UTime's Reverse Split: A Deep Dive
Update: 2025-11-12
Description
UTime Limiteds stock plummeted by over 27% in after-hours trading on November twelfth due to a planned one-for-one hundred reverse stock split. This move aims to help UTime meet Nasdaqs listing requirements and boost its per-share trading price. Shareholders will receive one new share for every one hundred shares owned, with any fractions rounded up. The split will take effect on November twenty-first, 2025, and UTime will continue using its WTO ticker symbol. However, reverse stock splits are often viewed negatively, signaling financial difficulties and potential underlying business challenges.
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