U Power Ltd. Raises $2 Million in Private Placement of Senior Secured Notes

Reuters12-04
U Power Ltd. Raises $2 Million in Private Placement of Senior Secured Notes

U Power Ltd. has announced the completion of a private placement with an institutional investor, raising $2,013,600 through the issuance of senior secured promissory notes with an aggregate original principal amount of $2,517,000. The transaction, which closed on December 1, 2025, was facilitated by Maxim Group LLC as the sole placement agent. The securities were sold pursuant to exemptions from the registration requirements of the Securities Act of 1933 and were offered exclusively to an accredited investor in a private transaction.

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