UTime receives Nasdaq deficiency notice over equity requirement
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UTime Ltd. Received Nasdaq Notification Letter Regarding Stockholders' Equity Deficiency
August 21, 2025 4:05 PM EDTBEIJING, Aug. 21, 2025 (GLOBE NEWSWIRE) -- UTime Limited ("UTime" or the "Company") (Nasdaq: WTO), today announced that on August 15, 2025, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it is no longer in compliance with the requirement of maintaining a minimum of $2,500,000 in stockholders equity for continued listing on the Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(b)(1) based on the Companys reported stockholders equity in its Form 20-F for the year ended March 31, 2025, which is below the... More
