Mint Incorporation Limited Announces Closing of $2.5 Million Registered Direct Offering

Rhea-AI Summary

Mint Incorporation Limited (NASDAQ: MIMI) closed its previously announced registered direct offering of Class A ordinary shares and pre-funded warrants, raising approximately $2.5 million in gross proceeds. The company issued 1,400,000 shares at $1.00 per share and pre-funded warrants to purchase up to 1,100,000 shares at $0.999 per warrant, reflecting a $0.001 exercise price.

According to Mint, all pre-funded warrants have been fully exercised. The offering was conducted on a best-efforts basis under an effective Form F-3 shelf registration. Maxim Group served as sole placement agent, with designated U.S. counsels advising the company and the agent.

Positive

• Gross proceeds of approximately $2.5 million from the offering before fees
• 1,400,000 new Class A shares and 1,100,000 pre-funded warrants successfully placed
• Pre-funded warrants fully exercised, converting warrant commitments into equity
• Use of an effective Form F-3 shelf registration to access capital markets

Negative

• Equity financing adds up to 2,500,000 additional ordinary shares issued or issuable
• Gross proceeds of ~$2.5 million are before placement agent fees and offering expenses

News Explained

The closed offering adds 1,400,000 issued shares and up to 1,100,000 shares from fully exercised pre-funded warrants to the share count, reducing existing holders’ percentage ownership absent offsetting changes.

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Hong Kong, Aug. 28, 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, today announced the closing of its previously announced registered public offering conducted on a best-efforts basis.

The Company issued an aggregate of 1,400,000 of the Company’s Class A ordinary share with no par value (“Ordinary Shares”) at a purchase price of $1.00 per share, and pre-funded warrants to purchase up to 1,100,000 Ordinary Shares (“Pre-Funded Warrants”) at a purchase price of $0.999 per Pre-Funded Warrant (equal to the $1.00 purchase price per Share, less the $0.001 per share exercise price of the Pre-Funded Warrants). The Pre-Funded Warrants have been fully exercised as of the date hereof.

The company received total gross proceeds of approximately US$2.5 million, prior to deducting placement agent fees and other offering expenses.

Maxim Group LLC acted as the sole placement agent for the offering. Ortoli Rosenstadt LLP acted as U.S. securities counsel to the Company, and Ellenoff Grossman & Schole LLP acted as U.S. securities counsel to the placement agent.

The registered direct offering is being made pursuant to the Company’s registration statement on Form F-3 (File No. 333-296027) previously filed with the U.S. Securities and Exchange Commission (“SEC”), which was declared effective by the SEC on June 3, 2026. A prospectus supplement relating to the securities was filed by the Company with the SEC. All information filed with the SEC can be obtained over the internet on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, at (212) 895-3745 or by email at syndicate@maximgrp.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

About Mint Incorporation Limited

Mint Incorporation Limited (NASDAQ: MIMI) is a Hong Kong-based company listed on NASDAQ, strategically focused on artificial intelligence (AI), robotics, and interior design. Through its wholly-owned subsidiary Axonex AI Limited (“Axonex AI”), and through Aspiration X Limited’s joint venture Rice Robotics AGI Holding Limited (“Rice Robotics AGI”), Mint delivers comprehensive intelligent automation solutions. Axonex AI specializes in smart facility management, integrating robotics, IoT, physical AI solutions such as humanoid robots and AI-powered analytics to provide real-time monitoring and predictive insights. Rice Robotics AGI focuses on customer-centric robots and companion robots. In addition, through Matter International Limited, the Group provides professional interior design and fit-out services. Anchored by innovation and practical application, 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 current expectations and projections about future events and financial trends 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 “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions, and includes such statements regarding timing of closing, satisfaction of closing conditions, and expected proceeds from the offering. The Company undertakes no obligation to update 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 other factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.

For Media and Investor Inquiries

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

FAQ

What did Mint Incorporation (NASDAQ: MIMI) announce about its $2.5 million offering on August 28, 2026?

Mint Incorporation announced the closing of a registered direct offering raising about $2.5 million in gross proceeds. According to Mint, the financing combined newly issued Class A ordinary shares and fully exercised pre-funded warrants, conducted on a best-efforts basis under an effective Form F-3 shelf registration.

How many shares were issued in Mint Incorporation’s August 2026 registered direct offering (MIMI)?

Mint issued 1,400,000 Class A ordinary shares and pre-funded warrants to purchase up to 1,100,000 additional shares. According to Mint, the pre-funded warrants have been fully exercised, resulting in up to 2,500,000 ordinary shares issued or issuable from this capital raise.

What was the pricing of Mint Incorporation’s Class A shares and pre-funded warrants in the 2026 MIMI offering?

The Class A ordinary shares were priced at $1.00 per share, and pre-funded warrants at $0.999 each. According to Mint, the pre-funded warrants’ price reflects the $1.00 share price minus a $0.001 per share exercise price embedded in the warrants.

Who acted as placement agent for Mint Incorporation’s August 2026 registered direct offering (NASDAQ: MIMI)?

Maxim Group LLC served as the sole placement agent for Mint’s registered direct offering. According to Mint, the transaction was conducted on a best-efforts basis, with separate U.S. securities counsels advising the company and the placement agent throughout the capital-raising process.

Under which SEC registration did Mint Incorporation conduct its 2026 MIMI registered direct offering?

The offering was conducted under Mint’s Form F-3 shelf registration, File No. 333-296027. According to Mint, this registration statement was declared effective by the SEC on June 3, 2026, enabling the company to issue the shares and pre-funded warrants.

How can investors access the prospectus for Mint Incorporation’s August 2026 registered direct offering (MIMI)?

Investors can obtain electronic copies of the final prospectus supplement and accompanying prospectus from Maxim Group LLC. According to Mint, SEC filings are also available on www.sec.gov, providing detailed information about the offering’s terms and the issued securities.