U Power Ltd. Signs Subscription Agreement

Ticker: UCAR · Form: 6-K · Filed: May 30, 2024 · CIK: 1939780

U Power Ltd 6-K Filing Summary
FieldDetail
CompanyU Power Ltd (UCAR)
Form Type6-K
Filed DateMay 30, 2024
Risk Levelmedium
Pages1
Reading Time2 min
Key Dollar Amounts$0.00001, $4.77, $2,000,008.53
Sentimentneutral

Sentiment: neutral

Topics: capital-raise, definitive-agreement, share-issuance

TL;DR

U Power Ltd. is selling shares to Big Benefit Ltd. via a subscription agreement signed May 23, 2024. Details on amount pending.

AI Summary

On May 23, 2024, U Power Limited entered into a subscription agreement with Big Benefit Ltd. Under this agreement, Big Benefit Ltd. will purchase newly issued shares from U Power Limited. The filing does not specify the number of shares or the dollar amount involved in this transaction.

Why It Matters

This agreement indicates a capital raise for U Power Limited, which could impact its financial standing and future operations. The details of the investment are crucial for understanding its significance.

Risk Assessment

Risk Level: medium — The filing details a material definitive agreement for a share subscription, but lacks specific financial figures, creating uncertainty about the deal's impact.

Key Players & Entities

  • U Power Limited (company) — The company entering into the agreement.
  • Big Benefit Ltd. (company) — The purchaser in the subscription agreement.
  • May 23, 2024 (date) — Date the subscription agreement was entered into.

FAQ

What is the total value of the subscription agreement between U Power Limited and Big Benefit Ltd.?

The filing does not specify the dollar amount of the subscription agreement.

How many shares will Big Benefit Ltd. purchase from U Power Limited?

The filing does not specify the number of shares to be purchased.

What is the jurisdiction of U Power Limited?

U Power Limited is an exempted company with limited liability formed in the Cayman Islands.

What is the jurisdiction of Big Benefit Ltd.?

Big Benefit Ltd. is a limited liability company formed under the laws of Hong Kong.

What is the purpose of this Form 6-K filing?

This Form 6-K filing is a Report of Foreign Private Issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, specifically reporting the entry into a material definitive agreement.

Filing Stats: 394 words · 2 min read · ~1 pages · Grade level 13.7 · Accepted 2024-05-30 16:05:34

Key Financial Figures

  • $0.00001 — res”) of the Company, par value US$0.00001 per share, at a purchase price of $4.77
  • $4.77 — 00001 per share, at a purchase price of $4.77 per ordinary share, for an aggregate pu
  • $2,000,008.53 — are, for an aggregate purchase price of $2,000,008.53. After the closing of the transaction,

Filing Documents

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. U Power Limited Date: May 30, 2024 By: /s/ Jia Li Name: Jia Li Title: Chief Executive Officer 2 EXHIBIT INDEX Exhibit No. Description 10.1 Subscription Agreement dated May 23, 2024 by and between the Company and the Purchaser 3

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