Mingteng prices $2.96M direct offering at $2.00 per share

Mingteng International Corporation Inc. (Nasdaq: MTEN), an automotive mold developer based in Jiangsu, China, announced the pricing of a registered direct offering of 1.48 million Class A ordinary shares at $2.00 per share, along with pre-funded warrants to purchase additional Class A ordinary shares.

The company also issued unregistered warrants to purchase up to 1.48 million Class A ordinary shares at an exercise price of $2.00 per share in a concurrent private placement to the same investors. The private warrants are exercisable immediately upon closing and expire 18 months from the date of issuance.

Gross proceeds from the combined offering are expected to total approximately $2.96 million, before placement agent fees and other expenses. The company said it intends to use the net proceeds for working capital and general corporate purposes.

The offering was expected to close on or about June 18, 2026. FT Global Capital, Inc. is acting as the exclusive placement agent.

The offering was made pursuant to a shelf registration statement on Form F-3 declared effective by the U.S. Securities and Exchange Commission on November 18, 2025. The private placement warrants have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent an applicable registration or exemption.

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