UTime Limited Implements Strategic Reverse Split for Growth

Author: Dylan Bailey Updated: 03-26-2025 09:03 AM

UTime Limited Implements Share Split to Boost Value

UTime Limited, a pioneering mobile device manufacturer, has announced an important financial maneuver aimed at enhancing shareholder value and ensuring its continued presence on major stock exchanges. This decision comes as the company prepares to execute a reverse share split of its Class A ordinary shares at a 1-for-10 ratio, with the changes expected to take effect soon. This strategic step aims to align their share price with Nasdaq’s continued listing requirements.

Understanding the Reverse Share Split

A reverse share split essentially involves consolidating shares to increase the individual value of each share. For UTime Limited, this means that after the split, every ten existing shares will be consolidated into one new share. The company’s par value will increase from $0.0001 to $0.001 per share, while shares will continue trading on the Nasdaq under the ticker symbol “WTO.”

Expected Benefits of the Split

This initiative is designed to regain compliance with Nasdaq’s minimum bid price requirement of $1.00 per share. By reducing the number of outstanding shares from approximately 36 million to around 3.6 million, UTime Limited aims to enhance its share price, offering potential benefits for both the company and its investors.

Shareholder Impact and Considerations

Current shareholders can expect a seamless transition, as fractional shares resulting from the consolidation will be rounded up. Importantly, there’s no action required on their part if they hold their shares electronically through brokers or in book-entry form. VStock Transfer, LLC has been appointed as the exchange agent to facilitate this process, ensuring transparency and operational efficiency throughout the transition period.

About UTime Limited

Founded in 2008, UTime Limited is committed to delivering cost-effective mobile devices to consumers across the globe. With a focus on making technology accessible, the company prioritizes supporting low-income individuals in both established markets and emerging economies, particularly in regions like India and parts of Africa.

Innovative Product Lines

UTime has recently expanded its product range to include smart electric vehicle chargers, responding to the growing demand for sustainable solutions amid rising energy conservation efforts. This expansion of offerings showcases UTime’s dedication to staying at the forefront of technology in line with global trends.

Contacting UTime Limited

For additional information or inquiries regarding the recent share split, investors and stakeholders can reach out via email at pr@utimeworld.com.

Frequently Asked Questions

What is a reverse share split?

A reverse share split consolidates shares, increasing the individual share price while reducing the total number of outstanding shares.

Why is UTime Limited conducting a reverse share split?

The company aims to meet Nasdaq’s minimum bid price requirement of $1.00 per share to ensure continued listing on the exchange.

How will the reverse share split affect existing shareholders?

Shareholders will see their shares consolidated, but no action is required on their part if shares are held electronically. Fractional shares will be rounded up.

What is the new ticker symbol of UTime Limited after the split?

The ticker symbol will remain “WTO” on Nasdaq following the reverse share split.

What is UTime Limited known for?

UTime Limited specializes in providing affordable mobile devices globally and has recently expanded its product lineup to include smart electric vehicle chargers.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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