U Power Limited Announces 1-for-100 Share Consolidation [Yahoo! Finance]
U Power Limited (UCAR)
Company Research
Source: Yahoo! Finance
vision to becoming a comprehensive EV battery power solution provider in China , today announced that the Company held an extraordinary general meeting of shareholders on Monday, March 25, 2024 , at which the shareholders approved the proposal for a 1-for-100 reverse share split of the Company's ordinary shares (the "Share Consolidation"). No fractional shares will be issued in connection with the Share Consolidation and all fractional shares (after aggregating all fractional shares that would otherwise be received by a shareholder) resulting from the Share Consolidation will be rounded up to the whole number of shares. At the opening of trading on April 3rd, 2024 , the Company's ordinary shares will begin trading on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol, "UCAR", with a new CUSIP number of G9520U116. The Share Consolidation is being effectuated primarily to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) related to the minimum
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UCAR
News
- U Power Limited Regains Compliance with Nasdaq Minimum Bid Price Requirement [Yahoo! Finance]Yahoo! Finance
- U Power Limited Regains Compliance with Nasdaq Minimum Bid Price RequirementPR Newswire
- U Power To Launch Commercial Operation for its EV Battery Swapping System [Yahoo! Finance]Yahoo! Finance
- U Power To Launch Commercial Operation for its EV Battery Swapping SystemPR Newswire
- U Power Limited Announces 1-for-100 Share ConsolidationPR Newswire
UCAR
Sec Filings
- 4/30/24 - Form NT
- 4/24/24 - Form 6-K
- 4/9/24 - Form SC
- UCAR's page on the SEC website