$9.600
+3.307 (+34.45%)At close
WTO News
WTO Events
UTime Changes Nasdaq Ticker to FXHO
UTime announced that its ticker symbol on Nasdaq will change from (WTO) to (FXHO), effective July 2. This change is being made in preparation for the company's planned acquisition of Feixiaohao Technology. As previously disclosed, UTime entered into a non-binding letter of intent regarding the potential strategic transaction with Feixiaohao, a widely recognized Web3 data and information platform serving millions of cryptocurrency and blockchain users globally.
UTime Ltd Trading Halted, News Pending
UTime Ltd trading halted, news pending
UTime Progresses Due Diligence for Transaction with Feixiaohao Technology
UTime announced that its ongoing financial, legal and operational due diligence relating to the proposed transaction with Feixiaohao Technology is progressing. As previously disclosed, UTime entered into a non-binding letter of intent regarding a potential strategic transaction involving Feixiaohao. The company believes that both parties have maintained active communication and coordination throughout the due diligence process. UTime and Feixiaohao are currently working closely with their respective advisors and professional teams to evaluate various aspects of the proposed transaction, including business integration opportunities, technology infrastructure, market expansion strategies and long-term development plans.
UTime Limited Issues 1M Ordinary Shares at $1.20 Each
UTime Limited announced that it has entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of an aggregate of 1M class A ordinary share of the company at a purchase price of $1.20 per share in a registered direct offering. The gross proceeds to the company from this offering are expected to be approximately $1.2M, before deducting placement agent fees and other offering expenses payable by the company. The transaction is expected to close on or about May 4, subject to the satisfaction of customary closing conditions. Univest Securities is acting as sole placement agent for the offering.
UTime Plans to Acquire 100% Equity of Feixiaohao for Up to $80M
UTime announced its intention to acquire 100% of the outstanding equity of Feixiaohao Technology Inc., operator of the "Feixiaohao" Web3 Data Analytics & Asset Pricing Platform. The proposed transaction is valued at up to $80M, structured through a combination of $64M in UTime ordinary shares or convertible preferred shares and $16M in cash consideration. This intended acquisition, upon completion, will mark UTime's strategic entry into the rapidly growing Web3 and blockchain data infrastructure sector, with the potential to bring millions of cryptocurrency users into its expanding digital ecosystem. The company said, "Feixiaohao Technology Inc. owns and operates one of the most comprehensive Web3 data platforms in the industry, serving millions of cryptocurrency investors and Web3 enthusiasts worldwide. The platform provides essential data services including digital asset pricing, on-chain data analytics, project tracking, and market sentiment monitoring. With extensive coverage across multiple major public blockchains and thousands of digital assets, Feixiaohao has established itself as a trusted gateway for users navigating the complex cryptocurrency landscape. The proposed acquisition would include all technology platforms, source code, databases, trademark rights, and key employee contracts and partnerships related to the Feixiaohao platform. UTime believes that this comprehensive asset package would position UTime to leverage Feixiaohao's established user base and data infrastructure as a foundation for future growth in Web3 services."
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.