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Mingteng International Corp., Inc. ( (MTEN) ) has shared an announcement.
On December 4, 2025, Mingteng International Corporation Inc. entered into a US$100 million at-the-market (ATM) equity offering program with AC Sunshine Securities LLC as sales agent, enabling the company to sell Class A ordinary shares under its existing U.S. shelf registration. By January 21, 2026, Mingteng had issued 222,568,877 Class A ordinary shares through this facility, raising about US$20.6 million in gross proceeds and approximately US$18.0 million in net proceeds after commissions and expenses, bringing its total outstanding Class A shares to 242,334,931. The company retains roughly US$79.4 million in remaining capacity under the ATM program, which remains active, and plans to deploy the new capital for general corporate purposes, including working capital, business development initiatives and capital expenditures, signaling an ongoing effort to strengthen its balance sheet and fund growth initiatives through incremental equity issuance.
The most recent analyst rating on (MTEN) stock is a Hold with a $0.03 price target. To see the full list of analyst forecasts on Mingteng International Corp., Inc. stock, see the MTEN Stock Forecast page.
Spark’s Take on MTEN Stock
According to Spark, TipRanks’ AI Analyst, MTEN is a Neutral.
The score is primarily pressured by weak financial quality (negative margins and declining free cash flow) and very bearish technicals (deeply below moving averages with negative MACD). Valuation provides limited support because the P/E is negative due to losses and no dividend yield is available.
To see Spark’s full report on MTEN stock, click here.
More about Mingteng International Corp., Inc.
Mingteng International Corporation Inc. is a foreign private issuer headquartered in Wuxi, Jiangsu Province, China, and its Class A ordinary shares are listed in the United States, where it accesses U.S. capital markets under an effective shelf registration on Form F-3.
Average Trading Volume: 31,301,540
Technical Sentiment Signal: Sell
Current Market Cap: $215.6K
For an in-depth examination of MTEN stock, go to TipRanks’ Overview page.