1/4/2024 0 Comments Utime stock forecast![]() The Company is working diligently to complete its Form 20-F and intends to file the Form 20-F as soon as practicable to regain compliance with the Rules. However, if the Company fails to timely regain compliance with the Rule, the Company’s securities will be subject to delisting from Nasdaq. The Notice has no immediate effect on the listing or trading of the Company’s securities. UTime, which is known as middle-to-high end label and targets middle class consumers from emerging markets and Do, as low-to mid-end brand, is. Find market predictions, UTME financials and market news. If the Staff does not accept the Company’s plan, then the Company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. View live UTime Limited chart to track its stocks price action. However, there can be no assurance that Nasdaq will accept the Company’s plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq. If the Staff accepts the plan, the Staff may grant the Company an extension of up to 180 calendar days from the Form 20-F’s due date, or until Februto regain compliance. Nasdaq has informed the Company that, under Nasdaq rules, the Company will be required to submit a plan to regain compliance with Rule 5250(c)(1) for the Staff’s consideration by no later than October 17, 2022, which is 60 calendar days from receipt of the Notice. The extension period provided under Rule 12b-25 expired on August 16, 2022. ![]() As reported by the Company in its Form 12b-25 filed with the Securities and Exchange Commission (the “SEC”) on July 29, 2022, the Company was unable to file its Form 20-F within the prescribed time period without unreasonable effort or expense. UTime Stock Price Increased 110.69: Why It. The Notice advised the Company that it was not in compliance with Nasdaq’s continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1) (the “Rule”). The stock price of UTime Ltd (NASDAQ: UTME) increased by over 55 during intraday trading. (UTime Limited) announced that it has received a notice (“Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market (“Nasdaq”) as a result of its failure to file its Annual Report on Form 20-F for the fiscal year ended Ma(the “Form 20-F”) in a timely fashion. Stock Exchange NASDAQ Ticker Symbol UTME Full Company Profile Financial Performance In 2020, UTime's revenue was 246.90 million, an increase of 27.87 compared to the previous year's 193.09 million. UTime joins a growing list of companies that are seeing shares soar on Wednesday.UTime Limited Announces Receipt of Notice from Nasdaq Regarding Late Filing of Annual Report on Form 20-F UTME stock was up 113.4% as of Wednesday afternoon. UTime Limited (UTME) stock forecast and price target. It’s also unknown just how well these glasses would be able to compete against possible offerings from larger rivals such as Apple (NASDAQ: AAPL) or Alphabet (NASDAQ: GOOGL, GOOG).The idea of a budget company offering Bluetooth glasses when many larger companies haven’t entered the space yet is strange.One of its more interesting plans is Bluetooth glasses.UTME hopes to fix this with the extra development that funds from the offering will allow.The stock market can have a significant impact on individuals and the economy as a whole. This aids in the representation of the entire stock market as well as the forecasting of market movement over time. The index is the average value derived by adding up the prices of various equities. The company’s focus on cheap phones means that it doesn’t yet have one that offers 4G to customers. Every Stock Exchange has its own value for the Stock Index.UTime wants to use the funds gained from its IPO to expand its business.Brilliant Norton Securities Company Limited and Fosun Hani Securities Limited are acting as co-underwriters for the offering.Boustead Securities is the lead underwriter of the UTime IPO.HKEX (Hong Kong) Stock Forecasts All Stocks (from 50+ Exchanges) Stocks Under. That set the company up to earn $15 million in gross proceeds from the IPO. UTime Ltd Price (UTME) Daily Price Prediction Charts.This saw the company offering up 3.75 million shares of UTME stock at a price of $4 each.UTime only just launched its IPO on Tuesday.That has it working to create devices and products that are cost-effective.Instead, the company is aiming at budget customers in established and emerging markets. ![]() Unlike most mobile comapnies, UTME isn’t aiming for big spenders.UTime is a Chinese mobile company focused on developing and manufacturing phones, accessories, and other related products. ![]() Here’s everything investors need to know about UTME stock.
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