Mingteng International closes $2.26 million registered direct offering

Mingteng International Corporation Inc. (NASDAQ: MTEN) completed a registered direct offering of 1,131,004 Class A ordinary shares at $2.00 per share, generating gross proceeds of approximately $2.26 million before fees and expenses.

The offering, which closed on June 10, 2026, also included pre-funded warrants to purchase Class A ordinary shares with an original exercise price of $2.00. The warrants had $1.99995 of the exercise price pre-funded at closing, leaving a remaining exercise price of $0.00005 per share.

The company stated it intends to use net proceeds for working capital and general corporate purposes. FT Global Capital, Inc. served as the exclusive placement agent for the transaction.

The offering was conducted under the company's shelf registration statement on Form F-3, initially filed with the Securities and Exchange Commission on June 6, 2025, and declared effective on June 25, 2025. The registration statement was subsequently amended twice before receiving final SEC effectiveness on November 18, 2025.

Mingteng International is a China-based automotive mold developer and supplier that produces molds for auto parts including turbocharger systems, braking systems, and steering components. The company operates a production facility in Wuxi, China, and also manufactures molds for electric vehicle motor drive systems and battery pack systems.

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