* UTime (NASDAQ:WTO [https://seekingalpha.com/symbol/WTO]) said on Thursday that it has entered into a definitive securities purchase agreement [https://seekingalpha.com/pr/20268866-utime-limited-announces-pricing-of-25-million-registered-direct-offering]with five institutional investors for the purchase and sale of an aggregate of 22.72M units, consisting of one Class A ordinary share and one Series A warrant, at a purchase price of $1.10 per unit in a registered direct offering.
* The gross proceeds to the company from this offering are expected to be approximately $25M, before deducting placement agent fees and other offering expenses payable by the company.
* UTime (NASDAQ:WTO [https://seekingalpha.com/symbol/WTO]) shares were down more than 80% in premarket trading.
MORE ON UTIME
* UTime receives Nasdaq notification letter regarding stockholders' equity deficiency [https://seekingalpha.com/news/4488121-utime-receives-nasdaq-notification-letter-regarding-stockholders-equity-deficiency]
* Financial information for UTime [https://seekingalpha.com/symbol/WTO/income-statement]
UTime shares fall more than 80% as it prices $25M registered direct offering
Published 3 weeks ago
Oct 16, 2025 at 1:08 PM
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