UTime Limited Announces Change of Ticker Symbol to FXHO

Rhea-AI Summary

UTime (Nasdaq:WTO) will change its ticker symbol to FXHO on July 2, 2026. The change is linked to a planned acquisition of Feixiaohao Technology, a Web3 data platform, currently governed by a non-binding LOI and subject to due diligence and approvals.

News Market Reaction – WTO

+34.45%

17 alerts

+34.45% Session close to close

+38.0% Peak in 6 hr 14 min

$48.86M Market Cap

0.2x Rel. Volume

In the Jul 1 session, WTO gained 34.45%, reflecting a significant positive market reaction. Argus tracked a peak move of +38.0% during that session. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock surged +34.5% in the session following this news. A strong positive reaction aligns with p...

Analysis

The stock surged +34.5% in the session following this news. A strong positive reaction aligns with prior Feixiaohao-related updates that lifted the stock by 2–9%. However, repeated financings under the shelf and deal uncertainty could cap follow-through if investors refocus on dilution and execution risk.

Key Figures

Ticker change date: July 2, 2026

1 metrics

Ticker change date July 2, 2026 Effective date for Nasdaq ticker symbol change from WTO to FXHO

Historical Context

5 past events · Latest: Jun 17 (Negative)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 17	Reverse stock split	Negative	-23.8%	10-for-1 reverse split consolidation of Class A shares on Nasdaq.
May 11	Deal due diligence	Positive	+8.5%	Progress update on due diligence for proposed Feixiaohao strategic transaction.
May 01	Registered offering	Negative	-19.1%	Registered direct equity and warrant offering raising gross proceeds of $1.2M.
Mar 13	Acquisition intent	Positive	+2.0%	Nonbinding LOI to acquire Feixiaohao Technology for up to USD 80M.
Feb 06	Reverse stock split	Negative	-38.4%	5-for-1 reverse split of Class A ordinary shares with new CUSIP.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Dilution and reverse splits have drawn sharp selling, while Feixiaohao-related updates have seen modest positive reactions.

Key Terms

nasdaq capital market, non-binding letter of intent, web3, due diligence, +1 more

5 terms

nasdaq capital market financial

"its ticker symbol on the Nasdaq Capital Market will change from"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

non-binding letter of intent regulatory

"UTime entered into a non-binding letter of intent regarding the potential"

A non-binding letter of intent is a preliminary document that outlines the main terms and expectations of a proposed transaction—such as a merger, acquisition, investment or partnership—without creating a legally enforceable obligation to complete the deal. Think of it as a written handshake or shopping list: it signals serious interest and sets the framework for negotiations and due diligence, which can move markets, but it does not guarantee the transaction will happen until a final, binding agreement is signed.

web3 technical

"a widely recognized Web3 data and information platform serving millions"

An approach to the internet that uses decentralized technologies (like blockchains and smart contracts) to give users control over data, identity and digital assets instead of relying on a single company. For investors it matters because it enables new business models—token-based ownership, marketplaces and governance structures—but also brings higher volatility, novel revenue streams and regulatory uncertainty, so investment outcomes can be very different from traditional tech.

due diligence regulatory

"subject to the completion of due diligence, negotiation and execution"

Due diligence is the careful investigation and analysis someone conducts before making a decision, such as investing money or entering into an agreement. It’s like researching thoroughly before buying a used car to ensure it’s in good condition; this helps prevent surprises and makes informed choices. For investors, due diligence reduces risk by verifying details and understanding what they’re getting into.

View in glossary

regulatory approvals regulatory

"customary closing conditions and applicable regulatory approvals. There can"

Regulatory approvals are official permissions from government agencies that a company needs before launching a new product, service, or business activity. They matter because without this approval, the company might not be allowed to operate legally or sell its products, similar to how a driver needs a license to legally drive a car.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SHENZHEN, China, July 01, 2026 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”), a company focused on technology innovation and digital infrastructure development, today announced that its ticker symbol on the Nasdaq Capital Market will change from “WTO” to “FXHO,” effective July 2, 2026. This change is being made in preparation for the Company’s planned acquisition of Feixiaohao Technology Inc. (“Feixiaohao”).

As previously disclosed, UTime entered into a non-binding letter of intent regarding the potential strategic transaction with Feixiaohao, a widely recognized Web3 data and information platform serving millions of cryptocurrency and blockchain users globally.

UTime and Feixiaohao continue to work closely with their respective advisors and professional teams to evaluate various aspects of the proposed transaction, including business integration opportunities, technology infrastructure, market expansion strategies and long-term development plans.

Management of UTime continues to believe that the proposed transaction could further strengthen the Company’s strategic positioning in the evolving Web3 and digital data infrastructure sector. The Company also believes that Feixiaohao’s established market presence, user base and industry resources may provide meaningful synergies with UTime’s future business initiatives.

While the Company is changing its ticker symbol to FXHO, UTime nonetheless emphasized that the proposed transaction remains subject to the completion of due diligence, negotiation and execution of definitive agreements, satisfaction of customary closing conditions and applicable regulatory approvals. There can be no assurance that any definitive agreement will be executed or that the proposed transaction will ultimately be completed.

About UTime Limited

UTime Limited is engaged in the design, development, production, sales and brand operation of mobile devices in China and globally. The company aims to provide cost-effective products and serves a broad customer base. For more information, visit UTime’s website at utimemobile.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. These statements involve known and unknown risks, uncertainties, and other factors that may cause UTime’s actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding UTime’s proposed acquisition of the data platform “Feixiaohao,” including whether the parties will negotiate and enter into a definitive agreement, whether the acquisition will be completed, and, if acquired, whether the Company will be successfully deploy any post-acquisition plans, integration activities, synergies, expected benefits, or Web3 infrastructure expansion initiatives. These forward-looking statements, and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us, including those described in UTime Limited’s Annual Report on Form 20-F and our other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Contact:

UTime Limited
7th Floor, Building 5A
Shenzhen Software Industry Base, Nanshan District
Shenzhen, People’s Republic of China 518061
Tel: (86) 755 86512266
qhengcong@utimemobile.com

FAQ

When will UTime change its Nasdaq ticker symbol from WTO to FXHO?

UTime plans to change its Nasdaq ticker symbol from WTO to FXHO on July 2, 2026. According to UTime, the new symbol will reflect its strategic plans linked to a potential acquisition of Web3 data platform Feixiaohao Technology.

Why is UTime (WTO) changing its ticker symbol to FXHO?

UTime is changing its ticker symbol to FXHO in connection with a planned acquisition of Feixiaohao Technology. According to UTime, the new symbol aligns with strategic plans around Web3 data infrastructure and potential synergies with Feixiaohao’s user base and market presence.

What is the planned Feixiaohao acquisition mentioned by UTime (WTO) in July 2026?

UTime has a non-binding letter of intent to potentially acquire Feixiaohao Technology, a Web3 data platform. According to UTime, both sides are evaluating integration, technology, and market expansion, but the deal depends on due diligence, definitive agreements, conditions, and regulatory approvals.

Is the UTime (FXHO) acquisition of Feixiaohao Technology guaranteed to be completed?

The Feixiaohao acquisition is not guaranteed to close. According to UTime, the proposed transaction remains subject to due diligence, negotiation and execution of definitive agreements, customary closing conditions, and regulatory approvals, and there can be no assurance it will be completed.

How could the potential Feixiaohao deal affect UTime’s Web3 strategy and FXHO stock?

The proposed Feixiaohao deal could support UTime’s Web3 and digital data strategy if completed. According to UTime, Feixiaohao’s user base and industry resources may create synergies with future initiatives, but the transaction is still uncertain and remains non-binding.