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U Power raises $25.7 million in private placement

Mon, 27 Apr 2026 11:06:36 -0400

U Power Limited (NASDAQ: UCAR) completed a private placement of $25.7 million through the sale of 15,670,737 Class A ordinary shares at $1.64 per share, according to a company statement.

The transaction involved ten purchasers, including CEO Johnny Lee, who subscribed for $3.0 million worth of shares. Other notable investors include Fortune Light Assets Ltd, a family office of Chatchaval Jiaravanon from the Charoen Pokphand Group, which purchased $2.0 million in shares, and Guofu Hydrogen Energy (Hong Kong) Development Co., Limited (HKSE: 2582), which acquired $3.6 million in shares.

The shares were sold under Regulation S of the Securities Act of 1933

U Power raises $25.7 million in private placement

Mon, 27 Apr 2026 11:06:36 -0400

U Power Limited (NASDAQ: UCAR) completed a private placement of $25.7 million through the sale of 15,670,737 Class A ordinary shares at $1.64 per share, according to a company statement.

The shares were sold under Regulation S of the Securities Act of 1933

U Power raises $25.7 million in private placement

Mon, 27 Apr 2026 11:06:36 -0400

U Power Limited (NASDAQ: UCAR) completed a private placement of $25.7 million through the sale of 15,670,737 Class A ordinary shares at $1.64 per share, according to a company statement.

The shares were sold under Regulation S of the Securities Act of 1933

U Power raises $25.7 million in private placement

Mon, 27 Apr 2026 11:06:36 -0400

U Power Limited (NASDAQ: UCAR) completed a private placement of $25.7 million through the sale of 15,670,737 Class A ordinary shares at $1.64 per share, according to a company statement.

The shares were sold under Regulation S of the Securities Act of 1933

U Power raises $25.7 million in private placement

Mon, 27 Apr 2026 11:06:36 -0400

U Power Limited (NASDAQ: UCAR) completed a private placement of $25.7 million through the sale of 15,670,737 Class A ordinary shares at $1.64 per share, according to a company statement.

The shares were sold under Regulation S of the Securities Act of 1933

U Power raises $25.7 million in private placement

Mon, 27 Apr 2026 11:06:36 -0400

U Power Limited (NASDAQ: UCAR) completed a private placement of $25.7 million through the sale of 15,670,737 Class A ordinary shares at $1.64 per share, according to a company statement.

The shares were sold under Regulation S of the Securities Act of 1933

U Power raises $25.7 million in private placement

Mon, 27 Apr 2026 11:06:36 -0400

U Power Limited (NASDAQ: UCAR) completed a private placement of $25.7 million through the sale of 15,670,737 Class A ordinary shares at $1.64 per share, according to a company statement.

The shares were sold under Regulation S of the Securities Act of 1933

U Power raises $25.7 million in private placement

Mon, 27 Apr 2026 11:06:36 -0400

U Power Limited (NASDAQ: UCAR) completed a private placement of $25.7 million through the sale of 15,670,737 Class A ordinary shares at $1.64 per share, according to a company statement.

The shares were sold under Regulation S of the Securities Act of 1933

U Power raises $25.7 million in private placement

Mon, 27 Apr 2026 11:06:36 -0400

U Power Limited (NASDAQ: UCAR) completed a private placement of $25.7 million through the sale of 15,670,737 Class A ordinary shares at $1.64 per share, according to a company statement.

The shares were sold under Regulation S of the Securities Act of 1933

U Power raises $25.7 million in private placement

Mon, 27 Apr 2026 11:06:36 -0400

U Power Limited (NASDAQ: UCAR) completed a private placement of $25.7 million through the sale of 15,670,737 Class A ordinary shares at $1.64 per share, according to a company statement.

The shares were sold under Regulation S of the Securities Act of 1933

U Power raises $25.7 million in private placement

Mon, 27 Apr 2026 11:06:36 -0400

U Power Limited (NASDAQ: UCAR) completed a private placement of $25.7 million through the sale of 15,670,737 Class A ordinary shares at $1.64 per share, according to a company statement.

The shares were sold under Regulation S of the Securities Act of 1933

U Power Limited Announces Private Placement of $25.7 Million