Mingteng International Prices $2.26M Direct Offering at $2.00 Per Share
MTEN•Mingteng International Corporation is selling 1,131,004 Class A ordinary shares and pre-funded warrants at $2.00 each, raising gross proceeds of approximately $2.26 million. Net proceeds will fund working capital and general corporate purposes, with the offering set to close around June 10, 2026, subject to customary conditions.
1. Offering Details
Mingteng International Corporation has agreed to sell up to 1,131,004 Class A ordinary shares at $2.00 per share and associated pre-funded warrants with a nearly fully paid $1.99995 exercise price per warrant.
2. Proceeds and Usage
The registered direct offering is expected to generate gross proceeds of approximately $2.26 million before placement agent fees and other expenses, with net funds designated for working capital and general corporate purposes.
3. Closing and Conditions
The offering is scheduled to close on or about June 10, 2026, subject to customary closing conditions under the company’s shelf registration, with FT Global Capital as exclusive placement agent.
4. Company Profile
Mingteng International Corporation is a China-based automotive mold developer and supplier, providing design, production, assembly, testing, and after-sales services for molds used in turbocharger, braking, steering, differential systems, and new energy electric vehicle components from its Wuxi facility.
