UTime Limited Regains Compliance with Nasdaq Minimum Closing Bid Price Rule
14 8월 2024 - 5:05AM
UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile
device manufacturing company committed to providing cost effective
products and solutions to consumers globally and helping low-income
individuals from established and emerging markets, announced today
that it received a formal notification from the Nasdaq Stock Market
LLC (“Nasdaq”) that the Company has regained compliance with Nasdaq
Listing Rule 5550(a)(2), which requires the Company’s ordinary
shares to maintain a minimum bid price of $1.00 per share.
The Nasdaq staff made this determination of
compliance after the closing bid price of the Company’s common
stock has been at $1.00 per share or greater for the last 11
consecutive business days from July 26, 2024 to August 9, 2024.
Accordingly, the Company has regained compliance with Nasdaq
Listing Rule 5550(a)(2) and this bid price deficiency matter is now
closed.
About UTime
UTime Ltd., established in 2008, is committed to providing
cost-effective mobile devices to consumers globally and to helping
low-income individuals from established markets, including the
United States and emerging markets such as India and other
countries in South Asia and Africa have better access to updated
mobile technology. Since July 2023, we have added smart electric
vehicle chargers into our product lines in response to the global
demand for energy conservation and carbon reduction. For more
information, visit the Company’s website at
http://www.utimeworld.com/.
Forward-Looking Statements
Statements in this press release about future
expectations, plans and prospects, as well as any other statements
regarding matters that are not historical facts, may constitute
“forward-looking statements” within the meaning of The Private
Securities Litigation Reform Act of 1995. These statements include,
but are not limited to, statements relating to the ability of the
Company to regain compliance with Nasdaq continued listing
requirements. The words “anticipate,” “believe,” “continue,”
“could,” “estimate,” “expect,” “intend,” “may,” “plan,”
“potential,” “predict,” “project,” “should,” “target,” “will,”
“would” and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. Actual results may
differ materially from those indicated by such forward-looking
statements as a result of various important factors discussed in
the “Risk Factors” section of the Annual Report in Form 20-F filed
with the SEC on August 8, 2023. Any forward-looking statements
contained in this press release speak only as of the date hereof,
and the Company specifically disclaims any obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
For more information, please contact:
PR Email: pr@westock.com
UTime (NASDAQ:WTO)
과거 데이터 주식 차트
부터 9월(9) 2024 으로 10월(10) 2024
UTime (NASDAQ:WTO)
과거 데이터 주식 차트
부터 10월(10) 2023 으로 10월(10) 2024