UCASU Reports Additional Insider Purchases by Its Founder

ATLANTA, May 8, 2025 /PRNewswire/ -- UC Asset LP (OTCQB: UCASU) announced today that the company's founder, Dr. Larry Wu, has made additional insider purchases of the company's shares on the open market.

According to a Form 4 filed by Wu, he purchased another 20,000 shares of UCASU at a price of $0.69 per share on May 2, 2025. Earlier this year, he made a similar purchase at a price of $0.6772 per share.

Last September, the company disclosed that its insiders intended to purchase shares on the open market. According to Form 4s filed since then, Wu has cumulatively purchased close to 50,000 shares of the company's common units.

UC Asset is a limited partnership engaged in real estate investment, with a focus on cannabis property in recent years. Last week, the company reported a $0.02 per share net income for fiscal year 2024, marking the second consecutive year of profitability.

Along with its annual report, the company released a statement contending that its cannabis property portfolio's ROI was significantly higher than the industry average for 2024, and had the best performance compared to other public companies holding investments in cannabis properties.

The company plans to launch a secondary public offering via Reg A, to issue preferred units carrying an 8% per annum preferred dividend.

About UC Asset LP

UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies.  For more information about UC Asset, please visit: www.ucasset.com 

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SOURCE UC Asset LP