Mynd.Ai Subsidiary Secures $50 Million Inventory Financing from NetDragon

Reuters01-17

Mynd.Ai Subsidiary Secures $50 Million Inventory Financing from NetDragon

Mynd.Ai Inc., through its wholly owned subsidiary Promethean Limited, has entered into an Inventory Management and Consultancy Agreement with its majority shareholder, NetDragon Websoft Holdings Limited. As part of the agreement, NetDragon will provide supply-chain consulting services and extend inventory financing with a revolving credit cap of US$50 million. NetDragon will assume initial payment responsibility for Promethean's hardware supplier invoices, with Promethean reimbursing NetDragon within 365 days of inventory receipt, plus interest at 3% per annum. The agreement has an initial three-year term and will automatically renew for one-year periods unless terminated with six months' notice.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mynd.Ai Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001708441-26-000003), on January 16, 2026, and is solely responsible for the information contained therein.

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