Financing ·
U Power Limited issued and sold 9,756,100 Class A ordinary shares to four non-U.S. purchasers at $1.64 per share…
UCARU Power Ltd
U Power Limited issued and sold 9,756,100 Class A ordinary shares to four non-U.S. purchasers at $1.64 per share, raising $16 million in aggregate proceeds on August 3, 2026. The company intends to use the net proceeds primarily to support the development of hydrogen energy solutions for intelligent data centers in Thailand and to pursue strategic acquisitions within the upstream and downstream value chain for these facilities. U Power Limited operates in the clean technology sector, focusing on hydrogen energy solutions and intelligent data center infrastructure.