InvestmentMay 12, 2026, 09:02 AM
Ucommune Raises $1.5M via Preferred Shares; Expands into AI Compute
AI Summary
Ucommune International Ltd issued and sold 150 Series A Convertible Preferred Shares to an institutional investor, raising $1.5 million. A portion of these proceeds was utilized to acquire NVIDIA RTX PRO 6000 GPUs, which were subsequently leased to a subsidiary of QumulusAI, Inc. for approximately $1.3 million over three years. This transaction signifies Ucommune's strategic expansion into the compute infrastructure space, with remaining funds allocated for general corporate purposes.
Key Highlights
- Issued 150 Series A Convertible Preferred Shares at $10,000.00 per share.
- Raised a total of $1.5 million from the preferred shares issuance.
- Used a portion of proceeds to purchase NVIDIA RTX PRO 6000 GPUs.
- Entered an approximately $1.3 million, three-year lease agreement for GPU assets with a QumulusAI subsidiary.
- Marks the company's first transaction in its new compute infrastructure business line.
- Agreed to a lock-up period on equity issuance for at least two years.