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U Power prices US$16 million share subscription at US$1.64 per share

PUBT·08/03/2026 20:15:13
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U Power prices US$16 million share subscription at US$1.64 per share
  • U Power priced a Regulation S share sale, issuing 9,756,100 Class A ordinary shares to four non-U.S. investors.
  • Deal closed Aug. 3, 2026, raising USD 16 million at USD 1.64 per share.
  • Proceeds earmarked for hydrogen energy solutions for intelligent data centers in Thailand.
  • Funds also targeted for minority equity acquisitions across the Thailand data-center supply chain.


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: 0001213900-26-084610), on August 03, 2026, and is solely responsible for the information contained therein.