Utime limited regains compliance with nasdaq minimum closing bid price rule

New york, aug. 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, announced today that it received a formal notification from the nasdaq stock market llc (“nasdaq”) that the company has regained compliance with nasdaq listing rule 5550(a)(2), which requires the company's ordinary shares to maintain a minimum bid price of $1.00 per share.
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