On Nov 15 Entered Certain Termination Agreement Pursuant To Which October SpA

UTime

16/11/2023 22:16

Nov 16 (Reuters) - Utime Ltd  WTO.O :
    * UTIME LTD - ON NOV 15 ENTERED CERTAIN TERMINATION
AGREEMENT
PURSUANT TO WHICH OCTOBER SPA AND OCTOBER OFFERING WERE
TERMINATED EFFECTIVELY IMMEDIATELY
    * UTIME LTD - ON NOV 15 ENTERED INTO A NEW SECURITIES
PURCHASE
AGREEMENT (THE “NOVEMBER SPA”)
    * UTIME LTD - AGREED TO SELL 373.8 MILLION UNITS AT PRICE OF
$0.13
PER UNIT, FOR AGGREGATE PURCHASE PRICE OF ABOUT $48.6 MILLION

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 ((Reuters.Briefs@thomsonreuters.com;))