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U Power prices unregistered share sale at USD 25.7 million in private placement

PUBT·04/27/2026 15:06:39
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U Power prices unregistered share sale at USD 25.7 million in private placement
  • U Power entered subscription agreements for an unregistered private placement of 15,670,737 Class A ordinary shares at USD 1.64 each.
  • Gross proceeds expected at USD 25.7 million.
  • Founder and CEO Johnny Lee subscribed for USD 3 million.
  • Fortune Light Assets subscribed for USD 2 million.
  • Guofu Hydrogen Energy (Hong Kong) Development subscribed for USD 3.6 million.


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: 202604271106PR_NEWS_USPR_____CN44251) on April 27, 2026, and is solely responsible for the information contained therein.