Dividends & Buybacks ·
Mingteng proposes 5-for-1 reverse split effective around Nov 30 to meet Nasdaq $1.00 bid price requirement
MTENMingteng International Corp Inc.
Mingteng International Corporation Inc. is seeking shareholder approval at an extraordinary general meeting on November 20, 2026, for a five-for-one share consolidation (reverse stock split) of its Class A and Class B Ordinary Shares. The transaction aims to increase the market price per share to comply with Nasdaq’s minimum bid price requirement and avoid delisting, following a previous 200-for-1 consolidation in January 2026 that eliminated any compliance grace period. If approved, the effective date is expected to be on or around November 30, 2026. The company also proposes conforming amendments to its Memorandum and Articles of Association to reflect the reduced authorized share capital. Mingteng International Corporation Inc. operates in the manufacturing sector.