UTime's Reverse Split: A Deep Dive
UTime Limiteds stock plummeted by over 27% in after-hours trading on November twelfth due to a planned one-for-one hundred reverse stock split. This move aims to help UTime meet Nasdaqs listing requirements and boost its per-share trading price. Shareholders will receive one new share for every one hundred shares owned, with any fractions rounded up. The split will take effect on November twenty-first, 2025, and UTime will continue using its WTO ticker symbol. However, reverse stock splits are often viewed negatively, signaling financial difficulties and potential underlying business challenges.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.