd.ai's share repurchase program?
The board of directors has authorized the repurchase of up to $10 million of the Company's common stock.
When was the share repurchase program authorized?
The board of directors authorized the repurchase program on October 21, 2024.
What is the filing type?
This is a Form 6-K report of Foreign Private Issuer.
What is the company's principal executive office address?
The principal executive office is located at Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman KY1-1104 Cayman Islands.
Does Mynd.ai file annual reports under Form 20-F or 40-F?
The registrant indicates it files annual reports under Form 20-F.
Filing Stats: 373 words · 1 min read · ~1 pages · Grade level 10.9 · Accepted 2024-10-21 08:00:12
Key Financial Figures
- $10 million — has authorized the repurchase of up to $10 million of the Company’s American deposit
- $0.001 — quo;) and/or ordinary shares, par value $0.001 per share (“Ordinary Shares&rdquo
Filing Documents
- tm2426284d1_6k.htm (6-K) — 11KB
- tm2426284d1_ex99-1.htm (EX-99.1) — 8KB
- 0001104659-24-110063.txt ( ) — 20KB
SIGNATURES
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 Title: Chief Financial Officer Date: October 21, 2024