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Mingteng International Corp Inc. logo
MTEN$0.4551-9.03%

Mingteng International Corp Inc.

Sector: Metal Doors, Sash, Frames, Moldings & TrimIndustry: Manufacturing - Metal FabricationCountry: CNExchange: Nasdaq

Mkt Cap$3.48M
Float & O/S
Inst Own

DilutionScan read 25 of Mingteng International Corp Inc.'s SEC filings and found 5 warrant series, 1 ATM program, 1 shelf registration, 1 S-1 registration and 4 completed offerings on file for MTEN. The latest dilution event on file is a registration statement on Aug 3, 2026. Analysis updated Oct 5, 2026.

Signal8 Summary

MTEN

Micro-cap with extreme governance risks

Snapshot

MTEN is a tiny $2 million micro-cap that manufactures molds for automotive and construction machinery. The business is growing revenue, up 15% to $11.7 million in FY 2025, but remains unprofitable with a $1.8 million net loss. The company burns cash, generating $1.1 million in negative free cash flow, though it holds $1.6 million in cash against $2.9 million in debt.

What's Happening Right Now

  • : The company terminated its at-the-market offering program after raising $18 million in net proceeds through share sales.
  • : Shareholders approved increasing Class B voting rights from 20 to 200 votes per share, heavily entrenching founder control.
  • : MTEN sold $950K in new shares at $0.25 each, with CEO Yingkai Xu buying 40% of the offering.

Raise routes on file: effective shelf + effective S-1 · latest dilution event 92 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Aug 3, 2026 · Registration

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

S-1 · 1

What is this?

Size, shares registered and dates with Pro

S-1 · resale registration

Issued 2026

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 5

What is this?

Exercise price, shares and dates with Pro

IPO Representative (Underwriter) Warrants – April/May 2024

Issued 2024

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

June 2026 Pre-Funded Warrants (June 10, 2026 registered direct)

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

June 2026 Pre-Funded Warrants (June 18, 2026 registered direct)

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

ATM · 1

What is this?

Capacity, sold to date and agent with Pro

ATM program

Issued 2025

Terminated

Total capacity

Sold to date

Remaining capacity
Sales agent
Agreement date
Commission
Filing link and full terms

Shelf · 1

What is this?

Capacity, dates and baby-shelf status with Pro

F-3 shelf registration

Issued 2025

Active

Total capacity

Remaining

Filed
Effective
Expires
Baby shelf
Filing link and full terms

Offerings · 4

What is this?

Proceeds, price, shares and agent with Pro

PIPE

Issued 2025

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Registered direct offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Registered direct offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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