{"success":true,"data":{"pressRelease":{"id":"59289","rtpr_id":"nGNXc10SkY","ticker":"MTEN","exchange":"NASDAQ","all_tickers":["MTEN"],"title":"Mingteng International Corporation Inc. Announces Pricing of $2.26 Million Registered Direct Offering","author":"Globe Newswire","published_at":"2026-06-09T18:48:00.118Z","article_body":"Jiangsu, China, June 09, 2026 (GLOBE NEWSWIRE) -- Mingteng International\nCorporation Inc. (Nasdaq: MTEN) (the “Company”) today announced that it\nhas entered into a securities purchase agreement with certain institutional\ninvestors for the sale of up to 1,131,004 Class A ordinary shares, par value\n$0.00005 per share (“Class A Ordinary Shares”), at a purchase price of\n$2.00 per share, and pre-funded warrants to purchase Class A Ordinary Shares\nat an original exercise price of $2.00, with $1.99995 of the original exercise\nprice pre-funded at the closing, and a remaining exercise price of $0.00005\nper Class A Ordinary Share.\n\nThe gross proceeds from the offering are expected to be approximately $2.26\nmillion, before deducting placement agent fees and other offering expenses.\n\nThe Company expects to use the net proceeds from this offering for working\ncapital and general corporate purposes.\n\nThe offering is expected to close on or about June 10, 2026, subject to the\nsatisfaction of customary closing conditions. \n\nFT Global Capital, Inc. is acting as the exclusive placement agent for the\noffering.\n\nThe offering is being made pursuant to the Company’s “shelf”\nregistration statement on Form F-3 (File No. 333- 287843), initially filed\nwith the U.S. Securities and Exchange Commission (the “SEC”) on June 6,\n2025 and declared effective on June 25, 2025, as amended by Post-Effective\nAmendment No. 1 filed on October 7, 2025 and Post-Effective Amendment No. 2\nfiled on October 24, 2025, and declared effective by the SEC on November 18,\n2025. A prospectus supplement and accompanying base prospectus describing the\nterms of the offering will be filed with the SEC and will be available on the\nSEC’s website at www.sec.gov.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy any securities, nor shall there be any sale of these\nsecurities in any state or jurisdiction in which such offer, solicitation, or\nsale would be unlawful prior to registration or qualification under the\nsecurities laws of any such state or jurisdiction.\n\nSafe Harbor Statement\n\nThis press release contains forward-looking statements. These statements are\nmade under the “safe harbor” provisions of the U.S. Private Securities\nLitigation Reform Act of 1995. Statements that are not historical facts,\nincluding those regarding Mingteng International Corporation Inc.’s beliefs\nand expectations about its business strategy, growth outlook, and operational\nplans are forward-looking statements. Forward-looking statements involve\ninherent risks and uncertainties. Several factors could cause actual results\nto differ materially from those contained in any forward-looking statement.\nThese factors include, but are not limited to: (i) capital and credit market\nvolatility, (ii) local and global economic conditions, (iii) anticipated\ngrowth strategies and integration plans, (iv) regulatory changes or\ngovernmental approvals, and (v) future business development, operational\nresults, and financial performance of Mingteng International Corporation Inc..\nIn some cases, forward-looking statements can be identified by words or\nphrases such as “may,” “will,” “expect,” “anticipate,”\n“target,” “aim,” “estimate,” “intend,” “plan,”\n“believe,” “potential,” “continue,” “is/are likely to,” or\nother similar expressions. All information provided in this press release is\nas of the date of this press release, and Mingteng International Corporation\nInc. undertakes no obligation to update such information, except as required\nunder applicable law.\n\nAbout Mingteng International Corporation Inc.\n\nBased in China, Mingteng International Corporation Inc. is an automotive\nmold developer and supplier that focuses on molds used in auto parts. The\nCompany provides customers with comprehensive and personalized mold services,\ncovering mold design and development, mold production, assembly, testing,\nrepair and after-sales service. With its production plant located in Wuxi,\nChina, the Company aims to build a systematic solution for automobile mold\nservices and create a personalized and integrated “Turnkey Project” for\ncustomers. The Company’s main products are casting molds for turbocharger\nsystems, braking systems, steering and differential system, and other\nautomotive system parts. The Company also produces molds for new energy\nelectric vehicle motor drive systems, battery pack systems, and engineering\nhydraulic components, which are widely used in automobile, construction\nmachinery and other manufacturing industries. For more information, please\nvisit the Company’s website: https://ir.wxmtmj.cn/.\n\nFor investor and media inquiries, please contact:\n\nMingteng International Corporation Inc.\nInvestor Relations Department\nEmail: ir@wxmtmj.cn\n  \n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXc10SkY","title":"Mingteng International Corporation Inc. Announces Pricing of $2.26 Million Registered Direct Offering","author":"Globe Newswire","ticker":"MTEN","created":"2026-06-09T18:48:00.118Z","tickers":["MTEN"],"exchange":"NASDAQ","article_body":"Jiangsu, China, June 09, 2026 (GLOBE NEWSWIRE) -- Mingteng International\nCorporation Inc. (Nasdaq: MTEN) (the “Company”) today announced that it\nhas entered into a securities purchase agreement with certain institutional\ninvestors for the sale of up to 1,131,004 Class A ordinary shares, par value\n$0.00005 per share (“Class A Ordinary Shares”), at a purchase price of\n$2.00 per share, and pre-funded warrants to purchase Class A Ordinary Shares\nat an original exercise price of $2.00, with $1.99995 of the original exercise\nprice pre-funded at the closing, and a remaining exercise price of $0.00005\nper Class A Ordinary Share.\n\nThe gross proceeds from the offering are expected to be approximately $2.26\nmillion, before deducting placement agent fees and other offering expenses.\n\nThe Company expects to use the net proceeds from this offering for working\ncapital and general corporate purposes.\n\nThe offering is expected to close on or about June 10, 2026, subject to the\nsatisfaction of customary closing conditions. \n\nFT Global Capital, Inc. is acting as the exclusive placement agent for the\noffering.\n\nThe offering is being made pursuant to the Company’s “shelf”\nregistration statement on Form F-3 (File No. 333- 287843), initially filed\nwith the U.S. Securities and Exchange Commission (the “SEC”) on June 6,\n2025 and declared effective on June 25, 2025, as amended by Post-Effective\nAmendment No. 1 filed on October 7, 2025 and Post-Effective Amendment No. 2\nfiled on October 24, 2025, and declared effective by the SEC on November 18,\n2025. A prospectus supplement and accompanying base prospectus describing the\nterms of the offering will be filed with the SEC and will be available on the\nSEC’s website at www.sec.gov.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy any securities, nor shall there be any sale of these\nsecurities in any state or jurisdiction in which such offer, solicitation, or\nsale would be unlawful prior to registration or qualification under the\nsecurities laws of any such state or jurisdiction.\n\nSafe Harbor Statement\n\nThis press release contains forward-looking statements. These statements are\nmade under the “safe harbor” provisions of the U.S. Private Securities\nLitigation Reform Act of 1995. Statements that are not historical facts,\nincluding those regarding Mingteng International Corporation Inc.’s beliefs\nand expectations about its business strategy, growth outlook, and operational\nplans are forward-looking statements. Forward-looking statements involve\ninherent risks and uncertainties. Several factors could cause actual results\nto differ materially from those contained in any forward-looking statement.\nThese factors include, but are not limited to: (i) capital and credit market\nvolatility, (ii) local and global economic conditions, (iii) anticipated\ngrowth strategies and integration plans, (iv) regulatory changes or\ngovernmental approvals, and (v) future business development, operational\nresults, and financial performance of Mingteng International Corporation Inc..\nIn some cases, forward-looking statements can be identified by words or\nphrases such as “may,” “will,” “expect,” “anticipate,”\n“target,” “aim,” “estimate,” “intend,” “plan,”\n“believe,” “potential,” “continue,” “is/are likely to,” or\nother similar expressions. All information provided in this press release is\nas of the date of this press release, and Mingteng International Corporation\nInc. undertakes no obligation to update such information, except as required\nunder applicable law.\n\nAbout Mingteng International Corporation Inc.\n\nBased in China, Mingteng International Corporation Inc. is an automotive\nmold developer and supplier that focuses on molds used in auto parts. The\nCompany provides customers with comprehensive and personalized mold services,\ncovering mold design and development, mold production, assembly, testing,\nrepair and after-sales service. With its production plant located in Wuxi,\nChina, the Company aims to build a systematic solution for automobile mold\nservices and create a personalized and integrated “Turnkey Project” for\ncustomers. The Company’s main products are casting molds for turbocharger\nsystems, braking systems, steering and differential system, and other\nautomotive system parts. The Company also produces molds for new energy\nelectric vehicle motor drive systems, battery pack systems, and engineering\nhydraulic components, which are widely used in automobile, construction\nmachinery and other manufacturing industries. For more information, please\nvisit the Company’s website: https://ir.wxmtmj.cn/.\n\nFor investor and media inquiries, please contact:\n\nMingteng International Corporation Inc.\nInvestor Relations Department\nEmail: ir@wxmtmj.cn\n  \n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-09T18:48:00.163124887Z","server_sent_at_ms":1781030880163},"received_at":"2026-06-09T18:48:00.233Z","source_url":null},"analysis":{"id":"48716","press_release_id":"59289","analysis_json":{"industry":{"label":"Industrial Machinery","sector":"Industrials"},"redFlags":["Use of proceeds is 'working capital and general corporate purposes' rather than specific growth projects","Registered direct offering structure implies potential discount to market price and immediate dilution"],"eventType":"offering","narrative":"Mingteng International priced a registered direct offering of 1,131,004 Class A ordinary shares and pre-funded warrants at $2.00 per share.\n\nThe transaction generates gross proceeds of approximately $2.26 million, which the company intends to use for working capital and general corporate purposes.\n\nFT Global Capital, Inc. acted as the exclusive placement agent, and the deal is expected to close on June 10, 2026.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"MTEN raises $2.26M via direct offering; watch for dilution impact and discount to market."},"keyFigures":{"dealValueUsd":2260000,"offeringPrice":2,"sharesOffered":1131004,"customDimensions":{"par_value":0.00005,"pre_funded_amount":1.99995,"remaining_exercise_price":0.00005,"pre_funded_warrant_exercise_price":2}},"quotedText":"The Company expects to use the net proceeds from this offering for working capital and general corporate purposes.","namedEntities":{"people":[],"products":[],"companies":[{"name":"Mingteng International Corporation Inc.","ticker":"MTEN","relationship":"issuer"},{"name":"FT Global Capital, Inc.","relationship":"placement agent"},{"name":"U.S. Securities and Exchange Commission","relationship":"regulator"}],"dollarAmounts":[{"amount":"$2.26 million","context":"gross proceeds from the offering"},{"amount":"$2.00","context":"purchase price per share"},{"amount":"$0.00005","context":"par value per share"},{"amount":"$1.99995","context":"pre-funded amount per warrant"}]},"materialImpact":{"score":3,"reasoning":"The company is raising $2.26 million via a registered direct offering. While the absolute dollar amount is small, direct offerings typically involve significant dilution and are often priced at a discount to market, signaling immediate downward pressure on the stock price and potential liquidity constraints."},"tickerRelevance":{"others":[],"primary":"MTEN"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"dilutive_offering","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bearish","material_impact_score":3,"narrative":"Mingteng International priced a registered direct offering of 1,131,004 Class A ordinary shares and pre-funded warrants at $2.00 per share.\n\nThe transaction generates gross proceeds of approximately $2.26 million, which the company intends to use for working capital and general corporate purposes.\n\nFT Global Capital, Inc. acted as the exclusive placement agent, and the deal is expected to close on June 10, 2026.","key_figures":{"dealValueUsd":2260000,"offeringPrice":2,"sharesOffered":1131004,"customDimensions":{"par_value":0.00005,"pre_funded_amount":1.99995,"remaining_exercise_price":0.00005,"pre_funded_warrant_exercise_price":2}},"named_entities":{"people":[],"products":[],"companies":[{"name":"Mingteng International Corporation Inc.","ticker":"MTEN","relationship":"issuer"},{"name":"FT Global Capital, Inc.","relationship":"placement agent"},{"name":"U.S. Securities and Exchange Commission","relationship":"regulator"}],"dollarAmounts":[{"amount":"$2.26 million","context":"gross proceeds from the offering"},{"amount":"$2.00","context":"purchase price per share"},{"amount":"$0.00005","context":"par value per share"},{"amount":"$1.99995","context":"pre-funded amount per warrant"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-09T18:48:40.137Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"dilutive_offering","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"durationMs":39893,"modelName":"george-droid-qwen-72b"}}