Skadden advised the special committee of Gravitas Education Holdings Inc. (GEHI) in relation to its merger with eLMTree Inc., an entity holding the core overseas education business of Hong Kong-listed NetDragon Websoft Holdings, a Chinese online game and educational software developer. As a result of the merger, effective 13 December 2023, GEHI has changed its corporate name to “Mynd.ai, Inc.” and its ticker to “MYND”.
The merger and name change reflect the company’s new direction to pursue the transformation of education via Artificial Intelligence.
The Skadden team was led by Corporate Partners Yuting Wu (Shanghai) and Peter Huang (Beijing), with Asia Pacific Counsel Flora Lu (Shanghai) and Associates Yakun Liu (Beijing), Si Shen (Hong Kong) and Emma Xu (Hong Kong). Partner David Goldschmidt (New York) advised on communication with the NYSE and approval matters. Partner Michael Leiter (Washington D.C.), Counsel Brooks Allen (Washington D.C.) and Associates Stephen Floyd (Washington D.C.), Joe Sandman (Washington D.C.) and Crispin Smith (Washington D.C.) advised on CFIUS matters. Partner Ken Kumayama (Palo Alto) and Associate Loren Shokes (New York) advised on intellectual property matters; Partner Victor Hollender (New York) and Associates Stephen Gretz (New York) and Tracy Grais (New York) advised on tax matters; Counsel Joseph Ciani-Dausch (Washington D.C.) advised on antitrust matters; and Partner Joseph Yaffe (Palo Alto/Los Angeles) and Counsel Kristin Davis (Palto Alto) advised on executive compensation and benefits matters.
