UTime Ltd

WTO

Market cap $5.85M

New York, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the “Offering”) of approximately $25 million for its client UTime Limited (NASDAQ: WTO)(the “Company” or “UTime”), a consumer electronics and mobile device manufacturer specializing in the design, production, and sale of smartphones, feature phones, and related accessories under both OEM/ODM and self-owned brands.

Shenzhen, China, Oct. 16, 2025 (GLOBE NEWSWIRE) -- UTime Limited (Nasdaq: WTO) (the “Company”), a consumer electronics and mobile device manufacturer specializing in the design, production, and sale of smartphones, feature phones, and related accessories under both OEM/ODM and self-owned brands, today announced that it has entered into a definitive securities purchase agreement with five institutional investors for the purchase and sale of an aggregate of 22,727,275 units (each, a “Unit”), consisting of one class A ordinary share of the Company, par value $0.001 per share (each, an “Class A Ordinary Share”) and one Series A warrant (each, a “Warrant”), at a purchase price of $1.10 per Unit in a registered direct offering.

SHENZHEN, China, Sept. 11, 2025 (GLOBE NEWSWIRE) -- UTime Limited (the "Company" or “Utime”) (NASDAQ: WTO), a mobile device manufacturer and technology company, today issued a statement regarding misinformation the Company believes is being put into the market by a former employee and to clarify that UTime's management and board composition remains unchanged following the unauthorized publication of two press releases put out overnight.

7th Floor, Building 5A Shenzhen Software Industry Base, Nanshan District Shenzhen, People's Republic of China 518061 Shenzhen, China, Sept. 11, 2025 (GLOBE NEWSWIRE) -- UTime Limited (Nasdaq: WTO, the “Company”) today confirms that recent changes to its Board of Directors have been completed in accordance with the Company's Articles of Association and relevant procedures, and have been publicly announced.

Tel: (86) 755 86512266 7th Floor, Building 5A Shenzhen Software Industry Base, Nanshan District Shenzhen, People's Republic of China 518061

Tel: (86) 755 865122667th Floor, Building 5AShenzhen Software Industry Base, Nanshan DistrictShenzhen, People's Republic of China 518061

BEIJING, Aug. 21, 2025 (GLOBE NEWSWIRE) -- UTime Limited ("UTime" or the "Company") (Nasdaq: WTO), today announced that on August 15, 2025, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is no longer in compliance with the requirement of maintaining a minimum of $2,500,000 in stockholders' equity for continued listing on the Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(b)(1) based on the Company's reported stockholders' equity in its Form 20-F for the year ended March 31, 2025, which is below the foregoing requirement of minimum stockholders' equity. In addition, the Company does not meet the alternatives of market value of listed securities or net income from continuing operations as of August 14, 2025.

NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets today announced that it will effect a reverse share split of its outstanding Class A ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), at a ratio of 1-for-10, to be effective on or around the open of trading on March 31, 2025. Our Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market (“Nasdaq”) on or around Monday, March 31, 2025.

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) --  UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets, announced today that on October 10, 2024, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (“Nasdaq”) notifying the Company that the minimum bid price per share for its ordinary shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550(a)(2).

NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets today announced that it has entered into a securities purchase agreement with certain accredited investor to sell $5 million of its ordinary shares in a registered direct offering.