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UTime ( (WTO) ) has provided an announcement.
On October 16, 2025, UTime Limited announced the pricing of a $25 million best-efforts public offering, which closed on October 17, 2025. The offering consisted of 22,727,275 units, each containing one Class A ordinary share and one warrant, priced at $1.10 per unit. The proceeds are intended for general working capital and corporate purposes. This move is expected to strengthen UTime’s financial position and support its operations in the competitive consumer electronics market.
More about UTime
UTime Limited is a consumer electronics and mobile communications company that specializes in designing, developing, and manufacturing smartphones, feature phones, and related accessories. The company operates through OEM/ODM services and proprietary brands, providing comprehensive product solutions including hardware design, software customization, and after-sales support. UTime focuses on contract manufacturing for global telecom operators and device distributors, developing smart devices under its own brands, integrating IoT and 5G technologies, and offering supply-chain and production management services.
Average Trading Volume: 873,175
Technical Sentiment Signal: Sell
Current Market Cap: $2.82M
For an in-depth examination of WTO stock, go to TipRanks’ Overview page.