{"success":true,"data":{"pressRelease":{"id":"19814","rtpr_id":"nGNX4lCw0x","ticker":"WTO","exchange":"NASDAQ","all_tickers":["WTO"],"title":"Univest Securities, LLC Announces Closing of $1.2 Million Registered Direct Offering for its Client UTime Limited (NASDAQ: WTO)","author":"Globe Newswire","published_at":"2026-05-04T21:00:00.171Z","article_body":"New York, May 04, 2026 (GLOBE NEWSWIRE) -- Univest Securities, LLC\n(“Univest”), a member of FINRA and SIPC, and a full-service investment\nbank and securities broker-dealer firm based in New York, today announced the\nclosing of a registered direct offering (the “Offering”) of $1.2 million\nfor its client UTime Limited (NASDAQ: WTO) (the “Company”), a global\ntechnology company engaged in the design, development, and manufacturing of\nmobile devices and smart hardware products.\n\nUnder the terms of the securities purchase agreement, the Company has agreed\nto sell to certain institutional investors an aggregate of 1,000,000 of the\nCompany’s Class A ordinary shares, par value $0.50 per share (the\n“Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of\n$1.20 per share in the Offering.\n\nThe aggregate gross proceeds to the Company were $1.2 million,before deducting\nplacement agent fees and other offering expenses payable by the Company.\n\nUnivest Securities, LLC acted as the sole placement agent.\n\nThe registered direct offering was made pursuant to a shelf registration\nstatement on Form F-3 (File No. 333-278912) previously filed by the Company\nand declared effective by the U.S. Securities and Exchange Commission\n(“SEC”) on June 10, 2024. A final prospectus supplement and accompanying\nprospectus describing the terms of the proposed offering were filed with the\nSEC and are available on the SEC’s website located at www.sec.gov.\nElectronic copies of the final prospectus supplement and the accompanying\nprospectus may be obtained by contacting Univest Securities, LLC at\ninfo@univest.us, or by calling +1 (212) 343-8888.\n\nThis press release does not constitute an offer to sell or the solicitation of\nan offer to buy, nor will there be any sales of such securities in any\njurisdiction in which such offer, solicitation or sale would be unlawful prior\nto registration or qualification under the securities laws of such\njurisdiction. Copies of the prospectus supplement relating to the registered\ndirect offering, together with the accompanying base prospectus, can be\nobtained at the SEC’s website at www.sec.gov.\n\nAbout Univest Securities, LLC\n\nRegistered with FINRA since 1994, Univest Securities, LLC provides a wide\nvariety of financial services to its institutional and retail clients\nglobally, including brokerage and execution services, sales and trading,\nmarket making, investment banking and advisory, and wealth management. It\nstrives to provide clients with value-added service and focuses on building\nlong-term relationships with its clients. As a prominent name on Wall Street,\nUnivest has successfully raised over $1.8 billion in capital for issuers\nacross the globe since 2019 and has completed approximately 100 transactions\nspanning a wide array of investment banking services in various industries,\nincluding technology, life sciences, industrial, consumer goods, etc. For more\ninformation, please visit: www.univest.us.\n\nAbout UTime Limited\n\nTrading under the Nasdaq ticker WTO, UTime Limited is engaged in the design,\ndevelopment, production, sales and brand operation of mobile devices in China\nand globally. The Company aims to provide cost-effective products and serves a\nbroad customer base.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements as defined by the\nPrivate Securities Litigation Reform Act of 1995. Forward-looking statements\ninclude statements concerning plans, objectives, goals, strategies, future\nevents or performance, and underlying assumptions and other statements that\nare other than statements of historical facts. When the Company uses words\nsuch as “may, “will, “intend,” “should,” “believe,”\n“expect,” “anticipate,” “project,” “estimate” or similar\nexpressions that do not relate solely to historical matters, it is making\nforward-looking statements. Forward-looking statements are not guarantees of\nfuture performance and involve risks and uncertainties that may cause the\nactual results to differ materially from the Company’s expectations\ndiscussed in the forward-looking statements. These statements are subject to\nuncertainties and risks including, but not limited to, the uncertainties\nrelated to market conditions and the completion of the initial public offering\non the anticipated terms or at all, and other factors discussed in the “Risk\nFactors” section of the registration statement filed with the SEC. For these\nreasons, among others, investors are cautioned not to place undue reliance\nupon any forward-looking statements in this press release. Additional factors\nare discussed in the Company’s filings with the SEC, which are available for\nreview at www.sec.gov. Univest Securities LLC and the Company undertake no\nobligation to publicly revise these forward-looking statements to reflect\nevents or circumstances that arise after the date hereof.\n\nFor more information, please contact:\n\nUnivest Securities, LLC\nEdric Guo\nChief Executive Officer\n75 Rockefeller Plaza, Suite 25A\nNew York, NY 10019\nPhone: (212) 343-8888\nEmail: info@univest.us\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/95d59530-44ca-4b55-88e9-cedd25bb8a27)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX4lCw0x","title":"Univest Securities, LLC Announces Closing of $1.2 Million Registered Direct Offering for its Client UTime Limited (NASDAQ: WTO)","author":"Globe Newswire","ticker":"WTO","created":"2026-05-04T21:00:00.171Z","tickers":["WTO"],"exchange":"NASDAQ","article_body":"New York, May 04, 2026 (GLOBE NEWSWIRE) -- Univest Securities, LLC\n(“Univest”), a member of FINRA and SIPC, and a full-service investment\nbank and securities broker-dealer firm based in New York, today announced the\nclosing of a registered direct offering (the “Offering”) of $1.2 million\nfor its client UTime Limited (NASDAQ: WTO) (the “Company”), a global\ntechnology company engaged in the design, development, and manufacturing of\nmobile devices and smart hardware products.\n\nUnder the terms of the securities purchase agreement, the Company has agreed\nto sell to certain institutional investors an aggregate of 1,000,000 of the\nCompany’s Class A ordinary shares, par value $0.50 per share (the\n“Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of\n$1.20 per share in the Offering.\n\nThe aggregate gross proceeds to the Company were $1.2 million,before deducting\nplacement agent fees and other offering expenses payable by the Company.\n\nUnivest Securities, LLC acted as the sole placement agent.\n\nThe registered direct offering was made pursuant to a shelf registration\nstatement on Form F-3 (File No. 333-278912) previously filed by the Company\nand declared effective by the U.S. Securities and Exchange Commission\n(“SEC”) on June 10, 2024. A final prospectus supplement and accompanying\nprospectus describing the terms of the proposed offering were filed with the\nSEC and are available on the SEC’s website located at www.sec.gov.\nElectronic copies of the final prospectus supplement and the accompanying\nprospectus may be obtained by contacting Univest Securities, LLC at\ninfo@univest.us, or by calling +1 (212) 343-8888.\n\nThis press release does not constitute an offer to sell or the solicitation of\nan offer to buy, nor will there be any sales of such securities in any\njurisdiction in which such offer, solicitation or sale would be unlawful prior\nto registration or qualification under the securities laws of such\njurisdiction. Copies of the prospectus supplement relating to the registered\ndirect offering, together with the accompanying base prospectus, can be\nobtained at the SEC’s website at www.sec.gov.\n\nAbout Univest Securities, LLC\n\nRegistered with FINRA since 1994, Univest Securities, LLC provides a wide\nvariety of financial services to its institutional and retail clients\nglobally, including brokerage and execution services, sales and trading,\nmarket making, investment banking and advisory, and wealth management. It\nstrives to provide clients with value-added service and focuses on building\nlong-term relationships with its clients. As a prominent name on Wall Street,\nUnivest has successfully raised over $1.8 billion in capital for issuers\nacross the globe since 2019 and has completed approximately 100 transactions\nspanning a wide array of investment banking services in various industries,\nincluding technology, life sciences, industrial, consumer goods, etc. For more\ninformation, please visit: www.univest.us.\n\nAbout UTime Limited\n\nTrading under the Nasdaq ticker WTO, UTime Limited is engaged in the design,\ndevelopment, production, sales and brand operation of mobile devices in China\nand globally. The Company aims to provide cost-effective products and serves a\nbroad customer base.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements as defined by the\nPrivate Securities Litigation Reform Act of 1995. Forward-looking statements\ninclude statements concerning plans, objectives, goals, strategies, future\nevents or performance, and underlying assumptions and other statements that\nare other than statements of historical facts. When the Company uses words\nsuch as “may, “will, “intend,” “should,” “believe,”\n“expect,” “anticipate,” “project,” “estimate” or similar\nexpressions that do not relate solely to historical matters, it is making\nforward-looking statements. Forward-looking statements are not guarantees of\nfuture performance and involve risks and uncertainties that may cause the\nactual results to differ materially from the Company’s expectations\ndiscussed in the forward-looking statements. These statements are subject to\nuncertainties and risks including, but not limited to, the uncertainties\nrelated to market conditions and the completion of the initial public offering\non the anticipated terms or at all, and other factors discussed in the “Risk\nFactors” section of the registration statement filed with the SEC. For these\nreasons, among others, investors are cautioned not to place undue reliance\nupon any forward-looking statements in this press release. Additional factors\nare discussed in the Company’s filings with the SEC, which are available for\nreview at www.sec.gov. Univest Securities LLC and the Company undertake no\nobligation to publicly revise these forward-looking statements to reflect\nevents or circumstances that arise after the date hereof.\n\nFor more information, please contact:\n\nUnivest Securities, LLC\nEdric Guo\nChief Executive Officer\n75 Rockefeller Plaza, Suite 25A\nNew York, NY 10019\nPhone: (212) 343-8888\nEmail: info@univest.us\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/95d59530-44ca-4b55-88e9-cedd25bb8a27)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-04T21:00:00.217140595Z","server_sent_at_ms":1777928400217},"received_at":"2026-05-04T21:00:00.330Z","source_url":"https://www.globenewswire.com/news-release/2026/05/01/3286191/0/en/utime-limited-announces-pricing-of-1-2-million-registered-direct-offering.html"},"analysis":{"id":"14514","press_release_id":"19814","analysis_json":{"industry":{"label":"Technology Hardware & Equipment","sector":"Information Technology"},"redFlags":[],"eventType":"offering","narrative":"UTime Limited closed a registered direct offering raising $1.2 million in gross proceeds by selling 1,000,000 Class A ordinary shares at a purchase price of $1.20 per share.\n\nUnivest Securities, LLC acted as the sole placement agent for the transaction, which was conducted pursuant to a previously effective shelf registration statement on Form F-3.\n\nUTime is a global technology company engaged in the design, development, and manufacturing of mobile devices and smart hardware products.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Routine small-cap financing close; low market impact expected."},"keyFigures":{"dealValueUsd":1200000,"offeringPrice":1.2,"sharesOffered":1000000},"quotedText":"","namedEntities":{"people":[{"name":"Edric Guo","role":"Chief Executive Officer of Univest Securities, LLC"}],"products":["mobile devices","smart hardware products"],"companies":[{"name":"UTime Limited","ticker":"WTO"},{"name":"Univest Securities, LLC","relationship":"placement agent"}],"dollarAmounts":[{"amount":"$1.2 million","context":"aggregate gross proceeds to the Company"},{"amount":"$1.20","context":"purchase price per share"},{"amount":"$0.50","context":"par value per share"}]},"materialImpact":{"score":2,"reasoning":"A small-scale, routine $1.2 million registered direct offering. 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