Mynd.ai, Inc. filed an 8-K press release on November 6, 2026, announcing a change to its American Depositary Share ratio from one ADS representing ten ordinary shares to one ADS representing seventy-five ordinary shares, effective on or about December 7, 2027.

Key Highlights

  • New ADS ratio: One ADS will represent seventy-five (75) ordinary shares, up from ten (10) ordinary shares previously.
  • Equivalent effect: The change will have the same effect as a one-for-7.5 reverse ADS split for ADS holders, according to the filing.
  • Effective date: The change is expected to become effective on or about December 7, 2027 (U.S. Eastern Time), subject to completion of applicable procedures.
  • Trading symbol unchanged: ADSs will continue to trade on NYSE American under the symbol "MYND," with a new CUSIP number of 628988206.
  • Depositary: Citibank, N.A. is the depositary; the company will pay the depositary's fees related to the ADS ratio change.
  • Fractional ADSs: Fractional entitlements will be aggregated and sold by the depositary, with net cash proceeds distributed to applicable ADS holders after deduction of fees, taxes, and expenses.
  • Ordinary shares unaffected: The company stated that ordinary shares will not be affected and no ordinary shares will be issued or cancelled in connection with the change.

Mynd.ai ADS Ratio Change: Mechanics and Holder Impact

According to the filing, Mynd.ai, Inc. (NYSE American:MYND) announced it will adjust the ratio of its American Depositary Shares to ordinary shares from 1:10 to 1:75. The company disclosed that this change will function as a one-for-7.5 reverse ADS split for holders of ADSs. The adjustment is expected to occur automatically on the effective date, with existing ADSs cancelled and new ADSs issued by the depositary, Citibank, N.A.

The filing stated that ADS holders are not required to take any action. ADSs held in brokerage accounts will be adjusted automatically, while holders of certificated ADSs will receive instructions from the depositary. The company noted it will cover the depositary's fees and charges associated with the surrender, cancellation, exchange, and issuance of ADSs as part of the ratio change. The company advised ADS holders to consult their brokers, banks, or other financial intermediaries regarding the treatment of their holdings.

Regarding fractional entitlements, the filing specified that fractional new ADSs will not be issued. Instead, fractional entitlements will be aggregated and sold by the depositary, and net cash proceeds, after deduction of applicable fees, taxes, and expenses, will be distributed to the applicable ADS holders in accordance with the deposit agreement. The company's ordinary shares will remain unaffected, and no ordinary shares will be issued or cancelled as a result of the change. The press release noted that forward-looking statements in the announcement are subject to risks and uncertainties described in the company's filings with the Securities and Exchange Commission.

What Was Disclosed

Mynd.ai announced a change to its ADS-to-ordinary-share ratio from 1:10 to 1:75, effective on or about December 7, 2027, via depositary Citibank, N.A. The ADSs will continue trading on NYSE American under "MYND" with a new CUSIP number of 628988206.