Mingteng International Corporation Inc. Announces Closing of $2.96 Million Registered Direct Offering and Concurrent Private Placement
| The Manila Times
Jiangsu, China, June 18, 2026 (GLOBE NEWSWIRE) -- Mingteng International Corporation Inc. (Nasdaq: MTEN) (the 'Company”) today announced the closing of its previously announced registered direct offering of 1.48 million Class A ordinary shares, par value $0.00005 per share ('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 1.48 million Class A Ordinary Shares (the 'Private Warrants”), 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.