Dividends & Buybacks ·
Mingteng proposes 5-for-1 reverse split effective Dec. 2, 2026 to meet Nasdaq $1 bid price
MTENMingteng International Corp Inc.
Mingteng International Corporation Inc. filed a proxy statement for an extraordinary general meeting on November 20, 2026, seeking shareholder approval for a five-for-one share consolidation of its Class A and Class B ordinary shares. The reverse split would take effect on December 2, 2026, increasing the par value from US$0.00005 to US$0.00025 per share and reducing authorized capital from one billion to 200 million shares. The move aims to restore compliance with Nasdaq’s minimum bid price requirement following a previous consolidation in January 2026 that eliminated the company's eligibility for a standard compliance period. Mingteng International Corporation Inc. operates in the manufacturing sector, producing electronic components and related products.