Business
UTime Limited Announces Pricing of $1.2 Million Registered Direct Offering
Shenzhen, China, May 01, 2026 (GLOBE NEWSWIRE) -- UTime Limited (Nasdaq: WTO) (the “Company”), a global technology company engaged in the design, development, and manufacturing of mobile devices and smart hardware products, today announced that it has entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of an aggregate of 1,000,000 class A ordinary share of the Company, par value $0.50 per share (the “Shares”) (or pre-funded warra
About this update from Utime Limited
Shenzhen, China, May 01, 2026 (GLOBE NEWSWIRE) -- UTime Limited (Nasdaq: WTO) (the “Company”), a global technology company engaged in the design, development, and manufacturing of mobile devices and smart hardware products, today announced that it has entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of an aggregate of 1,000,000 class A ordinary share of the Company, par value $0.50 per share (the “Shares”) (or pre-funded warrants in lieu thereof), at a purchase price of $1.20 per share in a registered direct offering. The gross proceeds to the Company from this offering are expected to be approximately $1.2 million, before deducting placement agent fees and other offering expenses payable by the Company. The transaction is expected to close on or about May 4, 2026, subject to the satisfaction of customary closing conditions. Univest Securities, LLC is acting as sole placement agent for the offering. The registered direct offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-278912) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on June 10th, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at [email protected], or by calling +1 (212) 343-8888. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC's website at www.sec.gov. About UTime Limited Trading under the Nasdaq ticker WTO, UTime Limited is engaged in the design, development, production, sales and brand operation of mobile devices in China and globally. The company ai...