Mint Inc announces 1-for-10 reverse stock split to meet Nasdaq price rules

Mint Incorporation Limited, a Hong Kong-based AI and robotics company, will implement a 1-for-10 reverse stock split effective May 6, 2026. This move reduces the number of outstanding shares to increase the per-share price, aiming to meet Nasdaq's $1 minimum bid price requirement for continued listing. The company's shares will continue trading under the same ticker symbol "MIMI" post-split. Shareholders do not need to take action, and fractional shares will be rounded up. The split is part of efforts to maintain Nasdaq listing compliance, with a deadline of June 17, 2026, though compliance is not guaranteed.