On October 2, 2024, Mynd.ai, Inc., a company specializing in interactive technology, successfully completed the sale of its 85% ownership stake in Global Eduhub Holding Limited (GEH), a Singapore-based early childcare learning business, for $20 million in cash. The sale was part of a strategic move by Mynd.ai to divest non-core assets and concentrate on its primary business of providing hardware and software solutions for the education, business, and public sectors. The transaction was announced in a press release on October 8, 2024, and is expected to result in annual cost savings of over $20 million. Mynd.ai plans to use the capital from the sale to enhance business development and future technology innovation, aiming to boost sales and shareholder value. The company's CFO, Arthur Giterman, highlighted the sale's role in strengthening Mynd.ai's liquidity and balance sheet, allowing for a greater focus on market leadership in the Interactive Flat Panel Display segment.

On October 2, 2024, Mynd.ai, Inc., a company specializing in interactive technology, successfully completed the sale of its 85% ownership stake in Global Eduhub Holding Limited (GEH), a Singapore-based early childcare learning business, for $20 million in cash. The sale was part of a strategic move by Mynd.ai to divest non-core assets and concentrate on its primary business of providing hardware and software solutions for the education, business, and public sectors. The transaction was announced in a press release on October 8, 2024, and is expected to result in annual cost savings of over $20 million. Mynd.ai plans to use the capital from the sale to enhance business development and future technology innovation, aiming to boost sales and shareholder value. The company's CFO, Arthur Giterman, highlighted the sale's role in strengthening Mynd.ai's liquidity and balance sheet, allowing for a greater focus on market leadership in the Interactive Flat Panel Display segment.