U Power Limited Signs $3.19 Million Subscription Agreements with Strategic Investors
U Power Limited - Class A Ordinary Shares (UCAR)
Company Research
Source: PR Newswire
SHANGHAI, April 7, 2026 /PRNewswire/ -- U Power Limited (Nasdaq: UCAR) (the "Company" or "U Power"), a provider of AI-integrated solutions for next-generation energy grids and intelligent transportation systems, today announced that on April 7, 2026, it entered into subscription agreements (the "Subscription Agreements") with seven purchasers, for the sale of 2,900,000 Class A Ordinary Shares (each, a "Share" and collectively, the "Shares") of the Company at $1.10 per Share (the "Transaction").Gross proceeds to the Company from this Transaction will be $3,190,000. The closing of the Transaction contemplated hereby is expected to take place on or about April 7, 2026, and has been approved by the Company's board of directors. The Company intends to use the proceeds from this Transaction to support its expansion across both new and existing key markets, enhance and scale its core operations, and accelerate the deployment of its proprietary battery-swapping solutions.Johnny Lee, Founder a
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News
- U POWER LIMITED Makes Major Breakthrough in Thailand's Heavy-Duty Truck Battery-Swapping Market [Yahoo! Finance]Yahoo! Finance
- U POWER LIMITED Makes Major Breakthrough in Thailand's Heavy-Duty Truck Battery-Swapping MarketPR Newswire
- U POWER LIMITED Makes Major Breakthrough in Thailand's Heavy-Duty Truck Battery-Swapping MarketPR Newswire
- U Power Limited Announces Closing of $6.0 Million Public OfferingPR Newswire
- U Power Limited Announces Pricing of $6.0 Million Public OfferingPR Newswire
UCAR
Sec Filings
- 4/7/26 - Form 6-K
- 3/25/26 - Form 6-K/A
- 3/24/26 - Form 6-K
- UCAR's page on the SEC website