UTime Limited Announces Reverse Stock Split

UTime (Nasdaq: WTO) approved a 10-for-1 reverse stock split of its Class A ordinary shares.

Rhea-AI Summary

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.

Argus Jun 17 session

-23.80% close to close Open Argus

Details

News Market Reaction – WTO

On Jun 17, the day this news came out, WTO closed 23.80% below the previous close.

Data tracked by StockTitan Argus for the Jun 17 session.

Key Figures

Reverse split ratio: 10:1 Pre-split par value: US$0.50 per share Post-split par value: US$5.00 per share +4 more

Reverse split ratio

10:1

Every ten Class A ordinary shares consolidated into one

Pre-split par value

US$0.50 per share

Par value of each Class A ordinary share before consolidation

Post-split par value

US$5.00 per share

Par value of each Class A ordinary share after consolidation

Effective time

8:00 a.m. ET, June 22, 2026

Time Share Consolidation takes effect on Nasdaq Capital Market

Authorized ratio range

10:1 to 200:1

Shareholder-approved range for potential share consolidations

Extraordinary meeting date

January 26, 2026

Date shareholders approved authorization for share consolidations

Board approval date

May 22, 2026

Date board approved 10:1 reverse stock split, pending Nasdaq approval

Previous Stock split Reports

4 past events · Latest: Feb 06

Same Type 4 events

1. Feb 06

   Reverse stock split

   24h Move

   -38.4%

   Announced 5-for-1 reverse split effective February 17, 2026 on Nasdaq.

2. Nov 12

   Reverse stock split

   24h Move

   -33.5%

   Announced 1-for-100 reverse split to help regain Nasdaq bid compliance.

3. Mar 26

   Reverse stock split

   24h Move

   -21.7%

   Announced 1-for-10 reverse split targeting Nasdaq $1.00 minimum bid.

4. Sep 09

   Reverse stock split

   24h Move

   -27.9%

   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.

Key Terms

reverse stock split, share consolidation, class a ordinary shares, cusip, +1 more

5 terms

reverse stock split financial

"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 consolidation financial

"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 shares financial

"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.

cusip technical

"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.

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fractional shares financial

"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.

View in glossary

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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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.