Mingteng International Corporation Inc. - Registered Direct Offering
Mingteng International Corporation Inc. announced the closing of a registered direct offering on June 10, 2026. The offering involved the sale of 501,834 Class A ordinary shares at $2.00 per share and pre-funded warrants to purchase up to 629,170 Class A ordinary shares at $1.99995 per warrant. The company raised approximately $2.26 million in gross proceeds before fees and expenses. The net proceeds are intended for working capital and general corporate purposes. The pre-funded warrants were issued to specific investors to manage beneficial ownership limits. All pre-funded warrants were exercised on June 9, 2026, resulting in the issuance of 629,170 Class A ordinary shares. The company entered into a securities purchase agreement and a placement agency agreement with FT Global Capital, Inc. for this offering. Lock-up agreements were signed by shareholders, including directors and officers, restricting the sale of securities for 60 days post-offering. The offering was made pursuant to a previously filed Form F-3 registration statement.