Mingteng International Corp Inc. (MTEN) Form 6-K — Oct 30, 2026
Mingteng International (MTEN) is asking shareholders to approve a 5-for-1 reverse share split of its Class A and Class B ordinary shares, effective December 2, 2026, along with a conforming restatement of its memorandum and articles of association. This is the company's second reverse split in under a year, following a 200-for-1 consolidation on January 26, 2026. The stated purpose is to lift the share price back above Nasdaq's US$1.00 minimum bid requirement and avoid delisting.
Key figures
- Reverse split ratio
- 1:5
- Effective Date
- December 2, 2026
- Prior reverse split
- 200:1 effected January 26, 2026
- Nasdaq Minimum Bid Price
- US$1.00
- Pre Consolidation Authorized Shares
- 1000000000
- Class APost Consolidation Authorized
- 199600000
- Class BPost Consolidation Authorized
- 400
- Post Consolidation Authorized Shares
- 200000000
AI analysis
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