U Power closes USD 6 million public offering priced at USD 0.449 per unit

Reuters03-21

U Power closes USD 6 million public offering priced at USD 0.449 per unit

U Power closed an underwritten public offering of 13.36 million units priced at USD 0.45 per unit.
Each unit includes one Class A ordinary share and one Class A warrant exercisable at USD 0.45 per share.
The warrants expire one year from issuance and include a zero exercise price option for twice the shares versus a cash exercise.
The underwriter partially exercised a 45-day option to purchase an additional 1.89 million warrants.
Gross proceeds were USD 6 million, excluding any proceeds from warrant exercises.

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 PR Newswire (Ref. ID: 202603201440PR_NEWS_USPR_____CN14784) on March 20, 2026, and is solely responsible for the information contained therein.

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