Mingteng International Corp Inc (MTEN) News & EventsMTENNews & EventsMingteng International Corp Inc

Mingteng International Prices 1.48M Class A Shares at $2.00 Each

Mingteng International announced the pricing of its registered direct offering of 1.48M Class A ordinary shares at a purchase price of $2.00 per share, and pre-funded warrants to purchase Class A Ordinary Shares at an original exercise price of $2.00, with $1.99995 of the original exercise price pre-funded at the closing, and a remaining exercise price of $0.00005 per Class A Ordinary Share. In a concurrent private placement, the company also issued to the same investors unregistered warrants to purchase up to 1.48M Class A Ordinary Shares at an exercise price of $2.00 per Class A Ordinary Share. The Private Warrants are exercisable from the closing and will expire 18 months from the date of issuance. The gross proceeds from the offering and the concurrent private placement will be approximately $2.96M, before deducting placement agent fees and other offering expenses. The offering is expected to be closed on or about June 18. FT Global Capital is acting as the exclusive placement agent for the offering.

Mingteng International Completes Relocation, Increases Mold Production Capacity by 50%

Mingteng International announced the completion of its relocation to a newly-built production facility in December 2025. This milestone marks a breakthrough in the Company's capacity expansion strategy, integrating equipment upgrades with an optimized production layout. The strategic relocation is targeting to increase the Company's mold production capacity by 50% and lay a solid foundation for long-term growth of the Company's future operations.

Mingteng International Deepens Collaboration with Chinese NEV Supplier

Mingteng International announced the deepening of its ongoing collaboration with a supplier in China in the new energy vehicle, NEV, sector, as part of its continued efforts to support the strategic development of new energy technologies in the automotive market. Yingkai Xu, Chairman and Chief Executive Officer of Mingteng International, commented, "New energy technologies are reshaping the automotive industry and redefining how value is created across the supply chain. By deepening our cooperation with leading NEV suppliers, we are strengthening our role in critical powertrain applications and supporting customers as they expand their new energy product offerings. We believe innovation-driven collaboration will continue to play a key role in advancing sustainable development and positioning Mingteng International for long-term growth. Looking ahead, Mingteng International expects new energy technologies to continue reshaping the automotive industry. The Company plans to further leverage collaborative innovation to support sustainable development and the ongoing transition toward greener mobility solutions."