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U Power prices US$16 million private placement at US$1.64 per share

PUBT·08/04/2026 11:05:47
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U Power prices US$16 million private placement at US$1.64 per share
  • U Power priced a US$16 million private placement of 9,756,100 Class A ordinary shares at US$1.64 each, subscribed by four existing shareholders.
  • The unregistered offshore sale relied on Regulation S; the transaction closed Aug. 3, 2026.
  • Proceeds earmarked for hydrogen energy expansion in Thailand, core operations, overseas battery-swapping rollout.


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: 202608040700PR_NEWS_USPR_____CN17554) on August 04, 2026, and is solely responsible for the information contained therein.