Mingteng International prices $2.26 million registered direct offering

Mingteng International Corporation Inc. (NASDAQ: MTEN) announced it has entered into a securities purchase agreement with institutional investors for a registered direct offering of up to 1,131,004 Class A ordinary shares at $2.00 per share, according to a company statement.

The offering includes Class A ordinary shares with a par value of $0.00005 per share and pre-funded warrants to purchase Class A ordinary shares at an original exercise price of $2.00. The pre-funded warrants have $1.99995 of the original exercise price pre-funded at closing, with a remaining exercise price of $0.00005 per Class A ordinary share.

The company expects gross proceeds of approximately $2.26 million before deducting placement agent fees and other offering expenses. Mingteng plans to use the net proceeds for working capital and general corporate purposes.

The offering is expected to close on or about June 10, 2026, subject to customary closing conditions. FT Global Capital, Inc. is serving as the exclusive placement agent for the offering.

The offering is being conducted under the company's shelf registration statement on Form F-3, which was 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 and declared effective by the SEC on November 18, 2025.

Mingteng International is a China-based automotive mold developer and supplier that focuses on molds used in auto parts. The company operates a production plant in Wuxi, China, and produces casting molds for various automotive systems including turbocharger systems, braking systems, and steering and differential systems.

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