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Iseneschal wrote: I was correct????? Please make a comment because I am being chastized by ST Admin Cops and being accused of being an insider by a ST high Reputation poster called " loopsbuterfly" I do my research and I ude all the available resources to come to a conclusion on what the future events will and I try to pass that info on to the "un-informed ST audience" Here is todays WTO News Release which I told everyone here that it would happen ; ) Good trading! UTime Limited Announces Pricing of $5 Million Registered Direct Offering 2024-09-13 06:00 ET - News Release NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets today announced that it has entered into a securities purchase agreement with certain accredited investor to sell $5 million of its ordinary shares in a registered direct offering. Under the terms of the securities purchase agreement, UTime has agreed to sell 7,692,308 ordinary shares with a purchase price of .65 per share. The gross proceeds to UTime are estimated to be $5 million before deducting the estimated offering expenses. The registered direct offering is expected to close on or about September 16, 2024, subject to the satisfaction of customary closing conditions.
UTime Limited Announces Pricing of $5 Million Registered Direct Offering
2024-09-13 06:00 ET - News Release
NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- UTime Limited (“UTime” or the “Company”) (Nasdaq: WTO), a mobile device manufacturing company committed to providing cost effective products and solutions to consumers globally and helping low-income individuals from established and emerging markets today announced that it has entered into a securities purchase agreement with certain accredited investor to sell $5 million of its ordinary shares in a registered direct offering.
Under the terms of the securities purchase agreement, UTime has agreed to sell 7,692,308 ordinary shares with a purchase price of .65 per share. The gross proceeds to UTime are estimated to be $5 million before deducting the estimated offering expenses.
The registered direct offering is expected to close on or about September 16, 2024, subject to the satisfaction of customary closing conditions.
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