Shenzhen, China, May  01, 2026  (GLOBE NEWSWIRE) -- UTime Limited (NASDAQ:WTO) (the &#34;Company&#34;), a global technology company engaged in the design, development, and manufacturing of mobile devices and smart hardware

UTime Limited Announces Pricing of $1.2 Million Registered Direct Offering

UTime Limited Initiates $1.2 Million Share Offering

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Shenzhen, China, May  01, 2026  (GLOBE NEWSWIRE) -- UTime Limited (NASDAQ:WTO) (the &amp;#34;Company&amp;#34;), a global technology company engaged in the design, development, and manufacturing of mobile devices and smart hardware</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>UTime Limited (WTO) has initiated a securities purchase agreement to raise approximately $1.2 million by offering 1 million class A ordinary shares at $1.20 each. This move could bolster the company’s financial position ahead of upcoming growth initiatives, potentially enhancing investor confidence in the short term.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>WTO announced a securities purchase agreement for 1 million shares.</li><li>Shares will be sold at $1.20 each, raising $1.2 million.</li><li>Expected closure of the deal is on or about May 4, 2026.</li><li>Univest Securities acts as the sole placement agent for this offering.</li><li>The offering is part of a previously declared shelf registration.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>UTime Limited (WTO)</strong>: The offering could strengthen cash flows and support expansion efforts.</li><li><strong>Univest Securities, LLC</strong>: They are facilitating the stock issuance, ensuring compliance and investor outreach.</li></ul>
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  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under &#039;Corporate Developments&#039; as it directly relates to UTime&#039;s financing strategy and potential growth trajectory.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The offering price of $1.20 may set a near-term trading ceiling.</li><li>Successful capital raising could improve liquidity and operational flexibility.</li><li>Market response will hinge on investor confidence in UTime&#039;s growth plans.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Offering involves 1 million class A shares at $1.20 each.</li><li>Gross proceeds expected around $1.2 million before fees.</li><li>Deal closure is targeted for May 4, 2026.</li><li>Placement agent is Univest Securities, LLC.</li><li>Offering based on previously filed Form F-3 registration.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Investors should consider buying WTO ahead of the offering&#039;s close for potential gains.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">Shenzhen, China, May  01, 2026  (GLOBE NEWSWIRE) -- UTime Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/WTO">WTO</a>) (the "Company"), a global technology company engaged in the design, development, and manufacturing of mobile devices and smart hardware products, today announced that it has entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of an aggregate of 1,000,000 class A ordinary share of the Company, par value $0.50 per share (the "Shares") (or pre-funded warrants in lieu thereof), at a purchase price of $1.20 per share in a registered direct offering.</p>  <p align="justify">The gross proceeds to the Company from this offering are expected to be approximately $1.2 million, before deducting placement agent fees and other offering expenses payable by the Company. The transaction is expected to close on or about May 4, 2026, subject to the satisfaction of customary closing conditions.</p>  <p align="justify">Univest Securities, LLC is acting as sole placement agent for the offering.</p>  <p align="justify">The registered direct offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-278912) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission ("SEC") on June 10<sup>th</sup>, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC&#39;s website located at <a href="https://www.globenewswire.com/Tracker?data=PEyTmG2HzwlvvVLdeSeXzzMRDa9O0CTb3ZXIgkxd-hUP_3Uh656WtwJAu6g7cu4igtjb5XtaJjryx5jWaA3ucw==" rel="nofollow" target="_blank">http://www.sec.gov</a>. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at <a href="https://www.globenewswire.com/Tracker?data=d-xFWwbzkn0_A9zyeUve0mZ-ltxv_YVZuJDr8KRNGfUtOc_Km3nLfkuNy3oP1Vuh7bVMFQTxDEIPcBV9jBWNqQ==" rel="nofollow" target="_blank">info@univest.us</a>, or by calling +1 (212) 343-8888.</p>  <p align="justify">This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC&#39;s website at <a href="https://www.globenewswire.com/Tracker?data=s14fsg3KKaVfgJFAMH6661eMzvPTQDgyQBFxzI7okVlj4WnpV6mkqnfjDdtWlY3tSObS9xA9O-KcECkRFClvrg==" rel="nofollow" target="_blank">www.sec.gov</a>.</p>  <p align="justify"><b>About UTime Limited</b></p>  <p align="justify">Trading under the Nasdaq ticker WTO, UTime Limited is engaged in the design, development, production, sales and brand operation of mobile devices in China and globally. The company aims to provide cost-effective products and serves a broad customer base.</p>  <p align="justify"><b>Forward-Looking Statements</b></p>  <p align="justify">Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's proposed offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the offering will be closed. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.</p>  <p align="justify"><b>Contact: </b><br></br><a href="https://www.globenewswire.com/Tracker?data=tEzg_qKZ7xYem2TDp5OrnI-MIrVwSGu2zxBVhJdMLDznxk6NzMJe-AjPclfijktQw2EOmqoyslCdIW4gJpVDMfDy67yUWwsnnk87HQrc5oDjkTAHp3hoQI-zbYlBxdrU" rel="nofollow" target="_blank">qhengcong@utimemobile.com</a></p>  <p align="justify"><b>UTime Limited</b><br></br>7th Floor, Building 5A<br></br>Shenzhen Software Industry Base, Nanshan District<br></br>Shenzhen, People's Republic of China 518061<br></br>Tel: (86) 755 86512266</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTcxMTY3NiM3NTc5MDU1IzUwMDE1MzQ0Mw=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/M2E5YzU1MjMtYTJkYi00MzE3LTlmMDktYzZkMjllYTUwMzIzLTUwMDE1MzQ0My0yMDI2LTA1LTAxLWVu/tiny/UTime-Limited.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/7dcb7a9f-2a34-4dd8-a082-99648ecc9150"><img src="https://ml.globenewswire.com/media/7dcb7a9f-2a34-4dd8-a082-99648ecc9150/small/logo-png.png" border="0" width="150" height="41" alt="Primary Logo"></img></a></p>

UTime Limited (WTO) has initiated a securities purchase agreement to raise approximately $1.2 million by offering 1 million class A ordinary shares at $1.20 each. This move could bolster the company’s financial position ahead of upcoming growth initiatives, potentially enhancing investor confidence in the short term.

UTime Limited Announces Pricing of $1.2 Million Registered Direct Offering

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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