An update from UTime ( (WTO) ) is now available.
UTime Limited announced the successful closure of its private placement offering on April 24, 2025, which involved the sale of 17,340,000 units, each comprising one Class A Ordinary Share and a warrant to purchase three additional shares. This offering, adjusted following a 1-for-10 reverse share split effective March 31, 2025, raised approximately $22.5 million, enhancing the company’s financial position and potentially impacting its market operations and stakeholder interests.
More about UTime
UTime Limited operates within the technology sector, focusing on providing innovative solutions and products. The company is based in Shenzhen, China, and engages in the development and sale of various technology-related products and services.
YTD Price Performance: -53.04%
Average Trading Volume: 70,048
Technical Sentiment Signal: Buy
Current Market Cap: $5.37M
For detailed information about WTO stock, go to TipRanks’ Stock Analysis page.