Corporate ActionJul 28, 2026, 04:22 PM
UTime Ltd Completes 10-for-1 Share Consolidation
AI Summary
UTime Ltd completed a 10-for-1 share consolidation effective June 22, 2026, with the Nasdaq effective date clarified on July 2, 2026. The company also canceled a total of 3,672 Class A ordinary shares previously issued to 23 offshore investors due to payment issues. Additionally, UTime granted 180,000 restricted Class A ordinary shares to each of its five directors under the 2026 Equity Incentive Plan.
Key Highlights
- Completed a 10-for-1 share consolidation effective June 22, 2026.
- Clarified Nasdaq effective date of share consolidation on July 2, 2026.
- Canceled 3,672 Class A ordinary shares from 23 offshore investors due to payment issues.
- Issued 180,000 restricted Class A ordinary shares to each of five directors.
- Shares granted under the Company's 2026 Equity Incentive Plan.
Price Impact
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