Mingteng International Prices ~$2.26M Offering Of 1.13M Class A Ordinary Shares At $2/Share Exercise Price
Benzinga·06/09/2026 18:52:18
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Mingteng International Corporation Inc. (NASDAQ:MTEN) (the "Company") today announced that it has entered into a securities purchase agreement with certain institutional investors for the sale of up to 1,131,004 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.
The gross proceeds from the offering are expected to be approximately $2.26 million, before deducting placement agent fees and other offering expenses.
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