Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 55

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 7
Chunk 55
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 *        
  Executive Officers and                  20,100,857 (3)                 4.4%     
  5% or Greater Shareholders:                                                     
  NetDragon Websoft Holdings Limited      338,243,483 (4)                74.1%    
  Nurture Education Cayman Limited        56,286,500 (5)                 11.0%    
  Ascendent Rainbow (Cayman) Limited      60,871,136 (6)                 11.9%    

*Less than 1%

(1) Represents ordinary shares underlying a Restricted Stock Unit ("RSU") which was granted pursuant to the Company's Equity Incentive Plan and which vests on April 10, 2025.

(2) Includes 223,210 ordinary shares underlying an RSU which vests on April 10, 2025.

(3) Includes 2,409,700 ordinary shares underlying RSUs which vest on April 10, 2025.

(4) Represents ordinary shares held directly by NetDragon WebSoft, Inc. (“ ND BVI”), a wholly-owned subsidiary of NetDragon Websoft Holdings Limited (“ NetDragon”). NetDragon has the power to vote and dispose of the ordinary shares held by ND BVI. NetDragon has an address at Units 2001-05 & 11, 20/F. Harbour Centre, 25 Harbour Road, Wan Chai, Hong Kong.

(5) Represents ordinary shares issuable upon conversion of certain convertible promissory notes, in the aggregate principal amount of $68.3 million, made by the Company in favor of the holder. The holder has an address at c/o Ascendent Capital Partners (Asia) Limited, Suite 3501, 35/F, Jardine House 1 Connaught Place, Central, Hong Kong.

(6) Includes ordinary shares issuable upon conversion of certain convertible promissory notes, in the aggregate principal amount of $68.3 million, held by Nurture Education Cayman Limited, an affiliate of Ascendent Rainbow (Cayman) Limited.

We have one class of ordinary shares and each holder of our ordinary shares is entitled to one vote per ordinary share. As of March 15, 2025, we had 152 record holders of our ordinary shares. As set forth above, by virtue of the ownership of 74.1% of our ordinary shares by ND BVI, we are indirectly controlled by NetDragon.

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