Mint Incorporation Limited Announces 1-for-10 Reverse Stock Split
Mint Incorporation Limited announces a 1-for-10 reverse stock split to increase the per share trading price of its Class A Ordinary Shares and satisfy Nasdaq's $1.00 minimum bid price requirement. The reverse stock split will reduce the number of outstanding Class A Ordinary Shares from approximately 20,512,500 to 2,051,250.
Mint Incorporation Limited, a Hong Kong-based company listed on the Nasdaq Capital Market, is implementing a 1-for-10 reverse stock split of its issued and unissued shares. The move was approved by the Company's Board of Directors on March 31, 2026. The reverse stock split aims to increase the per share trading price to satisfy Nasdaq's $1.00 minimum bid price requirement. The Company's Class A Ordinary Shares will begin trading on a post-reverse stock split basis on May 6, 2026, under the ticker symbol 'MIMI'. Registered shareholders do not need to take action, while those holding physical certificates will receive book-entry shares. The reverse stock split is intended to help the Company regain compliance with Nasdaq's listing requirements by June 17, 2026.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.