InvestmentApr 28, 2026, 09:36 AM
UCAR Enters $3.6M Subscription Agreement for Class A Shares
AI Summary
U Power Ltd (UCAR) entered into a Subscription Agreement with Guofu Hydrogen Energy (Hong Kong) Development Co., Limited on April 27, 2026. The agreement involves the sale of Class A Ordinary Shares for a total purchase price of $3,600,000 at $1.64 per share. These securities are offered to non-U.S. persons under Regulation S and are not registered under the Securities Act. The purchaser will receive demand registration rights for the acquired shares after a restricted period.
Key Highlights
- UCAR entered a Subscription Agreement with Guofu Hydrogen Energy (Hong Kong) Development Co., Limited.
- Total purchase price for Class A Ordinary Shares is $3,600,000.
- Purchase price per share is $1.64.
- Shares are Class A Ordinary Shares, par value $0.0001 per share.
- Securities are offered to non-U.S. persons under Regulation S.
- Purchaser receives demand registration rights for the acquired shares.
- Closing involves payment on April 27, 2026, and share delivery within 5 working days.
Price Impact
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