UTime Ltd Non-Compliant with Nasdaq Equity Rule
Ticker: WTO · Form: 6-K · Filed: Oct 14, 2025 · CIK: 1789299
| Field | Detail |
|---|---|
| Company | Utime Ltd (WTO) |
| Form Type | 6-K |
| Filed Date | Oct 14, 2025 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $2,500,000, $25 million, $6.69 m, $2.5 million |
| Sentiment | bearish |
Sentiment: bearish
Topics: compliance, delisting-risk, equity
TL;DR
UTime Ltd is at risk of delisting from Nasdaq due to insufficient stockholders' equity.
AI Summary
UTime Limited received a notification from Nasdaq on or about August 15, 2025, stating it was no longer in compliance with the minimum $2,500,000 stockholders' equity requirement. This 6-K filing reports on this non-compliance issue.
Why It Matters
Failure to regain compliance with Nasdaq's equity requirements could lead to delisting, impacting the company's ability to raise capital and its stock's liquidity.
Risk Assessment
Risk Level: high — The company is not meeting a key financial requirement for listing on Nasdaq, which could result in delisting.
Key Numbers
- $2,500,000 — Minimum Stockholders' Equity (The threshold UTime Limited failed to meet, leading to Nasdaq non-compliance.)
Key Players & Entities
- UTime Limited (company) — The filer of this report.
- Nasdaq Stock Market LLC (company) — The exchange that issued the non-compliance notice.
- $2,500,000 (dollar_amount) — The minimum stockholders' equity requirement UTime failed to meet.
- August 15, 2025 (date) — The approximate date UTime received the non-compliance notice.
FAQ
What is the specific reason UTime Limited is not in compliance with Nasdaq rules?
UTime Limited is not in compliance with the minimum $2,500,000 stockholders' equity requirement set by Nasdaq.
When did UTime Limited receive the notification from Nasdaq?
UTime Limited received the notification on or about August 15, 2025.
What is the filing form and date?
The filing is a Form 6-K, filed as of October 14, 2025.
What is UTime Limited's principal executive office location?
UTime Limited's principal executive office is located at 7th Floor Building 5A, Shenzhen Software Industry Base, Nanshen, Shenzhen, People's Republic of China.
What is UTime Limited's fiscal year end?
UTime Limited's fiscal year ends on March 31.
Filing Stats: 518 words · 2 min read · ~2 pages · Grade level 15.2 · Accepted 2025-10-14 06:10:11
Key Financial Figures
- $2,500,000 — o longer in compliance with the minimum $2,500,000 stockholders’ equity requirement
- $25 million — owever, because the Company completed a $25 million private placement (the “Private P
- $6.69 m — kholders’ equity of approximately $6.69 million, on a pro forma basis, after comp
- $2.5 million — be able to maintain compliance with the $2.5 million stockholders’ equity requirement
Filing Documents
- form6-k.htm (6-K) — 17KB
- 0001493152-25-017876.txt ( ) — 19KB
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. UTIME LIMITED Dated: October 14, 2025 By: /s/ Hengcong Qiu Name: Hengcong Qiu Title: Chief Executive Officer (Principal Executive Officer)