Chimin Cao Updates Mynd.ai Stake as of Dec 31, 2023

TL;DR

**Major shareholder Chimin Cao updated their Mynd.ai stake as of year-end 2023.**

AI Summary

Chimin Cao, a significant shareholder in Mynd.ai, Inc. (formerly Gravitas Education Holdings, Inc. and RYB Education, Inc.), filed an amended SC 13G/A on February 6, 2024, indicating their ownership of the company's Ordinary Shares as of December 31, 2023. This filing, an amendment number 6, updates previous disclosures and is filed under Rule 13d-1(d), typically used by institutional investors. This matters to investors because it provides transparency into the holdings of a major individual shareholder, which can influence stock stability and future strategic decisions.

Why It Matters

This filing provides transparency into the holdings of a major individual shareholder, Chimin Cao, which can influence stock stability and future strategic decisions for Mynd.ai, Inc.

Risk Assessment

Risk Level: low — This is a routine update filing by a significant shareholder and does not indicate any immediate negative or positive risk.

Analyst Insight

Investors should note Chimin Cao's continued significant stake in Mynd.ai, Inc. as of year-end 2023. While this filing is routine, it confirms a major shareholder's position, which can be a factor in assessing long-term stability. No immediate action is suggested by this specific filing.

Key Numbers

• $0.001 — Par Value per Share (The par value of Mynd.ai, Inc.'s Ordinary Shares.)
• 628988 107 — CUSIP Number (Identifies Mynd.ai, Inc.'s American Depositary Shares (ADSs), which trade under 'MYND' and represent 10 Ordinary Shares each.)
• 10 — Ordinary Shares per ADS (Each American Depositary Share (ADS) of Mynd.ai, Inc. represents 10 Ordinary Shares.)

Key Players & Entities

• Chimin Cao (person) — Reporting Person, significant shareholder of Mynd.ai, Inc.
• Mynd.ai, Inc. (company) — Subject Company, formerly Gravitas Education Holdings, Inc. and RYB Education, Inc.
• JOY YEAR LTD (company) — Group Member listed in the filing
• $0.001 (dollar_amount) — par value per Ordinary Share of Mynd.ai, Inc.

FAQ

Key Financial Figures

• $0.001 — of Issuer) Ordinary Shares, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• tm245191d1_sc13ga.htm (SC 13G/A) — 71KB
• tm245191d1_ex99-a.htm (EX-99.A) — 4KB
• 0001104659-24-010846.txt ( ) — 77KB

(a)

Item 1(a). Name of Issuer: Mynd.ai, Inc. (the “ Issuer ”)

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, Cayman Island KY1-1104.

(a)

Item 2(a). Name of Person Filing: Chimin Cao and Joy Year Limited (collectively, the “ Reporting Persons ”)

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: The address of the Reporting Persons is c/o 4/F, No. 29 Building, Fangguyan Section 1, Fangzhuang, Fengtai District, Beijing 100078, People’s Republic of China.

(c)

Item 2(c) Citizenship: Chimin Cao is a citizen of the People’s Republic of China. Joy Year Limited is a British Virgin Islands company.

(d)

Item 2(d). Title of Class of Securities: Ordinary shares, par value $0.001 per share (the “ Ordinary Shares ”).

(e)

Item 2(e). CUSIP Number: The Ordinary Shares have no CUSIP number. The CUSIP number for the ADSs is 628988107. Each ADS represents 10 Ordinary Shares. Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a: Not applicable Item 4. Reporting Person Amount beneficially owned: Percent of class: Percent of aggregate voting power: Sole power to vote or direct the vote: Shared power to vote or to direct the vote: Sole power to dispose or to direct the disposition of: Shared power to dispose or to direct the disposition of: Chimin Cao 3,511,609 (1) 0.8 % (2) 0.8 % (3) 3,511,609 (1) 0 3,511,609 (1) 0 Joy Year Limited 3,511,609 (4) 0.8 % (2) 0.8 % (3) 3,511,609 (4) 0 3,511,609 (4) 0 (1) Represents 3,511,609 Ordinary Shares held by Joy Year Limited, a British Virgin Islands company. Joy Year Limited is ultimately owned by The Top Genius Trust, a trust established with the laws of Guernsey and managed by Credit Suisse Trust Limited as the trustee. Mr. Chimin Cao is the settlor of The Top Genius Trust, and Mr. Chimin Cao and his family members are the trust’s beneficiaries. Under the terms of this trust, Mr. Chimin Cao has the power to direct the trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to, the shares of the Issuer, held by Joy Year Limited. (2) The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 456,477,820 Ordinary Shares of the Issuer outstanding as of January 5, 2024, as disclosed by the Issuer in its Form 6-K filed with the Securities and Exchange Commission on January 5, 2024. (3) For each Reporting Person, percentage of aggregate voting power is calculated by dividing the voting power beneficially owned by such Reporting Person by the voting power of all of the Issuer’s Ordinary Shares. (4) Represents 3,

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View this SC 13G/A filing on SEC EDGAR