UTime Limited Announces 10:1 Reverse Split Effective June 22 with New CUSIP
WTO•UTime Limited will consolidate every ten Class A ordinary shares into one share with par value of US$5.00, effective 8:00 a.m. ET on June 22, 2026, and will trade on the Nasdaq Market post-split with new CUSIP G9411M157. The 10:1 reverse split follows January 26 shareholder approval.
1. Reverse Split Terms
UTime Limited will effect a share consolidation of every ten Class A ordinary shares into one share with a par value of US$5.00, effective at 8:00 a.m. Eastern Time on June 22, 2026. The consolidation ratio is 10:1, with minor adjustments for fractional shares.
2. Shareholder and Board Approval
The 10:1 reverse stock split was authorized by the board on May 22, 2026, following shareholder approval at an extraordinary meeting on January 26, 2026, which permitted share consolidations at ratios between 10:1 and 200:1. Nasdaq approval was secured ahead of the effective date.
3. Trading and Fractional Share Impact
Post-consolidation, UTime’s Class A ordinary shares will begin trading on the Nasdaq Market on June 22 on a post-split basis under the existing ticker symbol and a new CUSIP number G9411M157. Shareholders’ percentage ownership will remain unchanged except for the treatment of fractional share interests.
