UTime Ltd (WTO) Form 6-K — Sep 1, 2026
UTime Ltd has called an extraordinary general meeting where shareholders will vote on a sweeping capital restructuring, most notably a proposal authorizing the board to consolidate (reverse split) Class A ordinary shares at a ratio anywhere from 1:10 to 1:100, exercisable only if the stock trades below US$1.00 for at least five consecutive trading days. The stated driver is Nasdaq listing compliance: Listing Rule 5550(a)(2) requires a US$1.00 minimum bid price, and the filing walks through the delisting process if the company fails to regain compliance.
Key figures
- Shares Outstanding
- 26,276,331 Class A ordinary shares (no Class B outstanding) as of August 27, 2026
- Record date
- August 27, 2026
- Consolidation trigger
- share price below US$1.00 for at least 5 continuous trading days
- Proposed par value usd
- US$0.00000001
- Class a subdivision ratio
- 1 into 500,000,000
- Class b subdivision ratio
- 1 into 100,000
- Reverse split ratio range
- 1:10 to 1:100
- Class a authorized current
- 90000000
- Nasdaq minimum bid price usd
- US$1.00
- Class a authorized post increase
- 10000000000
- Class a authorized post subdivision
- 5000000000000000000
- Class b authorized post subdivision
- 100000000000000
- Authorized share capital current usd
- US$450,100,000
- Authorized share capital proposed usd
- US$50,001,000,000
AI analysis
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