ESOPJun 23, 2026, 04:47 PM
Mynd.ai Adds 106 Million Shares to Equity Incentive Plan
AI Summary
Mynd.ai, Inc. announced that its Board of Directors approved an amendment to its Equity Incentive Plan, adding a one-time amount of 106,000,000 Ordinary Shares available for issuance. This increase is in addition to previous automatic annual increases of 27,731,110 and 28,374,850 Ordinary Shares in 2025 and 2026, respectively, under the Plan's evergreen provision. The evergreen provision allows for annual increases equal to the lesser of 5% of outstanding shares or a smaller number determined by the Board.
Key Highlights
- Mynd.ai's Board approved a one-time increase of 106,000,000 Ordinary Shares for its Equity Incentive Plan.
- This increase is in addition to 27,731,110 Ordinary Shares added on January 1, 2025.
- It also supplements 28,374,850 Ordinary Shares added on January 1, 2026.
- The Plan includes an evergreen provision for automatic annual increases.
- The evergreen provision allows increases up to 5% of outstanding Ordinary Shares annually.
- Each American Depositary Share (ADS) represents ten (10) Ordinary Shares.
Price Impact
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