UTime Ltd Files 6-K, Cites Jan 6 Securities Purchase Agreement
Ticker: WTO · Form: 6-K · Filed: Feb 6, 2025 · CIK: 1789299
| Field | Detail |
|---|---|
| Company | Utime Ltd (WTO) |
| Form Type | 6-K |
| Filed Date | Feb 6, 2025 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $0.0001, $0.344, $0.15, $1.53 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, 6-K, financing
TL;DR
UTime Ltd 6-K filing confirms Jan 6 SPA with non-US persons.
AI Summary
UTime Limited filed a Form 6-K on February 6, 2025, reporting on events for the month of February 2025. The filing specifically references a previously disclosed securities purchase agreement (SPA) entered into on January 6, 2025, with certain "non-U.S. Persons" identified as "Purchasers" under Regulation S of the Securities Act of 1933.
Why It Matters
This filing provides an update on UTime Ltd's financing activities, specifically referencing a securities purchase agreement, which could impact the company's capital structure and future operations.
Risk Assessment
Risk Level: low — The filing is a routine report of foreign private issuer and does not contain new material adverse information.
Key Players & Entities
- UTime Limited (company) — Filer of the 6-K report
- January 6, 2025 (date) — Date of the securities purchase agreement
- Regulation S (legal_document) — Defines 'non-U.S. Persons' for the SPA
- Securities Act of 1933 (legal_document) — Governs the definition of 'Purchasers' in the SPA
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K is a Report of Foreign Private Issuer filed by UTime Limited for the month of February 2025, pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
What specific agreement is UTime Limited referencing in this filing?
UTime Limited is referencing a securities purchase agreement (SPA) that it entered into on January 6, 2025.
Who are the parties involved in the securities purchase agreement?
The SPA was entered into with certain "non-U.S. Persons" who are referred to as the "Purchasers" as defined in Regulation S of the Securities Act of 1933.
What is UTime Limited's principal executive office address?
UTime Limited's principal executive office is located at 7th Floor, Building 5A, Shenzhen Software Industry Base, Nanshan District, Shenzhen, 518061, People's Republic of China.
Does UTime Limited file annual reports under Form 20-F or 40-F?
UTime Limited indicates that it files annual reports under cover of Form 20-F.
Filing Stats: 290 words · 1 min read · ~1 pages · Grade level 12.4 · Accepted 2025-02-06 16:05:16
Key Financial Figures
- $0.0001 — rdinary share of the Company, par value $0.0001 per share (“ Share ”) and a
- $0.344 — quo;) with an initial exercise price of $0.344 per Share, at a price of $0.15 per Unit
- $0.15 — rice of $0.344 per Share, at a price of $0.15 per Unit for an aggregate purchase pric
- $1.53 million — gregate purchase price of approximately $1.53 million (the “ Offering ”). On Feb
Filing Documents
- ea0230101-6k_utime.htm (6-K) — 9KB
- 0001213900-25-010934.txt ( ) — 10KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: February 6, 2025 UTIME LIMITED By: /s/ Hengcong Qiu Name: Hengcong Qiu Title: Chief Executive Officer 2