UTime ( (WTO) ) has issued an announcement.
UTime Limited, a company registered in the Cayman Islands, has entered into a securities purchase agreement with various non-U.S. purchasers to offer up to 10,200,000 units, each comprising one ordinary share and a warrant to purchase three shares at a price of $0.15 per unit. This agreement is executed under exemptions from securities registration requirements, reflecting a strategic move to raise capital while broadening its investor base. The transaction is expected to impact the company’s operations by providing additional financial resources, potentially enhancing its market positioning and shareholder value.
More about UTime
YTD Price Performance: 5.28%
Average Trading Volume: 1,073,753
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $10.29M
Learn more about WTO stock on TipRanks’ Stock Analysis page.