UTime Limited Announces 1-For-25 Reverse Share Split, To Be Effective On Or Around The Open Of Trading On September 11, 2024
UTime Limited Announces 1-For-25 Reverse Share Split, To Be Effective On Or Around The Open Of Trading On September 11, 2024
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 ordinary shares, par value $0.0001 per share (the "Ordinary Shares"), at a ratio of 1-for-25, to be effective on or around the open of trading on September 11, 2024.
致力于为全球消费者提供具有成本效益的产品和解决方案并帮助来自成熟市场和新兴市场的低收入人群的移动设备制造公司UTime Limited（“UTime” 或 “公司”）（纳斯达克股票代码：WTO）今天宣布，将在交易开盘当天或前后以1比25的比率对已发行普通股（“普通股”）进行反向股权拆分，每股面值0.0001美元（“普通股”）2024 年 9 月 11 日。
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 Wednesday, September 11, 2024. Following the reverse share split, the Ordinary Shares will have a par value of $0.0001 per share and will continue to trade on Nasdaq under the symbol "WTO" with the new CUSIP number, G9411M116. The reverse share split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per ordinary share for continued listing on Nasdaq.
我们的普通股将在2024年9月11日星期三左右纳斯达克资本市场（“纳斯达克”）开盘时开始按反向股票拆分调整后的基础上交易。反向股票拆分后，普通股的面值将为每股0.0001美元，并将继续在纳斯达克上市，股票代码为 “WTO”，新的CUSIP编号为 G9411M116。反向股份拆分旨在使公司重新遵守继续在纳斯达克上市的每股普通股1.00美元的最低出价要求。
