UTime Executes 10:1 Reverse Split, Cancels Shares, and Grants 900K Shares to Directors
FXHO has more than doubled off its 52-week low of $5.02 on light trading volume (0.1× avg).
Summary
UTime completed a 10:1 reverse stock split to meet Nasdaq's minimum bid price, canceled shares from a prior placement, and issued 900,000 restricted shares to its five directors.
Key Events · Corporate Governance and Compliance · FXHO
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10:1 Reverse Stock Split Completed
Effective June 22, 2026, UTime consolidated every 10 Class A ordinary shares into one, reducing authorized Class A shares from 900 million to 90 million and increasing par value from $0.5 to $5.0 to regain Nasdaq compliance.
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3,672 Shares Canceled from 2025 Placement
On July 13, 2026, the company canceled 3,672 Class A ordinary shares issued to 23 offshore investors in a 2025 private placement due to payment issues, reducing outstanding shares.
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Directors Granted 900,000 Restricted Shares
On July 22, 2026, each of the five directors received 180,000 restricted Class A ordinary shares under the 2026 Equity Incentive Plan, totaling 900,000 shares, aligning insider interests but adding dilution.
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Nasdaq Compliance Effort
The reverse split aims to increase the per-share trading price to maintain Nasdaq's minimum bid price requirement, a critical step to avoid delisting.
Analysis · FXHO · Manufacturing
To regain Nasdaq compliance, UTime completed a 10-for-1 reverse stock split effective June 22, 2026, shrinking authorized Class A shares from 900 million to 90 million. Separately, 3,672 shares from a failed 2025 private placement were canceled, and each of the five directors received 180,000 restricted shares under the 2026 Equity Incentive Plan. While the reverse split is a critical move to avoid delisting, the director grants signal insider alignment but also introduce dilution.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 29.5% of the 1672 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.22%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FXHO was trading at $10.98 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $2M. The 52-week trading range was $5.02 to $7,700.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.