Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 137

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 18
Chunk 137
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─────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Fair value of the Convertible Note including the Embedded Derivative      $                      51,039      $                      55,473      $                      55,521                                                                                       
  ADS price                                                                 $                        2.00      $                        5.54      $                        5.78      Increase in share price will increase the value of the derivative                
  Term (years)                                                              3.95                               4.95                               5.00                               Decrease in term will decrease the value of the derivative                       
  Expected volatility                                                       68.0                               56.0                               54.0                               Increase in expected volatility will increase the value of the derivative        
  Risk-free rate                                                            4.3                                3.8                                4.0                                Increase in risk-free rate will increase the value of the derivative             
  Credit risk adjusted rate                                                 20.0                               20.0                               20.0                               Increase in credit risk adjusted rate will increase the value of the derivative  

Revolver

In June 2018, the Company entered into a secured revolving line of credit facility for borrowings up to $ 35,000 74,000 50,000 77 138

In October 2024, in connection with the expected discontinuation of the publication of the Bloomberg Short-Term Bank Yield Index Rate as administered by the Bloomberg Index Service Limited (BSBY), the Company further amended the Revolver by entering into a conforming changes amendment with Bank of America, N. A. that added and amended certain terms related to the replacement of the BSBY as a benchmark rate with the Secured Overnight Financing Rate (SOFR) as administered by the Federal Reserve Bank of New York. In accordance with the expedient in ASU 2020-04, the Company did not apply modification accounting to the contract.

Interest on the Revolver accrues at the choice of rate of (a) the Prime Rate as announced by Bank of America, (b) the Federal Funds Rate plus 0.50 30 90 180 0.90 2.30 0.50 30 90 180

As of December 31, 2024 and 2023, the outstanding balance on the line of credit was $ 11,000 32,000 3,000 6.73 7.62 7.67 2,000 7.17