Covering Millions of Crypto Users, UTime Signs Non-Binding Letter of Intent to Acquire Data Platform “Feixiaohao” for Web3 Infrastructure Expansion
UTime Limited - Class A Ordinary Shares (WTO)
Company Research
Source: GlobeNewswire
SHENZHEN, China, March 13, 2026 (GLOBE NEWSWIRE) -- UTime Limited (Nasdaq: WTO), a global technology company engaged in the design, development, and manufacturing of mobile devices and smart hardware products, today announced its intention to acquire 100% of the outstanding equity of Feixiaohao Technology Inc., operator of the renowned “Feixiaohao” Web3 Data Analytics & Asset Pricing Platform (feixiaohao.ai). The proposed transaction is valued at up to USD80 million, structured through a combination of USD64 million in UTime ordinary shares or convertible preferred shares and USD16 million in cash consideration. This intended acquisition, upon completion, will mark UTime’s strategic entry into the rapidly growing Web3 and blockchain data infrastructure sector, with the potential to bring millions of cryptocurrency users into its expanding digital ecosystem. Feixiaohao: A Gateway to the Crypto World Feixiaohao Technology Inc. owns and operates one of the most comprehensive Web3 da
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News
- UTime announces reverse stock split [Seeking Alpha]Seeking Alpha
- UTime Limited Announces Reverse Stock SplitGlobeNewswire
- UTime Subsidiary Lands US$50 Million Smart Server Intent Agreement, Powering Next-Gen Computing InfrastructureGlobeNewswire
- UTime (NASDAQ:WTO) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- UTime Hong Kong subsidiary secures near $10M order from Tumu Vertex [Yahoo! Finance]Yahoo! Finance
WTO
Sec Filings
- 3/13/26 - Form 6-K
- 1/28/26 - Form 6-K
- 1/21/26 - Form 6-K
- WTO's page on the SEC website