IPO - Mingteng International Corp Inc.

Form Type: F-1/A

Filing Date: 2025-03-20

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025025228

Filing Summary: Mingteng International Corporation Inc. has filed Amendment No. 2 to its Form F-1 Registration Statement for an initial public offering (IPO), proposing to sell up to 2,640,845 ordinary shares and/or pre-funded warrants to purchase ordinary shares at an assumed price of $5.68 per share, which reflects the last reported sale price on March 14, 2025. The offering is anticipated to commence as soon as practicable following the effective date of the registration statement. A specific structure has been outlined, allowing purchasers whose ownership exceeds 4.99% post-offering to acquire pre-funded warrants instead of ordinary shares. The structure of the offering entails that the number of ordinary shares offered will decrease on a one-for-one basis for each pre-funded warrant sold. Furthermore, the document elaborates on various risks related to doing business in China, regulatory changes, and the emerging growth company status. It discusses potential issues with the Public Company Accounting Oversight Board (PCAOB) related to the trading of its securities in the U.S. and the implications of regulatory frameworks on their operations and financial transactions.

Document Link: View Document

Form Type: F-1/A

Filing Date: 2025-02-26

Corporate Action: Ipo

Type: Update

Accession Number: 000121390025017160

Filing Summary: Mingteng International Corporation Inc. is amending its registration statement on Form F-1 to offer up to 4,480,287 ordinary shares and/or Pre-Funded Warrants at an assumed offering price of $5.58 per share, which reflects the last reported sale price before filing. The offer is positioned as a best efforts basis and aligns with new regulations by the China Securities Regulatory Commission (CSRC) that require companies to follow strict filing procedures for overseas listings. The prospectus outlines potential market risks including volatility in share price, regulatory impacts from Chinese authorities, and obligations under the Holding Foreign Companies Accountable Act which may affect trading on U.S. exchanges. The company is also classified as an emerging growth company under U.S. securities laws, and will not sell the securities until the registration statement is effective. The offering looks to use proceeds to support its operations, although uncertainty remains over the ability to effectively implement its business plan due to regulatory constraints in China.

Document Link: View Document

Form Type: F-1

Filing Date: 2025-01-28

Corporate Action: Ipo

Type: New

Accession Number: 000121390025007176

Filing Summary: On January 27, 2025, Mingteng International Corporation Inc. filed its F-1 Registration Statement with the SEC to register up to ordinary shares for public offering. This registration is in connection with Mingteng's IPO, which follows its recent approval from the China Securities Regulatory Commission (CSRC) regarding its filing procedures for overseas offerings. The ordinary shares have been listed on the Nasdaq Capital Market under the symbol 'MTEN'. The offering is structured on a best efforts basis at an assumed price per share to be determined through discussions with placement agents. The registration statement indicates significant market volatility in the trading price of the shares since its initial public offering on April 22, 2024, with trading prices ranging from a low of $2.65 to a high of $9.87. The prospectus outlines multiple risks related to doing business in China, including regulatory changes, potential governmental interventions, and the implications of the Holding Foreign Companies Accountable Act on trading in the U.S. market. The company emphasizes that it operates solely through its subsidiaries in China, thus making it subject to specific legal and operational risks. Capital distributions depend on the profits reported under PRC accounting standards, with recent dividends declared. Mingteng International is classified as an emerging growth company, allowing it to report with reduced requirements under federal securities laws.

Document Link: View Document