finance.yahoo.com

U Power Approves $16 Million Private Placement With Existing Shareholders

U Power logoU Power
Sig2.85Sen+4.20Env0.00Soc0.00Gov+0.60

U Power Limited’s board approved a private placement with four existing shareholders. On August 3, 2026, the company entered subscription agreements to sell 9,756,100 Class A ordinary shares at $1.64 each for about $16 million in gross proceeds. The offer is conducted offshore under Regulation S and shares are not registered under U.S. securities laws.

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