UTime Ltd (WTO) Form 6-K — May 4, 2026
UTime Limited closed a $1.2 million best-efforts registered direct offering to support its working capital and general corporate needs. The offering consisted of the sale of 200,000 Class A ordinary shares priced at $1.20 per share and 800,000 pre-funded warrants priced at $0.70 per warrant. Univest Securities, LLC acted as the sole placement agent for the transaction, receiving a cash fee equal to 6.0% of the aggregate gross proceeds. The company has agreed to a 30-day standstill on issuing new shares, while its officers and directors have entered into 90-day lock-up agreements.
Key figures
- Gross Proceeds
- 1200000
- Offering Price
- 1.2
- Shares Offered
- 200000
- Par Value
- 0.5
- Warrant Price
- 0.7
- Warrants Offered
- 800000
- Warrant Exercise Price
- 0.5
- Placement Agent Fee Percent
- 6
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.