Mint Incorporation Limits Shares to 2.05 Million via 1-for-10 Split
Mint Incorporation Limited is implementing a 1-for-10 reverse stock split on May 6, 2026, reducing its Class A shares from approximately 20.5 million to 2.05 million to meet Nasdaq’s $1.00 minimum bid price requirement. Post-split shares will retain ticker “MIMI” with new CUSIP G6146G117.
1. Reverse Stock Split Implementation
Mint Incorporation Limited will implement a 1-for-10 reverse stock split on May 6, 2026, consolidating every ten Class A ordinary shares into one share. The action reduces Class A shares from about 20.5 million to roughly 2.05 million and assigns new CUSIP G6146G117.
2. Purpose and Listing Compliance
The split aims to boost the per share price above Nasdaq’s $1.00 minimum bid requirement, with the company given until June 17, 2026 to regain compliance. Failure to meet this threshold may jeopardize its continued listing on the Nasdaq Capital Market.
3. Shareholder Instructions and Impact
Shareholders holding book-entry or nominee shares need not act, and physical certificate holders will receive post-split book-entry shares. Any fractional shares resulting from the split will be rounded up to the next whole share by the transfer agent.