Mingteng International Corp., Inc. (MTEN) has released an update.
Mingteng International Corporation Inc. has announced the terms for its Purchase Warrants, which will be exercisable starting from October 14, 2024, until April 17, 2029, with an exercise price of $4.80 per share. The Warrants come with a 180-day restriction period post-initial sales during which they cannot be sold or transferred, except under certain conditions. Furthermore, the Warrants include provisions for cashless exercise in the absence of an effective registration statement or available prospectus.
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