Mint Inc Ltd (MIMI) Form 6-K — Aug 11, 2026
Mint Incorporation Limited raised US$2.0 million through a PIPE with certain of its existing shareholders, selling 6,329,115 Class A ordinary shares at US$0.316 per share — 20% of the US$1.58 Nasdaq close on July 29, 2026, an 80% discount to market. Payment was received August 10, 2026 and the shares were issued August 11, 2026. The new PIPE shares equal roughly half of the post-issuance Class A share count (12,690,742 Class A shares outstanding, plus 701,879 Class B), implying nearly 50% dilution to existing Class A holders. Proceeds are earmarked for general working capital and general corporate purposes.
Key figures
- Gross Proceeds
- 2000000
- Offering Price
- 0.316
- Shares Offered
- 6329115
- Shares Outstanding
- 12,690,742 Class A and 701,879 Class B ordinary shares issued and outstanding post-issuance
- Discount to market
- 80% (priced at 20% of the US$1.58 Nasdaq close on 2026-07-29)
- Shares issued date
- 2026-08-11
- Funds received date
- 2026-08-10
- Implied class a dilution
- ~49.9% of post-issuance Class A shares (derived from stated counts)
- Reference market price usd
- 1.58
- Resale registration deadline
- 60 calendar days after closing (Form F-3 or F-1)
AI analysis
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