UTime Limited announces a 1-for-10 reverse share split to regain Nasdaq's compliance.

From GlobeNewswire: 2025-03-26 09:00:00

UTime Limited announced a 1-for-10 reverse share split of its Class A ordinary shares to regain compliance with Nasdaq’s minimum bid price requirement. This will reduce outstanding shares from 36 million to 3.6 million, effective March 31, 2025. Shareholders approved the split on March 12, 2025, with VStock Transfer, LLC acting as the exchange agent. No fractional shares will be issued, and adjustments will be made to derivative securities. UTime, established in 2008, provides cost-effective mobile devices globally, with new par value of $0.001 per share. Contact [email protected] for more information.



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