UTime Raises $1.2 Million in Registered Direct Offering to Boost Working Capital

UTime ( (WTO) ) has issued an announcement.

On May 4, 2026, UTime Limited closed a $1.2 million best-efforts registered direct offering, issuing 200,000 Class A ordinary shares and pre-funded warrants for 800,000 additional shares at prices of $1.20 per share and $0.70 per warrant. The transaction, arranged with certain institutional investors and led by Univest Securities as sole placement agent, is expected to bolster the company’s liquidity for general working capital and corporate purposes.

Under the deal, UTime agreed to a 30-day restriction on issuing additional equity securities, while its officers and directors entered 90-day lock-up agreements that limit share sales and disposals. The structure, which includes immediately exercisable pre-funded warrants adjustable for future recapitalization events, reflects both investor demand for discounted warrant leverage and the company’s need for flexible, non-dilutive capital timing, with implications for existing shareholders’ ownership once the warrants are exercised.

More about UTime

UTime Limited, trading on Nasdaq under the ticker WTO, is a global technology company focused on the design, development, production, sales and brand operation of mobile devices and smart hardware products. The Shenzhen-based firm targets China and international markets with cost-effective devices aimed at a broad customer base.

Average Trading Volume: 599,953

Technical Sentiment Signal: Sell

Current Market Cap: $2.54M

For an in-depth examination of WTO stock, go to TipRanks’ Overview page.