U Power Announces Pricing of $1.4 Million Registered Direct Offering

▤ Summary

U Power announced a registered direct offering and concurrent private placement expected to raise about $1.4 million before fees and expenses. The company will sell Class A ordinary shares and issue warrants to a single institutional investor. The deal is expected to close around July 25, 2025, subject to customary conditions. U Power positions itself as a provider of AI-integrated energy solutions and EV battery-swapping infrastructure. The announcement mainly describes the financing terms and the company’s evolving energy-grid software and mobility platform.

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