[6-K] Mingteng International Corp Inc. Current Report (Foreign Issuer)
Rhea-AI Filing Summary
Mingteng International Corporation Inc. reported the results of an extraordinary general meeting of shareholders. Holders of 2,658,023 Class A ordinary shares and 2,091,000 Class B ordinary shares were present in person or by proxy, representing about 95.47% of the total voting rights as of the November 13, 2025 record date, so a quorum was achieved. Shareholders approved a proposal allowing one or more share consolidations of both Class A and Class B shares at a ratio between 2-for-1 and 4,000-for-1, or the maximum ratio permitted under applicable Nasdaq rules, with the exact ratio and timing to be set by the Board within two years. They also approved related amendments to the company’s memorandum and articles of association to reflect any consolidation and authorized required filings in the Cayman Islands. A proposal to allow adjournment of the meeting, if needed, was also approved. All proposals received strong support, with over 44 million votes cast in favor of the key resolutions.
Positive
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Negative
- None.
Insights
Mingteng obtained broad shareholder approval for a flexible future share consolidation framework.
The company received strong shareholder turnout, with approximately 95.47% of total voting rights represented at the extraordinary general meeting held on
The central approval was for one or more share consolidations of Class A and Class B ordinary shares within a broad 2-for-1 to 4,000-for-1 range, or the maximum ratio allowed under applicable Nasdaq rules, with the exact ratio and effective date to be set by the Board within two years. Shareholders also authorized rounding up any fractional shares to the nearest whole share and approved amendments to the memorandum and articles of association to implement and reflect any consolidation.
The voting outcomes show substantial support, with 44,431,925 votes for Proposal One and 43,839,781 for Proposal Two, versus relatively small opposing and abstaining votes. The actual impact on share count and trading dynamics will depend on if and when the Board chooses a specific consolidation ratio and implementation date under this mandate.
FAQ
What did Mingteng International Corporation Inc. (MTEN) shareholders approve at the extraordinary general meeting?
Shareholders of Mingteng International Corporation Inc. approved one or more future share consolidations of Class A and Class B ordinary shares within a specified ratio range, related amendments to the memorandum and articles of association to reflect any consolidation, and an adjournment authority proposal in case additional time for voting on these items is needed.
What is the approved share consolidation range for Mingteng International Corporation Inc. (MTEN)?
Shareholders approved that any future share consolidation of Class A and Class B ordinary shares can be at a ratio of not less than 2-for-1 and not more than 4,000-for-1, or the maximum consolidation ratio then permitted under applicable Nasdaq rules, with the exact whole-number ratio to be set by the Board.
Who has the authority to decide the final share consolidation ratio and timing for MTEN?
The Board of Directors of Mingteng International Corporation Inc. was authorized to determine, in its sole discretion, the exact consolidation ratio within the approved range and the exact effective date of any share consolidation, to be implemented within two years of the resolution’s approval.
How will Mingteng International Corporation Inc. handle fractional shares from the consolidation?
Shareholders authorized the company to round up any fractional shares resulting from the share consolidations to the nearest whole Class A ordinary share or Class B ordinary share, so no fractional shares will remain after implementation.
What were the quorum and voting levels at the MTEN extraordinary general meeting?
Holders of 2,658,023 Class A ordinary shares and 2,091,000 Class B ordinary shares were present in person or by proxy, representing about 95.47% of total voting rights as of the November 13, 2025 record date. Proposal One received 44,431,925 votes for and 46,098 against, Proposal Two received 43,839,781 for and 14,612 against, and Proposal Three received 44,431,758 for and 46,122 against.
What changes to the company’s governing documents did MTEN shareholders approve?
Subject to effectiveness of a share consolidation, shareholders approved replacing the existing memorandum and articles of association with an amended and restated memorandum and articles of association (the Third ARMA) to reflect the consolidation, and authorized necessary amendments to the share capital clause and filings with the Registrar of Companies in the Cayman Islands.