{"success":true,"data":{"pressRelease":{"id":"18895","rtpr_id":"nGNXbRFShr","ticker":"MIMI","exchange":"NASDAQ","all_tickers":["MIMI"],"title":"Mint Incorporation Limited Announces 1-for-10 Reverse Stock Split","author":"Globe Newswire","published_at":"2026-05-04T12:00:01.807Z","article_body":"Hong Kong, May 04, 2026 (GLOBE NEWSWIRE) -- Mint Incorporation Limited\n(“Mint” or the “Company”, NASDAQ: MIMI), a Hong Kong-based company\nwith a new strategic focus on artificial intelligence (AI) and robotics, and\nan established business interior design and fit-out works provider, announces\nthat it is implementing a reverse stock split of all of the Company's issued\nand unissued shares, including the Class A ordinary shares with no par value\n(the \"Class A Ordinary Shares\") and Class B ordinary shares with no par value\n(the “Class B Ordinary Shares,” together with the Class A Ordinary Shares,\nthe \"Ordinary Shares\"), at an exchange ratio of one (1) share for ten (10)\nshares (the “Reverse Stock Split”). The Reverse Stock Split was approved\nby the Company’s Board of Directors on March 31, 2026.\n\nBeginning on May 6, 2026, the Company’s Class A Ordinary Shares will begin\ntrading on the Nasdaq Capital Market on a post-Reverse Stock Split basis under\nthe current ticker symbol “MIMI”. The new CUSIP number for the Class A\nOrdinary Shares following the Reverse Stock Split will be G6146G117. \n\nThe Reverse Stock Split will reduce the number of outstanding Class A Ordinary\nShares of the Company from approximately 20,512,500 Class A Ordinary Shares to\napproximately 2,051,250 Class A Ordinary Shares. Every ten (10) outstanding\nClass A Ordinary Shares will be combined into and automatically become one\npost-Reverse Stock Split Class A Ordinary Share. No fractional shares will be\nissued as a result of the Reverse Stock Split. Instead, any fractional shares\nthat would have resulted from the split will be rounded up to the next whole\nnumber.\n\nRegistered shareholders holding their shares of Ordinary Shares in book-entry\nor through a bank, broker or other nominee form do not need to take any action\nin connection with the Reverse Stock Split. Shareholders holding physical\nstock certificates will also generally receive book-entry shares instead of\ntheir existing certificates. The Company’s transfer agent, VStock Transfer\nLLC, will send further instructions.\n\nThe Reverse Stock Split is intended to increase the per share trading price of\nthe Company’s Class A Ordinary Shares to satisfy the $1.00 minimum bid\nprice requirement for continued listing of the Class A Ordinary Shares on the\nNasdaq Capital Market. Nasdaq previously provided the Company until June 17,\n2026, to regain compliance. There can be no assurance that the Company will be\nable to regain compliance with the minimum bid price requirement.\n\nAbout Mint Incorporation Limited\n\nMint Incorporation Limited (NASDAQ: MIMI), a Hong Kong-based Company listed on\nthe Nasdaq Capital Market, specializes in artificial intelligence (AI),\nrobotics, and interior design. Through Axonex Intelligence Limited, one of\nMint’s operating subsidiaries, the Company delivers intelligent robotics and\nfacility management solutions to enterprises, real estate, shopping centers,\nand government agencies. Through Matter International Limited, the Company\nalso provides professional interior design and renovation services. With a\nfocus on innovation and practical applications, Mint is committed to enhancing\nefficiency, safety, and quality of life across industries.\n\nForward-Looking Statements\n\nCertain statements in this press release are forward-looking statements. These\nforward-looking statements involve known and unknown risks and uncertainties\nand are based on the Company’s current expectations and projections about\nfuture events that the Company believes may affect its financial condition,\nresults of operations, business strategy, and financial needs. Investors can\nidentify these forward-looking statements by words or phrases such as\n“approximates,” “believes,” “hopes,” “expects,”\n“anticipates,” “estimates,” “projects,” “intends,”\n“plans,” “will,” “would,” “should,” “could,” “may” or\nother similar expressions. The Company undertakes no obligation to update or\nrevise publicly any forward-looking statements to reflect subsequent occurring\nevents or circumstances, or changes in its expectations, except as may be\nrequired by law. Although the Company believes that the expectations expressed\nin these forward-looking statements are reasonable, it cannot assure you that\nsuch expectations will turn out to be correct, and the Company cautions\ninvestors that actual results may differ materially from the anticipated\nresults, and encourages investors to review the risk factors contained in the\nCompany’s filings with the U.S. Securities and Exchange Commission (the\n“SEC”) before making any investment decisions regarding the Company’s\nsecurities.\n\nFor Media and Investor Inquiries:\n\nMint Incorporated Limited\nEmail: info@mimintinc.com\nTelephone: +852 2866 1663\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/18aa0934-0f26-4676-9b42-4f6019cfafdf)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXbRFShr","title":"Mint Incorporation Limited Announces 1-for-10 Reverse Stock Split","author":"Globe Newswire","ticker":"MIMI","created":"2026-05-04T12:00:01.807Z","tickers":["MIMI"],"exchange":"NASDAQ","article_body":"Hong Kong, May 04, 2026 (GLOBE NEWSWIRE) -- Mint Incorporation Limited\n(“Mint” or the “Company”, NASDAQ: MIMI), a Hong Kong-based company\nwith a new strategic focus on artificial intelligence (AI) and robotics, and\nan established business interior design and fit-out works provider, announces\nthat it is implementing a reverse stock split of all of the Company's issued\nand unissued shares, including the Class A ordinary shares with no par value\n(the \"Class A Ordinary Shares\") and Class B ordinary shares with no par value\n(the “Class B Ordinary Shares,” together with the Class A Ordinary Shares,\nthe \"Ordinary Shares\"), at an exchange ratio of one (1) share for ten (10)\nshares (the “Reverse Stock Split”). The Reverse Stock Split was approved\nby the Company’s Board of Directors on March 31, 2026.\n\nBeginning on May 6, 2026, the Company’s Class A Ordinary Shares will begin\ntrading on the Nasdaq Capital Market on a post-Reverse Stock Split basis under\nthe current ticker symbol “MIMI”. The new CUSIP number for the Class A\nOrdinary Shares following the Reverse Stock Split will be G6146G117. \n\nThe Reverse Stock Split will reduce the number of outstanding Class A Ordinary\nShares of the Company from approximately 20,512,500 Class A Ordinary Shares to\napproximately 2,051,250 Class A Ordinary Shares. Every ten (10) outstanding\nClass A Ordinary Shares will be combined into and automatically become one\npost-Reverse Stock Split Class A Ordinary Share. No fractional shares will be\nissued as a result of the Reverse Stock Split. Instead, any fractional shares\nthat would have resulted from the split will be rounded up to the next whole\nnumber.\n\nRegistered shareholders holding their shares of Ordinary Shares in book-entry\nor through a bank, broker or other nominee form do not need to take any action\nin connection with the Reverse Stock Split. Shareholders holding physical\nstock certificates will also generally receive book-entry shares instead of\ntheir existing certificates. The Company’s transfer agent, VStock Transfer\nLLC, will send further instructions.\n\nThe Reverse Stock Split is intended to increase the per share trading price of\nthe Company’s Class A Ordinary Shares to satisfy the $1.00 minimum bid\nprice requirement for continued listing of the Class A Ordinary Shares on the\nNasdaq Capital Market. Nasdaq previously provided the Company until June 17,\n2026, to regain compliance. There can be no assurance that the Company will be\nable to regain compliance with the minimum bid price requirement.\n\nAbout Mint Incorporation Limited\n\nMint Incorporation Limited (NASDAQ: MIMI), a Hong Kong-based Company listed on\nthe Nasdaq Capital Market, specializes in artificial intelligence (AI),\nrobotics, and interior design. Through Axonex Intelligence Limited, one of\nMint’s operating subsidiaries, the Company delivers intelligent robotics and\nfacility management solutions to enterprises, real estate, shopping centers,\nand government agencies. Through Matter International Limited, the Company\nalso provides professional interior design and renovation services. With a\nfocus on innovation and practical applications, Mint is committed to enhancing\nefficiency, safety, and quality of life across industries.\n\nForward-Looking Statements\n\nCertain statements in this press release are forward-looking statements. These\nforward-looking statements involve known and unknown risks and uncertainties\nand are based on the Company’s current expectations and projections about\nfuture events that the Company believes may affect its financial condition,\nresults of operations, business strategy, and financial needs. Investors can\nidentify these forward-looking statements by words or phrases such as\n“approximates,” “believes,” “hopes,” “expects,”\n“anticipates,” “estimates,” “projects,” “intends,”\n“plans,” “will,” “would,” “should,” “could,” “may” or\nother similar expressions. The Company undertakes no obligation to update or\nrevise publicly any forward-looking statements to reflect subsequent occurring\nevents or circumstances, or changes in its expectations, except as may be\nrequired by law. Although the Company believes that the expectations expressed\nin these forward-looking statements are reasonable, it cannot assure you that\nsuch expectations will turn out to be correct, and the Company cautions\ninvestors that actual results may differ materially from the anticipated\nresults, and encourages investors to review the risk factors contained in the\nCompany’s filings with the U.S. Securities and Exchange Commission (the\n“SEC”) before making any investment decisions regarding the Company’s\nsecurities.\n\nFor Media and Investor Inquiries:\n\nMint Incorporated Limited\nEmail: info@mimintinc.com\nTelephone: +852 2866 1663\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/18aa0934-0f26-4676-9b42-4f6019cfafdf)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-04T12:00:01.870927148Z","server_sent_at_ms":1777896001870},"received_at":"2026-05-04T12:00:01.931Z","source_url":"https://www.globenewswire.com/news-release/2026/05/04/3286661/0/en/Mint-Incorporation-Limited-Announces-1-for-10-Reverse-Stock-Split.html"},"analysis":{"id":"13698","press_release_id":"18895","analysis_json":{"industry":{"label":"Software & Services","sector":"Information Technology"},"redFlags":["reverse split implemented to maintain listing compliance","uncertainty regarding regaining Nasdaq compliance"],"eventType":"offering","narrative":"Mint Incorporation announced a 1-for-10 reverse stock split of its Class A and Class B ordinary shares to satisfy Nasdaq's $1.00 minimum bid price requirement.\n\nThe split reduces outstanding Class A shares from approximately 20.5 million to 2.05 million, with trading on a split-adjusted basis beginning May 6, 2026.\n\nNasdaq has granted the company until June 17, 2026, to regain compliance, though the company cautioned there is no assurance it will do so.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"Reverse split executed to meet Nasdaq listing standards; watch for continued compliance efforts."},"keyFigures":{"customDimensions":{"compliance_deadline":"June 17, 2026","reverse_split_ratio":"1-for-10","pre_split_shares_outstanding":20512500,"post_split_shares_outstanding":2051250}},"quotedText":"The Reverse Stock Split is intended to increase the per share trading price of the Company’s Class A Ordinary Shares to satisfy the $1.00 minimum bid price requirement for continued listing of the Class A Ordinary Shares on the Nasdaq Capital Market.","namedEntities":{"people":[],"products":[],"companies":[{"name":"Mint Incorporation Limited","ticker":"MIMI"},{"name":"VStock Transfer LLC","relationship":"transfer agent"},{"name":"Axonex Intelligence Limited","relationship":"subsidiary"},{"name":"Matter International Limited","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$1.00","context":"minimum bid price requirement"}]},"materialImpact":{"score":3,"reasoning":"Reverse stock split implemented primarily to regain compliance with Nasdaq's $1.00 minimum bid price requirement. While not an immediate dilutive offering, it signals financial distress and reduced share count."},"tickerRelevance":{"others":[],"primary":"MIMI"},"globalImportance":15,"audienceRelevance":20,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"corporate_action_reverse_split","complianceRisk":"high"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bearish","material_impact_score":3,"narrative":"Mint Incorporation announced a 1-for-10 reverse stock split of its Class A and Class B ordinary shares to satisfy Nasdaq's $1.00 minimum bid price requirement.\n\nThe split reduces outstanding Class A shares from approximately 20.5 million to 2.05 million, with trading on a split-adjusted basis beginning May 6, 2026.\n\nNasdaq has granted the company until June 17, 2026, to regain compliance, though the company cautioned there is no assurance it will do so.","key_figures":{"customDimensions":{"compliance_deadline":"June 17, 2026","reverse_split_ratio":"1-for-10","pre_split_shares_outstanding":20512500,"post_split_shares_outstanding":2051250}},"named_entities":{"people":[],"products":[],"companies":[{"name":"Mint Incorporation Limited","ticker":"MIMI"},{"name":"VStock Transfer LLC","relationship":"transfer agent"},{"name":"Axonex Intelligence Limited","relationship":"subsidiary"},{"name":"Matter International Limited","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$1.00","context":"minimum bid price requirement"}]},"model_name":"glm-4.7","prompt_hash":"sha256:a2703c5a1b5285fe","schema_hash":"sha256:1f8af1196c7db48c","created_at":"2026-05-04T14:16:57.218Z","global_importance":15,"audience_relevance":20,"importance_components":{"tickerTier":"micro-cap","eventGravity":"corporate_action_reverse_split","complianceRisk":"high"}},"durationMs":48919,"modelName":"glm-4.7"}}