U Power to issue 3 million Class A shares in exchange for canceling 551,628 warrants

Reuters03-19

U Power to issue 3 million Class A shares in exchange for canceling 551,628 warrants

U Power entered into a warrant exchange and cancellation agreement with Sabby Volatility Warrant Master Fund. The holder agreed to surrender and cancel 551,628 ordinary share purchase warrants that were issued on July 25, 2025. In exchange, U Power will issue 3 million Class A ordinary shares, subject to a 9.99% beneficial ownership limitation. The company said its transfer agent will deliver an initial 500,000 shares to the holder’s brokerage account by March 18, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. U Power Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-030433), on March 18, 2026, and is solely responsible for the information contained therein.

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