UTime (WTO) announced that it will implement a reverse stock split of its common shares at a ratio of 1-for-100, effective 12:01 a.m. Eastern Time on November 21. UTime’s Class A ordinary shares will begin trading on Nasdaq on a split-adjusted basis at market open on November 21. The reverse split is intended to increase the per-share trading price of UTime’s Class A ordinary shares to help the company regain compliance with Nasdaq’s minimum bid price requirement and better position the stock for long-term growth and institutional participation.
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