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The latest announcement is out from UTime ( (WTO) ).
On August 12, 2025, UTime Limited entered into a securities purchase agreement to sell 80 million Class A ordinary shares to non-U.S. investors for approximately $25 million. The transaction closed on August 22, 2025, with proceeds intended for working capital and general corporate purposes. Additionally, on August 18, 2025, Ms. Na Cai resigned from her roles on the board, and on August 21, 2025, Mr. Yanzhi Wang was appointed to fill the vacancies, effective August 22, 2025. Mr. Wang brings expertise in K-12 STEAM education and career-planning services, potentially strengthening UTime’s strategic direction.
More about UTime
UTime Limited is a company based in Shenzhen, China, operating in the technology sector. It focuses on providing innovative solutions and services, although specific products or market focus are not detailed in the release.
Average Trading Volume: 124,767
Technical Sentiment Signal: Strong Sell
Current Market Cap: $18.05M
For detailed information about WTO stock, go to TipRanks’ Stock Analysis page.