IPO - U Power Ltd

Form Type: F-1

Filing Date: 2025-02-21

Corporate Action: Ipo

Type: New

Accession Number: 000121390025016096

Filing Summary: U Power Limited filed a registration statement under the Securities Act of 1933 on February 21, 2025, to register and offer 1,562,502 Class A Ordinary Shares for resale by selling shareholders, which were issued in a concurrent private placement in January 2025. The shares carry a par value of US$0.00001 each. The company operates as a holding company based in the Cayman Islands, with its principal operations conducted through its subsidiaries in the People's Republic of China (PRC). The registration statement indicates that the proceeds from this offering will not go to U Power Limited but will benefit the selling shareholders. The Class A Ordinary Shares are listed on the Nasdaq under the symbol 'UCAR'. As of February 18, 2025, the shares had a trading value of $2.92 each. The document highlights the risks associated with investing in the shares, particularly regarding the regulatory environment in China and potential limitations on foreign investments. It also discusses various legal and financial disclosures, emphasizing that no dividends are anticipated in the near future as the company intends to reinvest earnings to support business expansion. The prospectus covers emerging growth company status and potential risks under the Holding Foreign Companies Accountable Act (HFCAA).

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Form Type: 424B5

Filing Date: 2025-01-27

Corporate Action: Ipo

Type: New

Accession Number: 000121390025006733

Filing Summary: U Power Limited is offering 648,000 Class A ordinary shares along with Pre-funded Warrants to purchase an additional 393,668 Class A ordinary shares. The offering is directed towards institutional investors under a Securities Purchase Agreement dated January 24, 2025. Class A shares are priced at $4.80 each, along with an exercise price of $4.80 per warrant. The offering structure includes a concurrent private placement where investors will receive unregistered warrants to purchase up to 1,562,502 shares. The document outlines the associated risks, particularly regarding Chinese regulatory practices, cybersecurity reviews, and any potential changes in operation or value due to governmental policies. The offering anticipates delivery of shares and warrants around January 27, 2025, highlighting the potential impact of regulatory frameworks on business operations and investor interests.

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