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Corporate ActionJun 17, 2026, 11:16 AM

UTime Ltd Announces 10-for-1 Share Consolidation Effective June 22

AI Summary

UTime Limited (Nasdaq: WTO) is implementing a 10-for-1 share consolidation, effective June 22, 2026. This corporate action will consolidate every ten Class A ordinary shares into one, adjusting the par value accordingly. The company's shares will continue trading under the ticker WTO on the Nasdaq Capital Market. Shareholders previously approved the authorization for such a consolidation, with the final ratio and timing determined by the board.

Key Highlights

  • UTime Ltd (WTO) announces a 10-for-1 share consolidation effective June 22, 2026.
  • The consolidation will change the par value of Class A ordinary shares from US$0.50 to US$5.00.
  • Post-consolidation shares will trade under the existing ticker WTO with a new CUSIP G9411M157.
  • Shareholders approved the authorization for one or more consolidations at a ratio between 10:1 and 200:1 in January 2026.
  • The Board authorized the 10:1 reverse stock split on May 22, 2026, pending Nasdaq approval.
View SEC Filing
WTO
Consumer Electronics/Appliances
UTime Ltd

Price Impact

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Corporate ActionJul 28, 4:22 PM

UTime Ltd Completes 10-for-1 Share Consolidation

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UTime to change ticker to FXHO for planned Feixiaohao acquisition

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UTime Closes $50M Private Placement of Units and Warrants

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