Univest Securities, LLC Announces Closing of $25 Million Registered Direct Offering for its Client UTime Limited (NASDAQ: WTO)
UTime Limited - Class A Ordinary Shares (WTO)
Company Research
Source: GlobeNewswire
New York, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the “Offering”) of approximately $25 million for its client UTime Limited (NASDAQ: WTO)(the “Company” or “UTime”), a consumer electronics and mobile device manufacturer specializing in the design, production, and sale of smartphones, feature phones, and related accessories under both OEM/ODM and self-owned brands. Under the terms of the securities purchase agreement, the Company has agreed to sell to five institutional investors an aggregate of 22,727,275 units (each, a “Unit”), consisting of one Class A ordinary share of the Company, par value $0.001 per share (each, a “Class A Ordinary Share”), and one Series A warrant to purchase one Class A Ordinary Share (each, a “Warrant”), at a purchase price of $1.10 per Unit in a regist
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WTO
News
- UTime (NASDAQ:WTO) was upgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=WTO&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</a> to a "MarketBeat
- BC-Most Active Stocks [Yahoo! Finance]Yahoo! Finance
- UTime Limited Announces 1-for-100 Reverse Stock Split [Yahoo! Finance]Yahoo! Finance
- UTime to enact 1-for-100 reverse stock split; shares down [Seeking Alpha]Seeking Alpha
- UTime Limited Announces 1-for-100 Reverse Stock SplitGlobeNewswire
WTO
Sec Filings
- 11/12/25 - Form 6-K
- 11/5/25 - Form 6-K
- 11/3/25 - Form 6-K
- WTO's page on the SEC website