Mingteng International Corporation Inc. Announces Closing of $2.96 Million Registered Direct Offering and Concurrent Private Placement

Rhea-AI Summary

Mingteng International (Nasdaq: MTEN) closed a registered direct offering and concurrent private placement on June 18, 2026. The deal included 1.48 million Class A shares at $2.00 each, pre-funded warrants, and 1.48 million private warrants, raising about $2.96 million in gross proceeds.

The private warrants are exercisable immediately at $2.00 per share and expire 18 months from issuance. Mingteng plans to use net proceeds for working capital and general corporate purposes.

Positive

• Gross proceeds of approximately $2.96 million raised
• Issued 1.48 million Class A shares at $2.00 per share
• Concurrent private warrants for up to 1.48 million additional shares
• Net proceeds earmarked for working capital and general corporate purposes

Negative

• Potential shareholder dilution from new shares, pre-funded warrants, and 1.48 million private warrants

News Market Reaction – MTEN

-13.72%

39 alerts

-13.72% Session close to close

-20.0% Trough in 5 hr 10 min

$16.10M Market Cap

0.1x Rel. Volume

In the Jun 22 session, MTEN declined 13.72%, reflecting a significant negative market reaction. Argus tracked a trough of -20.0% from its starting point during tracking. Our momentum scanner triggered 39 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -13.7% in the session following this news. A negative reaction despite positive ne...

Analysis

The stock dropped -13.7% in the session following this news. A negative reaction despite positive news fits MTEN’s recent pattern, as the prior tagged offering move averaged about -14.71%. Continued equity issuance and added warrants may reinforce concerns over dilution and financing dependence.

Key Figures

Class A shares sold: 1.48 million shares Share purchase price: $2.00 per share Pre-funded amount: $1.99995 per warrant +5 more

8 metrics

Class A shares sold 1.48 million shares Registered direct offering

Share purchase price $2.00 per share Registered direct offering pricing

Pre-funded amount $1.99995 per warrant Pre-funded warrant original exercise price

Remaining exercise price $0.00005 per share Pre-funded warrant residual exercise price

Private warrants 1.48 million shares Unregistered warrants in concurrent private placement

Gross proceeds $2.96 million Offering and concurrent private placement before fees

Warrant term 18 months Private Warrants expiry from date of issuance

Closing date June 18, 2026 Closing of offering and concurrent private placement

Previous Private placement,offering Reports

1 past event · Latest: Jun 17 (Negative)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 17	Offering pricing	Negative	-14.7%	Priced $2.96M registered direct offering plus concurrent private placement at $2.00.

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

Pattern Detected

MTEN’s prior offering/placement announcement led to a double‑digit decline, indicating dilution headlines have recently been met with selling.

Key Terms

registered direct offering, pre-funded warrants, private placement, section 4(a)(2), +1 more

5 terms

registered direct offering financial

"announced the closing of its previously announced registered direct offering of 1.48 million"

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

pre-funded warrants financial

"and pre-funded warrants to purchase Class A Ordinary Shares at an original exercise price"

Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.

private placement financial

"In a concurrent private placement, the Company also issued to the same investors unregistered"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

section 4(a)(2) regulatory

"pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended"

Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.

regulation d regulatory

"and/or Regulation D promulgated thereunder, and have not been registered under the"

Regulation D is a set of rules that govern how companies can raise money from investors without going through the full process required for public stock offerings. It provides simplified options for private placements, making it easier for companies to seek investments from a smaller group of investors. For investors, it offers opportunities to invest in private companies, often with fewer restrictions, but also with different levels of risk and disclosure.

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

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Jiangsu, China, June 18, 2026 (GLOBE NEWSWIRE) -- Mingteng International Corporation Inc. (Nasdaq: MTEN) (the “Company”) today announced the closing of its previously announced registered direct offering of 1.48 million Class A ordinary shares, par value $0.00005 per share (“Class A Ordinary Shares”), at a purchase price of $2.00 per share, and pre-funded warrants to purchase Class A Ordinary Shares at an original exercise price of $2.00, with $1.99995 of the original exercise price pre-funded at the closing, and a remaining exercise price of $0.00005 per Class A Ordinary Share.  In a concurrent private placement, the Company also issued to the same investors unregistered warrants to purchase up to 1.48 million Class A Ordinary Shares (the “Private Warrants”), at an exercise price of $2.00 per Class A Ordinary Share. The Private Warrants are exercisable from the closing and will expire 18 months from the date of issuance.

The gross proceeds from the offering and the concurrent private placement were approximately $2.96 million, before deducting placement agent fees and other offering expenses.

The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.

The offering and the concurrent private placement closed on June 18, 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.

The Private Warrants and the Class A Ordinary Shares issuable upon exercise thereof were offered and sold in a private placement in a transaction not involving a public offering pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder, and have not been registered under the Securities Act or applicable state securities laws. Accordingly, such securities may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from such registration requirements.

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
  

FAQ

What did Mingteng International (MTEN) announce on June 18, 2026 about its offering?

Mingteng International announced the closing of a registered direct offering and concurrent private placement raising about $2.96 million. According to the company, the transaction involved new Class A shares, pre-funded warrants, and private warrants exercisable for additional Class A shares.

How many shares did Mingteng International (MTEN) issue in its June 2026 registered direct offering?

Mingteng International issued 1.48 million Class A ordinary shares at $2.00 per share in the offering. According to the company, these shares were sold under its effective Form F-3 shelf registration statement filed with the U.S. Securities and Exchange Commission.

What are the terms of the private warrants issued by Mingteng International (MTEN) in June 2026?

Mingteng International issued private warrants to purchase up to 1.48 million Class A shares at $2.00 per share. According to the company, these unregistered warrants are exercisable from closing and expire 18 months from the date of issuance.

How will Mingteng International (MTEN) use the $2.96 million gross proceeds from its June 2026 financing?

Mingteng International plans to use the net proceeds for working capital and general corporate purposes. According to the company, the approximately $2.96 million gross proceeds are before placement agent fees and other offering-related expenses are deducted.

Were the private warrants in Mingteng International (MTEN)'s June 2026 deal registered with the SEC?

The private warrants and underlying Class A shares were offered and sold in a private placement and are not registered. According to the company, they were issued under Section 4(a)(2) and/or Regulation D of the Securities Act.

What is the exercise price and funding structure of Mingteng International (MTEN)'s pre-funded warrants?

The pre-funded warrants have an original exercise price of $2.00 per Class A share, with $1.99995 prepaid at closing. According to the company, the remaining exercise price is $0.00005 per share when holders exercise the warrants.