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Mingteng International (MTEN) updates ATM share sales and $79.4M capacity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Mingteng International Corporation Inc. reports progress on its at-the-market share sale program with AC Sunshine Securities LLC. The company has issued 222,568,877 Class A ordinary shares under this facility, generating gross proceeds of about US$20.6 million.

After paying a 3.5% sales commission and other expenses, Mingteng received net proceeds of roughly US$18.0 million, which it plans to use for general corporate purposes such as working capital, business development and capital expenditures. As of this report, the company has 242,334,931 Class A ordinary shares issued and outstanding and retains approximately US$79.4 million of remaining capacity under its US$100 million ATM facility, which remains in effect.

Positive

  • Mingteng International raised approximately US$18.0 million in net cash through its ATM program, enhancing liquidity for working capital, business development and capital expenditures.

Negative

  • The company issued 222,568,877 new Class A ordinary shares under the ATM facility, materially increasing its share count and potentially diluting existing shareholders.

Insights

Mingteng raises US$18M net via ongoing ATM share sales, with significant remaining capacity.

Mingteng International has been actively using its at-the-market equity program, issuing 222,568,877 Class A ordinary shares for gross proceeds of US$20.6 million. After a 3.5% commission and offering expenses, the company received net proceeds of about US$18.0 million, which are earmarked for working capital, business development initiatives and capital expenditures.

The company reports 242,334,931 Class A ordinary shares issued and outstanding as of this update, indicating that ATM usage has been a major source of recent share issuance. While this raises equity capital without a traditional marketed offering, it also increases the share count, so the effect on existing holders depends on how effectively the US$18.0 million and any future proceeds from the remaining US$79.4 million capacity are deployed.

 

 

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 January 2026

 

Commission File Number: 001-42024

 

MINGTENG INTERNATIONAL CORPORATION INC.

(Translation of registrant’s name into English)

 

No. 10 Fushi Road, Luoshe Town, Huishan District,

Wuxi, Jiangsu Province, China 214000

(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

 

 

 

 

 

As previously disclosed, on December 4, 2025, Mingteng International Corporation Inc. (the “Company”) entered into a sales agreement (the “Sales Agreement”) with AC Sunshine Securities LLC, as sales agent in “at the market offerings” (the “ATM facility”), pursuant to which the Company may offer and sell from time to time up to US$100,000,000 of Class A ordinary shares, par value US$0.00001 per share (the “Class A Ordinary Shares”), under the Company’s effective shelf registration statement on Form F-3 (File No. 333-287843) and the related prospectus supplement dated December 8, 2025.

 

As of January 21, 2026, the Company issued an aggregate of 222,568,877 Class A Ordinary Shares under the Sales Agreement, resulting in gross proceeds of approximately US$20.6 million. After payment of the sales agent commission of 3.5% of the gross proceeds and certain other offering expenses, the Company received net proceeds of approximately US$18.0 million. As of the date of this current report, the company has 242,334,931 Class A Ordinary Shares issued and outstanding.

 

As of January 21, 2026, the Company has approximately US$79.4 million of remaining capacity available for sale under the ATM facility. The Sales Agreement remains in effect.

 

The Company expects to use the net proceeds from the ATM facility for general corporate purposes, including working capital, business development initiatives and capital expenditures.

 

The information contained in this current report on Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (File No. 333-287843) and Registration Statement on Form S-8 (File No. 333-283203), as amended.

 

This current report on Form 6-K shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

 

1

 

 

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, hereunto duly authorized.

 

  Mingteng International Corporation Inc.
     
Date: January 21, 2026 By: /s/ Yingkai Xu
  Name: Yingkai Xu
  Title: Chief Executive Officer and Chairman of the Board of Directors

 

 

2

 

FAQ

How much has Mingteng International (MTEN) raised through its ATM share program?

Mingteng International has issued 222,568,877 Class A ordinary shares under its at-the-market facility, generating approximately US$20.6 million in gross proceeds and about US$18.0 million in net proceeds after commissions and expenses.

What is the remaining capacity on Mingteng International's (MTEN) ATM facility?

As of January 21, 2026, Mingteng International has approximately US$79.4 million of remaining capacity available for sale under its US$100,000,000 at-the-market share offering program.

How many Mingteng International (MTEN) shares are currently outstanding?

As of the date of the report, Mingteng International has 242,334,931 Class A ordinary shares issued and outstanding.

What will Mingteng International (MTEN) use the ATM proceeds for?

Mingteng International expects to use the net proceeds from its ATM facility for general corporate purposes, including working capital, business development initiatives and capital expenditures.

Who is the sales agent for Mingteng International’s (MTEN) ATM offering?

The sales agent for Mingteng International’s at-the-market offering is AC Sunshine Securities LLC, under a sales agreement entered into on December 4, 2025.

Under which registration statements are Mingteng International's (MTEN) ATM shares registered?

The ATM shares are offered under Mingteng International’s shelf registration statement on Form F-3 (File No. 333-287843), and this update is incorporated by reference into that F-3 and its Form S-8 (File No. 333-283203).
Mingteng International

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