Mint Incorporation Forms New Joint Venture with Synergy Technology Group
Mint Incorporation announced that its wholly-owned subsidiary, Axonex Intelligence Limited has entered into a joint venture agreement with Synergy Technology Group to establish Axonex Automation, a new Hong Kong-based joint venture company focused on commercializing advanced digital twin and drone flight. Under the JV Agreement, AXONEX will hold an 80% equity interest in Axonex Automation Limited, while STG will hold the remaining 20%. The joint venture will combine AXONEX's operational resources and international business capabilities with STG's proven technology in digital twins and drone flight control systems to drive scalable deployment in sectors such as infrastructure inspection, utilities, smart cities, and industrial operations.
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- Reverse Stock Split Decision: Mint Incorporation has approved a 1-for-10 reverse stock split, effective May 6, 2026, aimed at reducing the number of outstanding shares to boost the share price to meet Nasdaq's minimum $1 bid requirement.
- Capital Structure Change: Following the reverse split, MIMI's ordinary shares will decrease from approximately 20.5 million to about 2.05 million, which will not only affect the share price but also potentially alter the investor ownership structure.
- Market Reaction: Following the announcement of the split, MIMI shares fell 8.6% in premarket trading, indicating a negative market reaction that could impact investor confidence.
- Compliance Pressure: This move is intended to ensure the company meets Nasdaq's listing requirements by June 17, 2026, reflecting the compliance pressures the company faces in maintaining its market position and attracting investors.
- Reverse Stock Split Plan: Mint Incorporation Limited has announced a 1-for-10 reverse stock split affecting all issued and unissued shares, including Class A and Class B ordinary shares with no par value, aimed at increasing the per-share trading price to meet Nasdaq's minimum bid price requirement.
- Trading Schedule: The reverse stock split will take effect on May 6, 2026, when the company's Class A ordinary shares will begin trading on the Nasdaq Capital Market on a post-split basis, which is expected to enhance the company's image in the capital markets.
- Market Reaction: Prior to the reverse stock split announcement, MIMI's stock was trading at $0.29, down 0.72% from the previous trading day, indicating market concerns regarding the current stock price level, and the reverse split may be a necessary measure to boost shareholder confidence.
- Strategic Implications: By implementing the reverse stock split, Mint Incorporation aims to enhance the market appeal of its shares and bolster investor confidence, thereby laying the groundwork for future financing and business expansion, ensuring the company's vitality in a competitive market.
- Exhibition Participation: Mint's wholly-owned subsidiary AXONEX is showcasing its latest robotics series at the Hong Kong International Creative & Technology Expo (InnoEX) from April 13 to 16, 2026, aimed at fostering cross-sector collaboration and enhancing the company's market position in AI and robotics.
- New Product Launch: AXONEX is presenting the semi-humanoid robot NEX for the first time in Hong Kong, which integrates an AI system powered by NVIDIA Jetson AGX Orin and can recognize over 100 scenes and objects, addressing high labor costs and standardization challenges in the service industry.
- Intelligent Companion Robot: AXONEX is also showcasing the FLOKI Minibot M1, co-developed with Rice Robotics, featuring personalized interaction and practical functions, with future plans for customized upgrades targeting education, hospitality, and entertainment sectors to expand market applications.
- Smart Platform Innovations: AXONEX has launched several in-house developed AI smart platforms covering home, security, and workplace solutions, marking a significant advancement in smart living and industrial applications, aimed at delivering more efficient intelligent solutions to meet market demands.

- Strategic Market Entry: Mint Incorporation successfully delivered the FLOKI Minibot M1 prototype, marking its official entry into the rapidly growing consumer robotics market, which is expected to drive business diversification and enhance market competitiveness.
- Product Functionality Innovation: The FLOKI Minibot M1 integrates personalized AI with practical features such as smart reminders and educational tutoring, aiming to provide a more intuitive user experience than existing products, addressing the increasing demand for AI companions.
- Collaborative Development Advantage: The prototype was co-developed by Mint's wholly-owned subsidiary Axonex and Rice Robotics, leveraging both parties' expertise in robotics R&D and market applications, with plans to deliver 800 units by Q1 2026, further expanding commercial potential.
- Investment Expansion Plans: Mint and investors have agreed in principle to increase their investment in the strategic joint venture with Rice Robotics from HK$10 million to HK$15 million, demonstrating strong confidence in future market opportunities.
- Strong Financial Results: Applied Materials reported first-quarter revenue of $7.01 billion, exceeding analyst expectations of $6.87 billion, indicating robust demand in the semiconductor equipment market and reinforcing its market leadership.
- Earnings Beat: The company posted adjusted earnings of $2.38 per share for the first quarter, surpassing the $2.20 estimate, reflecting improved cost control and operational efficiency, which is likely to attract more investor interest.
- Stock Surge: Following the earnings report, Applied Materials shares jumped 11.9% to $367.50 in pre-market trading, indicating a positive market sentiment towards the company's growth prospects, potentially boosting investor confidence further.
- Positive Q2 Guidance: The company issued second-quarter guidance above market expectations, demonstrating management's confidence in future performance, which is expected to drive more capital inflows and enhance its competitive position in the industry.

- Stock Price Surge: Mint Incorporation's stock jumped 96.93% to $0.55 in after-hours trading on Thursday, following a regular session close of $0.28, down 10.66%, indicating market optimism regarding its new strategic partnership.
- Strategic Partnership: The company announced a collaboration with Rice Robotics Holdings to develop physical AI solutions across Asia, with an initial investment of approximately HK$10 million (about $1.27 million), aimed at expanding its market presence in Southeast Asia.
- B2C Robotics Expansion: This partnership combines Mint's smart office solutions in Southeast Asia with Rice Robotics' delivery platform, marking a significant shift from B2B to the promising B2C sector, thereby diversifying its business portfolio.
- Market Performance Analysis: Mint's market capitalization stands at $7.08 million, with a 94.31% decline in stock price over the past year, currently near its 52-week low; while short-term opportunities may arise, overall market sentiment remains negative, prompting investors to watch for reversal signals.








