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UTime宣布1比25反向股票分割
2024-09-09 23:05
- UTime (NASDAQ:WTO) on Monday announced that it will affect a reverse share split of its outstanding ordinary shares, par value $0.0001 per share, at a ratio of 1-for-25, to be effective on or around the open of trading on September 11.
- The ordinary shares will begin trading on a reverse share split-adjusted basis at the opening of Nasdaq on or around Wednesday, September 11.
- Following the reverse share split, the shares will continue to trade on Nasdaq under the symbol “WTO”.
- The reverse share split is intended for the company to regain compliance with the minimum bid price requirement of $1.00 per ordinary share for continued listing on Nasdaq.
- The reverse share split will reduce the number of issued and outstanding shares of the company’s ordinary shares from nearly 450 million to about 18 million.
- WTO is -4.09% to $0.0633.
- Source: Press Release
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