Mingteng International Corporation Inc. Announces Closing of $2.26 Million Registered Direct Offering
Rhea-AI Summary
Mingteng International (Nasdaq: MTEN) closed a registered direct offering of 1,131,004 Class A ordinary shares at $2.00 per share and pre-funded warrants with a remaining exercise price of $0.00005 per share. Gross proceeds were about $2.26 million, for working capital and general corporate purposes.
Positive
- Completed registered direct offering raising approximately $2.26 million in gross proceeds
- Issued 1,131,004 Class A ordinary shares at a fixed price of $2.00 per share
- Net proceeds earmarked for working capital and general corporate purposes
Negative
- Issuance of new shares and pre-funded warrants creates potential shareholder dilution
- Gross proceeds of $2.26 million will be reduced by placement fees and expenses
News Market Reaction – MTEN
In the Jun 11 session, MTEN gained 33.92%, reflecting a significant positive market reaction. Argus tracked a peak move of +96.4% during that session. Argus tracked a trough of -13.3% from its starting point during tracking. Our momentum scanner triggered 39 alerts that day, indicating elevated trading interest and price volatility. Trading volume was elevated at 2.5x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Jiangsu, China, June 10, 2026 (GLOBE NEWSWIRE) -- Mingteng International Corporation Inc. (Nasdaq: MTEN) (the “Company”) today announced the closing of its previously announced registered direct offering of 1,131,004 Class A ordinary shares, par value
The gross proceeds from the offering were approximately
The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.
The offering closed on June 10, 2026.
FT Global Capital, Inc. is acting as the exclusive placement agent for the offering.
The offering was made pursuant to the Company’s “shelf” registration statement on Form F-3 (File No. 333- 287843), initially filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 6, 2025 and declared effective on June 25, 2025, as amended by Post-Effective Amendment No. 1 filed on October 7, 2025 and Post-Effective Amendment No. 2 filed on October 24, 2025, and declared effective by the SEC on November 18, 2025. A prospectus supplement and accompanying base prospectus describing the terms of the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including those regarding Mingteng International Corporation Inc.’s beliefs and expectations about its business strategy, growth outlook, and operational plans are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to: (i) capital and credit market volatility, (ii) local and global economic conditions, (iii) anticipated growth strategies and integration plans, (iv) regulatory changes or governmental approvals, and (v) future business development, operational results, and financial performance of Mingteng International Corporation Inc.. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. All information provided in this press release is as of the date of this press release, and Mingteng International Corporation Inc. undertakes no obligation to update such information, except as required under applicable law.
About Mingteng International Corporation Inc.
Based in China, Mingteng International Corporation Inc. is an automotive mold developer and supplier that focuses on molds used in auto parts. The Company provides customers with comprehensive and personalized mold services, covering mold design and development, mold production, assembly, testing, repair and after-sales service. With its production plant located in Wuxi, China, the Company aims to build a systematic solution for automobile mold services and create a personalized and integrated “Turnkey Project” for customers. The Company’s main products are casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. The Company also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery and other manufacturing industries. For more information, please visit the Company’s website: https://ir.wxmtmj.cn/.
For investor and media inquiries, please contact:
Mingteng International Corporation Inc.
Investor Relations Department
Email: ir@wxmtmj.cn
