Mint Partners with Rice Robotics to Establish New Company
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Mint announced that its wholly-owned subsidiary, Aspiration X, has entered into a joint venture agreement with Rice Robotics to establish Rice Robotics AGI, a new British Virgin Islands joint venture company. Rice Robotics AGI will focus on the development and sales of the next generation of AI companion robots, or as may be expanded or changed by Rice Robotics AGI from time to time in accordance with the JV Agreement. Pursuant to the JV agreement, Aspiration X and/or its nominee(s) will contribute HK$15M in funding, as well as provide human resources and research and development support to Rice Robotics AGI. On the other hand, Rice Robotics will, among other things, provide Rice Robotics AGI with its existing technology, intellectual property, clients, know-how and marketing and sales support. The JV agreement also contains customary provisions relating to governance of Rice Robotics AGI, including shareholder consent rights for certain significant matters, transfer restrictions, and pre-emptive rights in connection with future issuances of shares of Rice Robotics AGI. The establishment of this joint venture marks a significant strategic step by Mint to further expand its footprint in the AI companion robot market, expected to extend the Group's robotics capabilities from business-to-business applications into the consumer space. The collaboration brings together Mint's strategic resources with Rice Robotics' proven autonomous navigation and AI technology, building on the successful co-development and delivery of the FLOKI Minibot M1 for commercial applications. Rice Robotics AGI is now expected to channel that technical foundation directly into the consumer arena, focusing on developing and commercializing consumer-oriented AI companion robots that integrate emotional AI and autonomous navigation to create joyful everyday experiences.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy MIMI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on MIMI
About MIMI
Mint Incorporation Ltd is an investment holding company principally engaged in interior design and fit out work businesses. The Company is principally engaged in the interior design and fit out work such as overall project management, supervision of the construction and installation of interior fit out works carried out by own subcontractors, procurement and supply of carpentry, joiner, integral furniture, fixtures and accessories as well as others. In addition, the Company is engaged in the creation of tailor-made interior design proposals, as well as provision of total solutions for smart facility management by robotics, Internet of things (IoT), and artificial intelligence (AI) technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Mint Incorporation Approves 1-for-10 Reverse Stock Split
- 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.
See More
Mint Incorporation Announces 1-for-10 Reverse Stock Split
- 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.
See More
Mint Incorporation Showcases New Robotics at InnoEX
- 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.
See More
Mint Incorporation Launches FLOKI Minibot M1, Entering Consumer Robotics Market
- 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.
See More
Applied Materials Reports Strong Q1 Results, Shares Surge
- 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.
See More
Mint Incorporation Forms Strategic Partnership with Rice Robotics for Asian Market Expansion
- 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.
See More
Mint Incorporation Approves 1-for-10 Reverse Stock Split
- 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.
See More
Mint Incorporation Announces 1-for-10 Reverse Stock Split
- 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.
See More
Mint Incorporation Showcases New Robotics at InnoEX
- 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.
See More
Mint Incorporation Launches FLOKI Minibot M1, Entering Consumer Robotics Market
- 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.
See More
Applied Materials Reports Strong Q1 Results, Shares Surge
- 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.
See More
Mint Incorporation Forms Strategic Partnership with Rice Robotics for Asian Market Expansion
- 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.
See More
