UTime (Nasdaq: WTO) approved a 10-for-1 reverse stock split of its Class A ordinary shares. Every ten shares with par value US$0.50 will become one share with par value US$5.00.
The reverse split takes effect at 8:00 a.m. ET on June 22, 2026. Shares will trade on a post-split basis the same day under ticker WTO with new CUSIP G9411M157. According to UTime, percentage ownership remains generally unchanged, aside from fractional-share adjustments.
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News Market Reaction – WTO
-23.80%
38 alerts
-23.80%Session close to close
-43.5%Trough in 36 hr 35 min
$48.23MMarket Cap
0.1xRel. Volume
In the Jun 17 session, WTO declined 23.80%, reflecting a significant negative market reaction.
Argus tracked a trough of -43.5% from its starting point during tracking.
Our momentum scanner triggered 38 alerts that day, indicating elevated trading interest and price volatility.
The stock dropped -23.8% in the session following this news. A negative reaction despite the neutral...
Analysis
The stock dropped -23.8% in the session following this news. A negative reaction despite the neutral ownership impact fits UTime’s history of weak responses to reverse splits, with prior events averaging -30.38% over four announcements. The 10:1 consolidation adds to a series of recent reverse splits and follows multiple financings made under the Form F-3 program. Persistent share structure changes and prior equity issuance could reinforce concerns about dilution, making sharp pullbacks more consistent with past trading patterns.
Key Figures
Reverse split ratio:10:1Pre-split par value:US$0.50 per sharePost-split par value:US$5.00 per share+4 more
7 metrics
Reverse split ratio10:1Every ten Class A ordinary shares consolidated into one
Pre-split par valueUS$0.50 per sharePar value of each Class A ordinary share before consolidation
Post-split par valueUS$5.00 per sharePar value of each Class A ordinary share after consolidation
Effective time8:00 a.m. ET, June 22, 2026Time Share Consolidation takes effect on Nasdaq Capital Market
Authorized ratio range10:1 to 200:1Shareholder-approved range for potential share consolidations
Announced 1-for-25 reverse split to reduce outstanding shares and lift price.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Reverse split announcements for WTO have repeatedly seen negative next-day moves, with all recent reverse split events showing double-digit percentage declines.
Recent Company History
Over the past two years, UTime has implemented multiple reverse share consolidations, including 1-for-25 in September 2024, 1-for-10 in March 2025, 1-for-100 in November 2025, and a 5-for-1 split effective February 17, 2026. Each was framed around maintaining Nasdaq listing standards, with 24-hour reactions ranging from about -21% to -38%. Today’s 10:1 consolidation continues this pattern of using reverse splits as a capital markets tool rather than changing underlying ownership percentages.
Key Terms
reverse stock split, share consolidation, class a ordinary shares, cusip, +1 more
5 terms
reverse stock splitfinancial
"the Board authorized effecting a 10:1 reverse stock split, to be effected"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
share consolidationfinancial
"its share consolidation (“Share Consolidation”) involving the consolidation of"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
class a ordinary sharesfinancial
"every ten (10) Class A ordinary shares, with a par value of US$0.50"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
cusiptechnical
"on a post-split basis, under the existing ticker symbol “WTO,” with a new CUSIP number"
A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.
"interest in the Company, except for minor adjustments resulting from the treatment of fractional shares."
Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.
AGOURA HILLS, Calif., June 17, 2026 (GLOBE NEWSWIRE) -- UTime Limited (Nasdaq: WTO) today announced that its share consolidation (“Share Consolidation”) involving the consolidation of every ten (10) Class A ordinary shares, with a par value of US$0.50 per share, into one (1) class A ordinary share with a par value of US$5.00 per share, will take effect at 8:00 a.m. Eastern Time on June 22, 2026. The Company’s Class A Ordinary shares will open for trading on the Nasdaq Capital Market on June 22, 2026, on a post-split basis, under the existing ticker symbol “WTO,” with a new CUSIP number of G9411M157.
Details of the Share Consolidation
At the Company’s extraordinary shareholder meeting held on January 26, 2026 (The Company’s (the “Extraordinary Meeting”) the shareholders approved authorizing the Company’ to complete one or more share consolidations, at a ratio within the rage of 10:1 to 200:1 (the “Ratio”), with such final Ratio and timing of any reverse split to be determined at the discretion of the Company’s board of directors. Following the Extraordinary Meeting, on May 22, 2026, the Board authorized effecting a 10:1 reverse stock split, to be effected upon obtaining Nasdaq approval.
Impact on Shareholders
The Share Consolidation will not affect any shareholder’s percentage ownership interest in the Company, except for minor adjustments resulting from the treatment of fractional shares.
About UTime Limited
Trading under the Nasdaq ticker WTO, 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.
Safe Harbor Statement
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 the Company’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. For additional risk factors, please review UTime Limited’s Annual Report on Form 20-F and other SEC filings. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under 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
What is the reverse stock split ratio for UTime (Nasdaq: WTO) in June 2026?
UTime is implementing a 10-for-1 reverse stock split of its Class A ordinary shares. According to UTime, every ten shares with a par value of US$0.50 will automatically convert into one share with a par value of US$5.00.
When does the UTime (WTO) reverse stock split take effect and start trading?
The UTime reverse stock split becomes effective at 8:00 a.m. Eastern Time on June 22, 2026. According to UTime, its Class A ordinary shares will begin trading on a post-split basis that same day on the Nasdaq Capital Market.
Will UTime (WTO) change its ticker symbol after the June 22, 2026 reverse split?
UTime will keep its existing Nasdaq ticker symbol WTO after the reverse stock split. According to UTime, only the CUSIP number will change to G9411M157 when trading begins on a post-split basis on June 22, 2026.
How will UTime's June 2026 reverse stock split affect WTO shareholder ownership percentages?
The reverse stock split is not expected to change each shareholder’s percentage ownership in UTime. According to UTime, only minor adjustments may occur due to the treatment of fractional shares resulting from the 10-for-1 share consolidation.
Who approved the UTime (WTO) 10-for-1 reverse stock split and when?
UTime shareholders first authorized one or more share consolidations at an extraordinary meeting on January 26, 2026. According to UTime, the board of directors later approved the specific 10-for-1 reverse stock split on May 22, 2026, subject to Nasdaq approval.
