UTime Ltd（WTO）资讯与事件WTOUTime Ltd

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."