UTime Ltd. has completed a private placement, selling 4,550,000 class A ordinary shares at $0.20 per share to select investors, raising a total of $910,000. The transaction, which closed on January 20, 2026, was conducted under Regulation S of the Securities Act of 1933. Proceeds from the offering will be used for working capital and general corporate purposes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UTime Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-002918), on January 20, 2026, and is solely responsible for the information contained therein.