UTime (WTO) has released an update.
UTime Limited has announced the registration of 7,692,308 new ordinary shares with the SEC, a move facilitated by legal counsel to ensure compliance with Cayman Islands law. The shares have been fully authorized and, upon issuance against full payment, will be validly issued and non-assessable. The company’s good standing has been verified, although the enforceability of the obligations under the securities purchase agreement may be subject to certain legal and equitable limitations.
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