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BEIJING, Dec. 7, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE:GEHI), a leading early childhood education service provider in China, announced today that, the transaction parties have received all necessary regulatory approvals related to the merger transaction (the "Merger") by and among the Company, NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon") and Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant ("eLMTree"). All conditions precedent to Closing have been satisfied, and the transaction parties will proceed with the closing of the Merger (the "Closing"). As previously announced, a special
BEIJING, Sept. 21, 2023 /PRNewswire/ -- Gravitas Education Holdings Inc. (the "Company") (NYSE:GEHI), a leading early childhood education service provider in China, today announced that the Company's board of directors (the "Board") approved a special cash dividend in an amount ranging from US$11.256 to US$12.17 per American Depositary Share ("ADS"), or from US$0.5628 to US$0.6085 per ordinary share. The aggregate amount of cash dividends to be paid ranges from US$16 million to US$17.3 million, which will be funded by cash on the Company's balance sheet. The payment of the special dividend is conditional upon the Closing (as defined below), and the exact amount of such special dividend is to
BEIJING, April 18, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE:GEHI) announced today that it has entered into an agreement and plan of merger (the "Merger Agreement") with Bright Sunlight Limited, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company ("Merger Sub"), Best Assistant Education Online Limited, a Cayman Islands exempted company ("Best Assistant") and a controlled subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon"), a Cayman Islands exempted company, and solely for purposes of certain named sections thereof, NetDragon. It's contemplated that Best Assistant will form a Cayman Islands
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BEIJING, April 23, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE:GEHI), a leading early childhood education service provider in China, announced today that it has appointed Mr. Siyuan Wang as its chief financial officer, effective April 23. Mr. Wang will succeed Mr. Hao Gu, who has decided to resign from this position for personal reasons. Mr. Gu's resignation does not involve any disagreement with the Company with regard to its business, finance, accounting or any other affairs. Ms. Yanlai Shi, chief executive officer, co-founder and executive director, said, "On behalf of the Board of Directors and management team, I would like to thank Hao for his
Gravitas Education Holdings, Inc. (the "Company") (NYSE:GEHI) announced that the effective time of the merger between Bright Sunlight Limited, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company (the "Merger Sub") and Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant Education Online Limited, a Cayman Islands exempted company ("Best Assistant") and a controlled subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon") ("eLMTree") (the "Merger") is expected to be 3:00 A.M. (Eastern Time) on December 13, 2023. As a result of the Merger, GEHI will change its corporate name to "Mynd.ai, Inc." and
As previously announced, Gravitas Education, Bright Sunlight Limited, Best Assistant Education Online Limited, and a controlled subsidiary of NetDragon Websoft Holdings Limited, NetDragon entered into the agreement and plan of merger, which contemplates that Best Assistant will transfer the education business of NetDragon outside of the PRC to Elmtree Inc, and the merger sub will merge with and into eLMTree with eLMTree continuing as the surviving company and becoming a wholly owned subsidiary of the Company. eLMTree has executed and delivered a joinder to the Merger Agreement on August 18, 2023.
Gainers Sacks Parente Golf (NASDAQ:SPGC) shares rose 8.2% to $1.19 during Monday's after-market session. The market value of their outstanding shares is at $17.3 million. Digital Brands Group (NASDAQ:DBGI) shares rose 6.49% to $5.9. The company's market cap stands at $3.4 million. Charles & Colvard (NASDAQ:CTHR) stock rose 5.27% to $0.4. The company's market cap stands at $12.1 million. The company's, Q4 earnings came out 2 days ago. Worksport (NASDAQ:WKSP) shares increased by 3.61% to $1.72. The company's market cap stands at $29.9 million. Selina Hospitality (NASDAQ:SLNA) shares increased by 3.26% to $0.37. The company's market cap stands at $39.7 million. Fossil Group (NASDAQ:FOSL)
Gainers Mondee Hldgs (NASDAQ:MOND) shares increased by 12.2% to $4.0 during Monday's regular session. As of 13:30 EST, Mondee Hldgs's stock is trading at a volume of 292.0K, which is 90.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $342.7 million. Alliance Entertainment (NASDAQ:AENT) stock increased by 12.0% to $1.24. The market value of their outstanding shares is at $62.7 million. Studio City Intl Hldgs (NYSE:MSC) stock increased by 10.13% to $5.54. The market value of their outstanding shares is at $1.1 billion. Vince Holding (NYSE:VNCE) shares rose 8.41% to $1.7. The market value of their outstanding shares is at $21.2 mi
Gainers Gravitas Education Hldgs (NYSE:GEHI) stock rose 21.1% to $21.2 during Wednesday's regular session. The market value of their outstanding shares is at $29.2 million. a.k.a. Brands Holding (NYSE:AKA) stock moved upwards by 16.99% to $0.48. As of 13:30 EST, this security is trading at a volume of 121.1K shares, making up 84.9% of its average full-day volume over the last 100 days. The company's market cap stands at $61.5 million. GAN (NASDAQ:GAN) shares moved upwards by 16.66% to $1.26. As of 13:30 EST, GAN's stock is trading at a volume of 724.2K, which is 282.9% of its average full-day volume over the last 100 days. The company's market cap stands at $56.3 million. Torrid Holdings
Gravitas Education Holdings Inc. (the "Company") (NYSE:GEHI), a leading early childhood education service provider in China, today announced that the Company's board of directors (the "Board") approved a special cash dividend in an amount ranging from US$11.256 to US$12.17 per American Depositary Share ("ADS"), or from US$0.5628 to US$0.6085 per ordinary share. The aggregate amount of cash dividends to be paid ranges from US$16 million to US$17.3 million, which will be funded by cash on the Company's balance sheet. The payment of the special dividend is conditional upon the Closing (as defined below), and the exact amount of such special dividend is to be determined and separately announced.
Gravitas Education (NYSE:GEHI) reported quarterly losses of $(3.15) per share. This is a 116.48 percent decrease over earnings of $19.11 per share from the same period last year. The company reported $18.02 million in sales this quarter. This is a 17.89 percent increase over sales of $15.28 million the same period last year.
Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE:GEHI) announced today that it has appointed Mr. Siyuan Wang as its chief financial officer, effective April 23. Mr. Wang will succeed Mr. Hao Gu, who has decided to resign from this position for personal reasons. Mr. Gu's resignation does not involve any disagreement with the Company with regard to its business, finance, accounting or any other affairs.
Key Takeaways: NetDragon will separately list its international education business in New York through a backdoor listing using Gravitas Education The company believes the education unit being listed is worth $750 million, far less than its current valuation based on Gravitas’ and NetDragon’s share prices By Doug Young It’s not easy being an educator. That’s the lesson contained in an interesting new spinoff plan from NetDragon Websoft Holdings Ltd. (0777.HK), one of China’s oldest gaming companies that also gets about half of its revenue from its newer education services. In a move that looks aimed at returning the company to its gaming roots, NetDragon has announced a backdoor list
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6-K - Gravitas Education Holdings, Inc. (0001708441) (Filer)
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6-K - Gravitas Education Holdings, Inc. (0001708441) (Filer)
6-K - Gravitas Education Holdings, Inc. (0001708441) (Filer)
BEIJING, Dec. 12, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (the "Company") (NYSE:GEHI) announced that the effective time of the merger between Bright Sunlight Limited, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company (the "Merger Sub") and Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant Education Online Limited, a Cayman Islands exempted company ("Best Assistant") and a controlled subsidiary of NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon") ("eLMTree") (the "Merger") is expected to be 3:00 A.M. (Eastern Time) on December 13, 2023. As a result of the Merger, GEHI will change its
BEIJING, Dec. 7, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE:GEHI), a leading early childhood education service provider in China, announced today that, the transaction parties have received all necessary regulatory approvals related to the merger transaction (the "Merger") by and among the Company, NetDragon Websoft Holdings Limited (HKEX: 0777, "NetDragon") and Elmtree Inc., a Cayman Islands exempted company limited by shares wholly owned by Best Assistant ("eLMTree"). All conditions precedent to Closing have been satisfied, and the transaction parties will proceed with the closing of the Merger (the "Closing"). As previously announced, a special
BEIJING, Sept. 21, 2023 /PRNewswire/ -- Gravitas Education Holdings Inc. (the "Company") (NYSE:GEHI), a leading early childhood education service provider in China, today announced that the Company's board of directors (the "Board") approved a special cash dividend in an amount ranging from US$11.256 to US$12.17 per American Depositary Share ("ADS"), or from US$0.5628 to US$0.6085 per ordinary share. The aggregate amount of cash dividends to be paid ranges from US$16 million to US$17.3 million, which will be funded by cash on the Company's balance sheet. The payment of the special dividend is conditional upon the Closing (as defined below), and the exact amount of such special dividend is to
BEIJING, Sept. 11, 2023 /PRNewswire/ -- Gravitas Education Holdings Inc. ("GEHI" or the "Company") (NYSE:GEHI), a leading early childhood education service provider in China, today announced the results of the Company's extraordinary general meeting of shareholders (the "EGM") held in Beijing today. 14,085,317 Class A ordinary shares of the Company (including Class A ordinary shares represented by the Company's American depositary shares, or the "ADSs") and 6,949,141 Class B ordinary shares of the Company entitled to vote at the EGM were present at the EGM in person or by proxy. Each Class A ordinary share is entitled to one vote, and each Class B ordinary share is entitled to ten votes. Th
BEIJING, Sept. 8, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE:GEHI), a leading early childhood education service provider in China and Singapore, today announced its unaudited financial results for the first half of 2023. The Company's Acquisition of eLMTree and Divestiture of its PRC Business The Company announced on April 18, 2023, that it has entered into an agreement and plan of merger (the "Merger Agreement"), dated April 18, 2023, with Bright Sunlight Limited, a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Company (the "Merger Sub"), Best Assistant Education Online Limited, a Cayman Islands exempted company ("Be
BEIJING, July 31, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE:GEHI), a leading early childhood education service provider in China, today announced that it will hold an extraordinary general meeting of shareholders (the "EGM") at 3/F, No. 28 Building, Fangguyuan Section 1, Fangzhuang Fengtai District, Beijing 100078, People's Republic of China, at 10:00 a.m. (Beijing time) on September 11, 2023, for the purposes of considering and, if thought fit, approving the transactions contemplated in the Agreement and Plan of Merger (the "Merger Agreement"), dated April 18, 2023, by and among the Company, Bright Sunlight Limited, a Cayman Islands exempted comp
BEIJING, May 9, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (NYSE:GEHI) ("GEHI" or the "Company"), a leading early childhood education service provider in China, today announced that it has received a letter dated May 8, 2023 (the "Letter") from the New York Stock Exchange (the "NYSE"), notifying the Company that it is below compliance standards due to the Company's total market capitalization and stockholders' equity. Pursuant to applicable NYSE continued listing standards, a company would be considered "below criteria" by the NYSE if its total market capitalization is less than US$50 million over a 30 trading-day period and its stockholders' equity is less than US$50 million. A
BEIJING, April 28, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. (the "Company") (NYSE:GEHI), a leading early childhood education service provider in China, today announced it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022, with the Securities and Exchange Commission on April 28, 2023. The annual report is available on the Company's investor relations website at https://ir.geh.com.cn. The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be submitted to [email protected]. About Gravitas Education Holdings, I
BEIJING, April 23, 2023 /PRNewswire/ -- Gravitas Education Holdings, Inc. ("GEHI" or the "Company") (NYSE:GEHI), a leading early childhood education service provider in China, announced today that it has appointed Mr. Siyuan Wang as its chief financial officer, effective April 23. Mr. Wang will succeed Mr. Hao Gu, who has decided to resign from this position for personal reasons. Mr. Gu's resignation does not involve any disagreement with the Company with regard to its business, finance, accounting or any other affairs. Ms. Yanlai Shi, chief executive officer, co-founder and executive director, said, "On behalf of the Board of Directors and management team, I would like to thank Hao for his
Company plans to merge with Gravitas Education Holdings, Inc. to deliver greater strategic and operational focus SEATTLE, April 19, 2023 /PRNewswire/ -- Promethean, a leading global education technology company, announced today that its parent company, NetDragon Websoft Holdings Limited, has approved a plan and entered into the related agreements to spin off the Promethean group of entities into a separate company that will subsequently merge with Gravitas Education Holdings, Inc., a public company. Following the merger, expected to be completed in Q3, Promethean will benefit