MINGTENG INTL CORP INC.

Mingteng International placed 1.48 million Class A common shares at $2.00 each and pre-funded warrants with an effective remaining exercise price of $0.00005. At the same time, unregistered warrants for up to 1.48 million shares at $2.00 were issued in a private placement; the warrants expire in 18 months. Gross proceeds from the offering and private placement are about $2.96 million; net proceeds are intended for working capital and general corporate purposes. FT Global Capital served as exclusive placement agent; the transaction was conducted under an F-3 shelf registration. The stock last traded at $2.26 but is down about 99.89% year to date; market capitalization is $13.15 million with $11.66 million in revenue over the last twelve months. » More on de.investing.com

Mingteng International completed a registered direct offering of 1.48 million common shares at $2.00 each, along with pre-funded warrants and unregistered private placement warrants with the same exercise price. The warrants from the private placement are exercisable upon issuance and expire 18 months after issuance. Gross proceeds from the offering and private placement total approximately $2.96 million before fees; the funds are intended for working capital and general corporate purposes. The transaction comes amid extreme price volatility in MTEN shares; the company recently reported negative metrics (EPS -$39.34, negative free cash flow) with a market capitalization of $15.4 million and twelve‑month revenues of $11.7 million. » More on de.investing.com

Mingteng’s shares plunged about 32.4% after the company set the price for a registered direct placement at $2.00 per share. Offered are 1.48 million class A common shares and pre-funded warrants with an effective exercise price of $2.00. In a concurrent private placement, additional unregistered warrants for up to 1.48 million shares were issued. Gross proceeds are expected to be about $2.96 million; the funds are intended for working capital and general corporate purposes, and the closing is expected around June 18, 2026. » More on de.investing.com