UTime Ltd Faces Nasdaq Minimum Bid Price Warning
Ticker: WTO · Form: 6-K · Filed: Apr 17, 2025 · CIK: 1789299
| Field | Detail |
|---|---|
| Company | Utime Ltd (WTO) |
| Form Type | 6-K |
| Filed Date | Apr 17, 2025 |
| Risk Level | medium |
| Sentiment | bearish |
Sentiment: bearish
Topics: listing-compliance, delisting-risk, nasdaq
Related Tickers: UTIME
TL;DR
UTime Ltd is at risk of delisting from Nasdaq due to its stock price falling below $1.00.
AI Summary
UTime Limited (Nasdaq: UTIME) received a notification from Nasdaq on October 10, 2024, stating its ordinary shares have been below the $1.00 minimum bid price for 30 consecutive business days. The company is required to regain compliance with Nasdaq's minimum bid price rule.
Why It Matters
Failure to regain compliance could lead to UTime Ltd's delisting from the Nasdaq stock exchange, impacting its liquidity and investor confidence.
Risk Assessment
Risk Level: medium — The company is non-compliant with a key Nasdaq listing rule, which could lead to delisting if not rectified.
Key Numbers
- $1.00 — Minimum Bid Price (The minimum price per share required by Nasdaq for continued listing.)
Key Players & Entities
- UTime Limited (company) — The reporting entity
- Nasdaq (company) — The stock exchange where UTime Ltd is listed
- October 10, 2024 (date) — Date of Nasdaq notification
- $1.00 (dollar_amount) — Minimum bid price requirement
FAQ
What is the specific reason UTime Ltd received a notification from Nasdaq?
UTime Ltd received a notification because the minimum bid price per share for its ordinary shares has been below $1.00 for a period of 30 consecutive business days.
When did UTime Ltd receive this notification from Nasdaq?
UTime Ltd received the notification on October 10, 2024.
What is the consequence of not meeting the minimum bid price requirement?
Failure to meet the minimum bid price requirement could lead to the delisting of UTime Ltd's ordinary shares from The NASDAQ Stock Market LLC.
What is the company's ticker symbol?
The company's ticker symbol is UTIME.
What is the address of UTime Limited's principal executive office?
The address is 7th Floor, Building 5A, Shenzhen Software Industry Base, Nanshan District, Shenzhen, 518061, People's Republic of China.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on April 17, 2025 regarding UTime Ltd (WTO).