Mint Incorporation Limited Announces 1-for-10 Reverse Stock Split

Mint Incorporation (NASDAQ: MIMI) will implement a 1-for-10 reverse stock split effective May 6, 2026, combining every ten Class A Ordinary Shares into one post-split share and reducing outstanding Class A shares from ~20,512,500 to ~2,051,250.

Rhea-AI Summary

Mint Incorporation (NASDAQ: MIMI) will implement a 1-for-10 reverse stock split effective May 6, 2026, combining every ten Class A Ordinary Shares into one post-split share and reducing outstanding Class A shares from ~20,512,500 to ~2,051,250.

The company will trade post-split under ticker MIMI with new CUSIP G6146G117. The split aims to raise the per-share trading price to meet Nasdaq's $1.00 minimum bid requirement; Nasdaq set a compliance deadline of June 17, 2026. Fractional shares will be rounded up; registered and certificated shareholders need take no action.

Positive

• 1-for-10 reverse split reduces Class A shares from ~20,512,500 to ~2,051,250
• Post-split trading begins May 6, 2026 under existing ticker MIMI
• New CUSIP for Class A shares: G6146G117, clarifying post-split security identity
• Fractional shares will be rounded up, avoiding cash-outs for partial holdings

Negative

• Reverse split is remedial action to meet Nasdaq's $1.00 minimum bid, signaling prior noncompliance
• Nasdaq compliance deadline of June 17, 2026 leaves limited time to restore and sustain price
• No assurance the company will regain compliance, creating ongoing listing risk for shareholders

Argus May 4 session

-11.67% close to close Open Argus

Details

News Market Reaction – MIMI

On May 4, the day this news came out, MIMI closed 11.67% below the previous close.

Data tracked by StockTitan Argus for the May 4 session.

Key Figures

Reverse split ratio: 1-for-10 Pre-split Class A shares: 20,512,500 shares Post-split Class A shares: 2,051,250 shares +3 more

Reverse split ratio

1-for-10

Exchange ratio for all Ordinary Shares

Pre-split Class A shares

20,512,500 shares

Outstanding Class A Ordinary Shares before reverse split

Post-split Class A shares

2,051,250 shares

Outstanding Class A Ordinary Shares after reverse split

Effective trading date

May 6, 2026

First trading day on post-split basis on Nasdaq

Minimum bid price

$1.00

Nasdaq Capital Market continued listing requirement

Compliance deadline

June 17, 2026

Nasdaq deadline to regain minimum bid compliance

Historical Context

5 past events · Latest: Apr 14

5 events

1. Apr 14

   AI robotics expo

   24h Move

   +104.1%

   AXONEX showcased six robot series including NEX at InnoEX in Hong Kong.

2. Mar 11

   JV announcement

   24h Move

   +10.5%

   Axonex formed Axonex Automation JV to commercialize digital twin and drone controls.

3. Feb 25

   Product prototype

   24h Move

   +16.7%

   Delivery of first FLOKI Minibot M1 prototype and plans for up to 800 units.

4. Feb 09

   MoU with partner

   24h Move

   +37.1%

   Non-binding MOU with Rice Robotics for a physical AI and robotics joint venture.

5. Dec 23

   Nasdaq deficiency

   24h Move

   -4.0%

   Nasdaq notification for failing the minimum $1.00 bid price requirement.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reverse stock split, class a ordinary shares, class b ordinary shares, cusip number, +2 more

6 terms

reverse stock split financial

"announces that it is implementing a reverse stock split of all of the Company's"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

class a ordinary shares financial

"including the Class A ordinary shares with no par value (the "Class A Ordinary Shares")"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

class b ordinary shares financial

"and Class B ordinary shares with no par value (the “Class B Ordinary Shares,”"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

cusip number technical

"The new CUSIP number for the Class A Ordinary Shares following the Reverse"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

nasdaq capital market regulatory

"will begin trading on the Nasdaq Capital Market on a post-Reverse Stock Split"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

minimum bid price requirement regulatory

"to satisfy the $1.00 minimum bid price requirement for continued listing of the"

A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Hong Kong, May 04, 2026 (GLOBE NEWSWIRE) -- Mint Incorporation Limited (“Mint” or the “Company”, NASDAQ: MIMI), a Hong Kong-based company with a new strategic focus on artificial intelligence (AI) and robotics, and an established business interior design and fit-out works provider, announces that it is implementing a reverse stock split of all of the Company's issued and unissued shares, including the Class A ordinary shares with no par value (the "Class A Ordinary Shares") and Class B ordinary shares with no par value (the “Class B Ordinary Shares,” together with the Class A Ordinary Shares, the "Ordinary Shares"), at an exchange ratio of one (1) share for ten (10) shares (the “Reverse Stock Split”). The Reverse Stock Split was approved by the Company’s Board of Directors on March 31, 2026.

Beginning on May 6, 2026, the Company’s Class A Ordinary Shares will begin trading on the Nasdaq Capital Market on a post-Reverse Stock Split basis under the current ticker symbol “MIMI”. The new CUSIP number for the Class A Ordinary Shares following the Reverse Stock Split will be G6146G117. 

The Reverse Stock Split will reduce the number of outstanding Class A Ordinary Shares of the Company from approximately 20,512,500 Class A Ordinary Shares to approximately 2,051,250 Class A Ordinary Shares. Every ten (10) outstanding Class A Ordinary Shares will be combined into and automatically become one post-Reverse Stock Split Class A Ordinary Share. No fractional shares will be issued as a result of the Reverse Stock Split. Instead, any fractional shares that would have resulted from the split will be rounded up to the next whole number.

Registered shareholders holding their shares of Ordinary Shares in book-entry or through a bank, broker or other nominee form do not need to take any action in connection with the Reverse Stock Split. Shareholders holding physical stock certificates will also generally receive book-entry shares instead of their existing certificates. The Company’s transfer agent, VStock Transfer LLC, will send further instructions.

The Reverse Stock Split is intended to increase the per share trading price of the Company’s Class A Ordinary Shares to satisfy the $1.00 minimum bid price requirement for continued listing of the Class A Ordinary Shares on the Nasdaq Capital Market. Nasdaq previously provided the Company until June 17, 2026, to regain compliance. There can be no assurance that the Company will be able to regain compliance with the minimum bid price requirement.

About Mint Incorporation Limited

Mint Incorporation Limited (NASDAQ: MIMI), a Hong Kong-based Company listed on the Nasdaq Capital Market, specializes in artificial intelligence (AI), robotics, and interior design. Through Axonex Intelligence Limited, one of Mint’s operating subsidiaries, the Company delivers intelligent robotics and facility management solutions to enterprises, real estate, shopping centers, and government agencies. Through Matter International Limited, the Company also provides professional interior design and renovation services. With a focus on innovation and practical applications, Mint is committed to enhancing efficiency, safety, and quality of life across industries.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to review the risk factors contained in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”) before making any investment decisions regarding the Company’s securities.

For Media and Investor Inquiries:

Mint Incorporated Limited
Email: info@mimintinc.com
Telephone: +852 2866 1663

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What exactly is Mint Incorporation's 1-for-10 reverse stock split and when does it take effect (MIMI)?

A 1-for-10 reverse split combines every ten Class A Ordinary Shares into one post-split share. According to the company, the split takes effect and begins trading post-split on May 6, 2026 under ticker MIMI.

How many Class A shares will Mint have after the reverse split (MIMI)?

After the reverse split, outstanding Class A Ordinary Shares will be approximately 2,051,250. According to the company, this reflects a reduction from about 20,512,500 pre-split shares on a 1-for-10 basis.

Why is Mint (MIMI) doing the reverse stock split and what is the Nasdaq deadline?

The split is intended to raise the per-share trading price to meet Nasdaq's $1.00 minimum bid requirement. According to the company, Nasdaq set a compliance deadline of June 17, 2026.

Will Mint shareholders need to act to exchange their pre-split shares after the reverse split (MIMI)?

No action is required for shareholders holding book-entry shares through brokers or nominees. According to the company, holders of physical certificates will generally receive book-entry shares and the transfer agent will provide instructions.

What happens to fractional shares from Mint's 1-for-10 reverse split (MIMI)?

Fractional shares will not be issued; instead, any fractional result will be rounded up to the next whole share. According to the company, this eliminates fractional share cash‑outs and adjusts share counts upward when needed.