UTime Limited announced that its Nasdaq ticker symbol will change from WTO to FXHO effective July 2, 2026, in preparation for its planned acquisition of Feixiaohao Technology Inc. The company previously entered into a non-binding letter of intent for the potential strategic transaction with Feixiaohao, a widely recognized Web3 data and information platform serving millions of cryptocurrency and blockchain users globally. UTime and Feixiaohao continue to evaluate business integration, technology infrastructure, and market expansion opportunities. Management believes the proposed transaction could strengthen UTime's strategic positioning in the Web3 and digital data infrastructure sector, though the deal remains subject to due diligence, definitive agreements, closing conditions, and regulatory approvals.
UTime LimitedTicker change and planned acquisition of Feixiaohao signal strategic move into Web3, potentially boosting valuation.
Feixiaohao is the acquisition target; deal is non-binding and subject to conditions, so impact is uncertain.