UTime ( (WTO) ) just unveiled an announcement.
On February 27, 2025, UTime Limited entered into a securities purchase agreement with non-U.S. investors to sell up to 173,400,000 units, each consisting of one ordinary share and a warrant to purchase three shares, for approximately $22.5 million. This private placement aims to raise funds for working capital and general corporate purposes, potentially strengthening UTime’s financial position and market competitiveness. Additionally, UTime plans to hold an extraordinary general meeting on March 12, 2025, to discuss company matters with its shareholders.
More about UTime
UTime Limited is a company based in Shenzhen, China, operating in the technology sector. The company is involved in the production and sale of electronic devices and related services, focusing on innovation and expanding its market presence globally.
YTD Price Performance: -40.56%
Average Trading Volume: 898,162
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.52M
See more data about WTO stock on TipRanks’ Stock Analysis page.