MTEN

Mingteng International Corporation Inc. Announces Pricing of $2.26 Million Registered Direct Offering

Mingteng secures $2.26 million in equity offering to fund working capital

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    <h3>Information</h3>
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    <h3>AI Summary</h3>
    <p>MTEN announced a securities purchase agreement to sell up to 1.13 million Class A shares at $2.00 each, plus pre-funded warrants with an almost zero exercise price. Gross proceeds are about $2.26 million to be used for working capital and general corporate purposes, with closing expected on or about June 10, 2026 under a shelf registration.</p>
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    <h3>Key Points</h3>
    <ul><li>MTEN to issue up to 1.13M Class A shares at $2; plus pre-funded warrants.</li><li>Gross proceeds expected about $2.26M before fees.</li><li>Closing targeted for June 10, 2026.</li><li>Net proceeds for working capital and general corporate purposes.</li></ul>
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    <h3>Companies Mentioned</h3>
    <ul><li><strong>Mingteng International Corporation Inc. (MTEN)</strong>: Announces financing to raise approximately $2.26 million via sale of shares and pre-funded warrants; dilutive to existing holders.</li><li><strong>FT Global Capital, Inc. (NA)</strong>: Exclusive placement agent for the offering; no direct stock impact but term dynamics could influence timing.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category Type: Corporate Developments. The article reports a financing/capital-raising event that alters MTEN&#039;s equity base and liquidity, with potential implications for valuation and ownership structure.</p>
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    <h3>Market-Moving</h3>
    <ul><li>Deal size and dilution risk may pressure MTEN near-term.</li><li>Close date around June 10, 2026 could spark volatility.</li><li>Shelf-registered financing suggests potential for further equity raises.</li></ul>
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    <h3>Key Facts</h3>
    <ul><li>Up to 1,131,004 Class A shares offered at $2.00 per share.</li><li>Pre-funded warrants with $0.00005 exercise price; $1.99995 pre-funded.</li><li>Gross proceeds expected ~ $2.26 million before fees.</li><li>Closing targeted on or about June 10, 2026.</li><li>Exclusive placement agent FT Global Capital, Inc.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term dilution risk weighs on MTEN; monitor price action around the June 10, 2026 closing.</p>
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  <p><strong>Mingteng International Corporation Inc. (MTEN) Announces $2.26 Million Registered Direct Offering</strong> In Jiangsu, China, on June 9, 2026, Mingteng International Corporation Inc. announced it has entered into a securities purchase agreement with certain institutional investors for the sale of up to <strong>1,131,004</strong> Class A ordinary shares, par value <strong>$0.00005</strong> per share, at a purchase price of <strong>$2.00</strong> per share, and pre-funded warrants to purchase Class A Ordinary Shares at an original exercise price of <strong>$2.00</strong>, with <strong>$1.99995</strong> of the original exercise price pre-funded at the closing, and a remaining exercise price of <strong>$0.00005</strong> per Class A Ordinary Share. The gross proceeds from the offering are expected to be approximately <strong>$2.26 million</strong>, before deducting placement agent fees and other offering expenses. The Company expects to use the net proceeds from this offering for working capital and general corporate purposes. The offering is expected to close on or about <strong>June 10, 2026</strong>, subject to the satisfaction of customary closing conditions. <em>FT Global Capital, Inc.</em> is acting as the exclusive placement agent for the offering.</p>

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    <h2>Key Terms of the Offering</h2>
    <ul>
      <li><strong>Shares offered:</strong> Up to <strong>1,131,004</strong> Class A ordinary shares, par value <strong>$0.00005</strong> per share, at a purchase price of <strong>$2.00</strong> per share</li>
      <li><strong>Pre-funded warrants:</strong> To purchase Class A Ordinary Shares at an original exercise price of <strong>$2.00</strong>, with <strong>$1.99995</strong> of the original exercise price pre-funded at closing, and a remaining exercise price of <strong>$0.00005</strong> per Class A Ordinary Share</li>
      <li><strong>Gross proceeds:</strong> Approximately <strong>$2.26 million</strong>, before deducting placement agent fees and other offering expenses</li>
      <li><strong>Closing timing:</strong> Expected to close on or about <strong>June 10, 2026</strong>, subject to customary closing conditions</li>
      <li><strong>Placement agent:</strong> <em>FT Global Capital, Inc.</em> (exclusive placement agent)</li>
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    <h2>Use of Proceeds and Regulatory Details</h2>
    <p>The Company expects to use the net proceeds from this offering for working capital and general corporate purposes.</p>
    <p>The offering is being made pursuant to the Company's "shelf" registration statement on Form F-3 (File No. <strong>333- 287843</strong>), initially filed with the U.S. Securities and Exchange Commission (the "SEC") on <strong>June 6, 2025</strong> and declared effective on <strong>June 25, 2025</strong>, as amended by Post-Effective Amendment No. 1 filed on <strong>October 7, 2025</strong> and Post-Effective Amendment No. 2 filed on <strong>October 24, 2025</strong>, and declared effective by the SEC on <strong>November 18, 2025</strong>. A prospectus supplement and accompanying base prospectus describing the terms of the offering will be filed with the SEC and will be available on the SEC's website at <a href="https://www.sec.gov" target="_blank" rel="nofollow">www.sec.gov</a>.</p>
    <p>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.</p>
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    <h2>Safe Harbor Statement</h2>
    <p>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.</p>
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  <section>
    <h2>About Mingteng International Corporation Inc.</h2>
    <p>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: <a href="https://ir.wxmtmj.cn/" target="_blank" rel="nofollow">https://ir.wxmtmj.cn/</a>.</p>
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  <section>
    <h2>Investor and Media Contacts</h2>
    <p><strong>Mingteng International Corporation Inc.</strong><br/>Investor Relations Department<br/>Email: <a href="mailto:ir@wxmtmj.cn">ir@wxmtmj.cn</a></p>
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    <h2>Additional Notes</h2>
    <p>MTEN trades on NASDAQ under the ticker MTEN.</p>
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MTEN announced a securities purchase agreement to sell up to 1.13 million Class A shares at $2.00 each, plus pre-funded warrants with an almost zero exercise price. Gross proceeds are about $2.26 million to be used for working capital and general corporate purposes, with closing expected on or about June 10, 2026 under a shelf registration.

Mingteng International Corporation Inc. Announces Pricing of $2.26 Million Registered Direct Offering

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