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Mint Incorporation (NASDAQ: MIMI) enacts 1-for-10 reverse stock split to address Nasdaq bid rule

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6-K

Rhea-AI Filing Summary

Mint Incorporation Limited is implementing a 1-for-10 reverse stock split of all issued and unissued Class A and Class B ordinary shares. The move will reduce the number of outstanding Class A Ordinary Shares from 20,512,500 to approximately 2,051,250 shares.

Beginning May 6, 2026, the Class A Ordinary Shares will trade on the Nasdaq Capital Market on a post-split basis under the existing symbol MIMI with a new CUSIP G6146G117. Fractional shares will not be issued and will instead be rounded up to the next whole share.

The company states that the reverse stock split is intended to increase the per share trading price to meet Nasdaq’s $1.00 minimum bid price requirement for continued listing, for which Nasdaq has given Mint until June 17, 2026 to regain compliance. All outstanding options, warrants and other convertible securities will be proportionally adjusted.

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Mint executes 1-for-10 reverse split to address Nasdaq $1.00 bid rule.

Mint Incorporation Limited approved a 1-for-10 reverse stock split, cutting outstanding Class A Ordinary Shares from 20,512,500 to about 2,051,250. Trading on a split-adjusted basis starts on the Nasdaq Capital Market on May 6, 2026 under the current symbol.

The company states the split is intended to lift the share price to satisfy Nasdaq’s $1.00 minimum bid requirement under Listing Rule 5550(a)(2). Nasdaq has given Mint until June 17, 2026 to regain compliance, otherwise the shares could face suspension and delisting, subject to potential appeal.

All options, warrants and other convertible securities will be adjusted by dividing the underlying Class A Ordinary Shares by ten, with rounding to the nearest whole share. Actual impact on compliance will depend on post-split trading levels over at least ten consecutive business days.

Reverse split ratio 1-for-10 Exchange ratio for all issued and unissued ordinary shares
Pre-split Class A shares outstanding 20,512,500 shares Class A Ordinary Shares before reverse stock split
Post-split Class A shares outstanding 2,051,250 shares (approx.) Class A Ordinary Shares after reverse stock split
Nasdaq minimum bid price $1.00 per share Minimum bid requirement under Nasdaq Listing Rule 5550(a)(2)
Compliance deadline June 17, 2026 Date by which Mint must regain Nasdaq minimum bid compliance
Effective trading date post-split May 6, 2026 First trading day on Nasdaq Capital Market on a post-split basis
New CUSIP G6146G117 CUSIP for Class A Ordinary Shares after reverse stock split
reverse stock split financial
"approved a reverse stock split of all of the Company’s issued and unissued shares"
A reverse stock split is when a company reduces the number of its shares outstanding, making each share more valuable. For example, if you own 100 shares worth $1 each, a 1-for-10 reverse split would turn your 100 shares into 10 shares worth $10 each. Companies often do this to boost their stock price and appear more stable to investors.
Nasdaq Capital Market financial
"Class A Ordinary Shares will be trading on the Nasdaq Capital Market"
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 financial
"to regain compliance with a minimum bid price of $1.00 per share"
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.
Nasdaq Listing Rule 5550(a)(2) regulatory
"as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”)"
forward-looking statements regulatory
"Certain statements in this press release are forward-looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of May 2026

 

Commission File Number: 001-42462

 

Mint Incorporation Limited

 

17/F, Wing Kwok Centre, No.182 Woosung Street

Jordan, Kowloon, Hong Kong

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F         Form 40-F

 

 

 

 

On March 31, 2026, the Board of Directors of Mint Incorporation Limited (the “Company”) approved 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, at an exchange ratio of one (1) share for ten (10) shares (the “Reverse Stock Split”). Pursuant to the BVI Business Companies Act (as amended) and the Company’s Amended and Restated Memorandum and Articles of Association, the Company’s Board of Directors is authorized to effect the Reverse Stock Split without the approval of the Company’s shareholders. Accordingly, no shareholder vote, consent or approval is required or will be sought in respect of the Reverse Stock Split.

 

Upon the opening of the market on May 6, 2026, the Company’s Class A Ordinary Shares will be trading on the Nasdaq Capital Market (“Nasdaq”) on a post-Reverse Stock Split basis under the current symbol “MIMI”. The new CUSIP number following the Reverse Stock Split is G6146G117. The Reverse Stock Split will reduce the number of outstanding Class A Ordinary Shares of the Company from 20,512,500 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.

 

After the Reverse Stock Split, all options, warrants and other convertible securities of the Company outstanding immediately prior to the Reverse Stock Split will be adjusted by dividing the number of Class A Ordinary Shares into which the options, warrants and other convertible securities are exercisable or convertible by ten (10) in accordance with the terms of the plans, agreements or arrangements governing such options, warrants and other convertible securities and subject to rounding to the nearest whole share.

 

The Reverse Stock Split is intended for the Company to regain compliance with a minimum bid price of $1.00 per share for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Requirement”). Nasdaq previously provided the Company until June 17, 2026 to regain compliance. To regain compliance, the closing bid price of the Company’s Class A Ordinary Shares must meet or exceed $1.00 per share for a minimum of ten consecutive business days during this period. If the Company does not regain compliance within the allotted compliance period(s), including any extensions that may be granted by Nasdaq, Nasdaq will provide notice that the Company’s Class A Ordinary Shares will be subject to suspension and delisting. The Company would then be entitled to appeal Nasdaq’s determination to a Nasdaq Listing Qualifications Panel and request a hearing.

 

In connection with the Reverse Stock Split, the Company amended and restated its memorandum and articles of association to reflect the adjustment of the number of authorized shares of the Company. A copy of such amended and restated memorandum and articles of association of the Company is filed hereto as Exhibit 3.1.

 

A copy of the press release dated May 4, 2026 titled “Mint Incorporation Limited Announces 1-for-10 Reverse Stock Split” is attached hereto as Exhibit 99.1.

 

1

 

Exhibit Index

 

Exhibit
Number
  Description of Exhibit
3.1   Second Amended and Restated Memorandum and Articles of Association
99.1   Press release - Mint Incorporation Limited Announces 1-for-10 Reverse Stock Split, dated May 4, 2026

 

2

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: May 4, 2026 Mint Incorporation Limited
     
  By: /s/ Hoi Lung Chan
  Name: Hoi Lung Chan
  Title: Chief Executive Officer and Chairman of the Board

 

3

 

Exhibit 99.1

 

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

 

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.

 

Contact Information

 

For Media and Investor Inquiries:

 

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

FAQ

What reverse stock split did Mint Incorporation Limited (MIMI) approve?

Mint approved a 1-for-10 reverse stock split of all issued and unissued Class A and Class B ordinary shares. Every ten existing Class A Ordinary Shares will be combined into one new share, significantly reducing the share count while keeping holders’ proportional ownership unchanged.

How does the Mint (MIMI) reverse split affect outstanding Class A Ordinary Shares?

The reverse stock split will reduce outstanding Class A Ordinary Shares from 20,512,500 to approximately 2,051,250. This tenfold reduction is mechanical and does not change total company value; it primarily increases the per-share price by concentrating equity into fewer shares.

When will Mint (MIMI) start trading on a post-split basis on Nasdaq?

Mint’s Class A Ordinary Shares will begin trading on a post-reverse-split basis on the Nasdaq Capital Market starting May 6, 2026. The shares will continue under the ticker symbol MIMI, but with a new CUSIP G6146G117 reflecting the adjusted capital structure.

Why is Mint (MIMI) implementing a reverse stock split?

The company states the reverse stock split is intended to increase its Class A Ordinary Shares’ trading price to meet Nasdaq’s $1.00 minimum bid price requirement. Regaining compliance with this rule is necessary for continued listing on the Nasdaq Capital Market beyond the current grace period.

What Nasdaq deadline does Mint (MIMI) face for minimum bid price compliance?

Nasdaq has given Mint until June 17, 2026, to regain compliance with the $1.00 minimum bid price requirement. The closing bid for the Class A Ordinary Shares must be at least $1.00 for a minimum of ten consecutive business days within this period, or the shares risk suspension and delisting.

How will Mint’s (MIMI) options and warrants be treated after the reverse split?

After the reverse stock split, all outstanding options, warrants, and other convertible securities will be adjusted by dividing the number of underlying Class A Ordinary Shares by ten. The adjustment will follow existing plan or agreement terms, with resulting share amounts rounded to the nearest whole share.

Filing Exhibits & Attachments

2 documents