UTime Stock Jumps After SEC Filing as Company Seeks to Scrap Resale Plan
On May 1, UTime Limited told U.S. regulators it wants to scrap a resale registration statement, deciding not to register the securities the Nasdaq-listed device maker had originally put forward. CEO Hengcong Qiu signed the company’s request, which noted the Form F-3 was never declared effective—no securities ever changed hands in the planned secondary offering.
