{"id":973261,"date":"2026-06-17T11:18:02","date_gmt":"2026-06-17T15:18:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/utime-limited-announces-reverse-stock-split\/"},"modified":"2026-06-17T11:18:02","modified_gmt":"2026-06-17T15:18:02","slug":"utime-limited-announces-reverse-stock-split","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/utime-limited-announces-reverse-stock-split\/","title":{"rendered":"UTime Limited Announces Reverse Stock Split"},"content":{"rendered":"
\n

\n AGOURA HILLS, Calif., June 17, 2026 (GLOBE NEWSWIRE) — UTime Limited (Nasdaq: WTO) <\/b>today announced that its share consolidation (\u201cShare Consolidation\u201d) involving the consolidation of every ten (10) Class A ordinary shares, with a par value of US$0.50 per share, into one (1) class A ordinary share with a par value of US$5.00 per share, will take effect at 8:00 a.m. Eastern Time on June 22, 2026. The Company\u2019s Class A Ordinary shares will open for trading on the Nasdaq Capital Market on June 22, 2026, on a post-split basis, under the existing ticker symbol \u201cWTO,\u201d with a new CUSIP number of G9411M157.<\/p>\n

\n Details of the Share Consolidation<\/b>\n <\/p>\n

At the Company\u2019s extraordinary shareholder meeting held on January 26, 2026 (The Company\u2019s (the \u201cExtraordinary Meeting\u201d) the shareholders approved authorizing the Company\u2019 to complete one or more share consolidations, at a ratio within the rage of 10:1 to 200:1 (the \u201cRatio\u201d), with such final Ratio and timing of any reverse split to be determined at the discretion of the Company\u2019s board of directors. Following the Extraordinary Meeting, on May 22, 2026, the Board authorized effecting a 10:1 reverse stock split, to be effected upon obtaining Nasdaq approval.<\/p>\n

\n Impact on Shareholders<\/b>\n <\/p>\n

The Share Consolidation will not affect any shareholder\u2019s percentage ownership interest in the Company, except for minor adjustments resulting from the treatment of fractional shares.<\/p>\n

\n About UTime Limited<\/b>\n <\/p>\n

Trading under the Nasdaq ticker WTO, UTime Limited is engaged in the design, development, production, sales and brand operation of mobile devices in China and globally. The company aims to provide cost-effective products and serves a broad customer base.<\/p>\n

\n Safe Harbor Statement<\/b>\n <\/p>\n

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause the Company\u2019s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. For additional risk factors, please review UTime Limited\u2019s Annual Report on Form 20-F and other SEC filings. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.<\/p>\n

\n Contact:<\/b>
\n
UTime Limited
7th Floor, Building 5A
Shenzhen Software Industry Base, Nanshan District
Shenzhen, People\u2019s Republic of China 518061
Tel: (86) 755 86512266
qhengcong@utimemobile.com<\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

AGOURA HILLS, Calif., June 17, 2026 (GLOBE NEWSWIRE) — UTime Limited (Nasdaq: WTO) today announced that its share consolidation (\u201cShare Consolidation\u201d) involving the consolidation of every ten (10) Class A ordinary shares, with a par value of US$0.50 per share, into one (1) class A ordinary share with a par value of US$5.00 per share, will take effect at 8:00 a.m. Eastern Time on June 22, 2026. The Company\u2019s Class A Ordinary shares will open for trading on the Nasdaq Capital Market on June 22, 2026, on a post-split basis, under the existing ticker symbol \u201cWTO,\u201d with a new CUSIP number of G9411M157. Details of the Share Consolidation At the Company\u2019s extraordinary shareholder meeting held on January 26, 2026 (The … <\/p>\n

Continue reading “UTime Limited Announces Reverse Stock Split”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-973261","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nUTime Limited Announces Reverse Stock Split - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/utime-limited-announces-reverse-stock-split\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UTime Limited Announces Reverse Stock Split - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"AGOURA HILLS, Calif., June 17, 2026 (GLOBE NEWSWIRE) — UTime Limited (Nasdaq: WTO) today announced that its share consolidation (\u201cShare Consolidation\u201d) involving the consolidation of every ten (10) Class A ordinary shares, with a par value of US$0.50 per share, into one (1) class A ordinary share with a par value of US$5.00 per share, will take effect at 8:00 a.m. Eastern Time on June 22, 2026. The Company\u2019s Class A Ordinary shares will open for trading on the Nasdaq Capital Market on June 22, 2026, on a post-split basis, under the existing ticker symbol \u201cWTO,\u201d with a new CUSIP number of G9411M157. 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