U Power Ltd. Signs Subscription Agreement
Ticker: UCAR · Form: 6-K · Filed: Jul 1, 2024 · CIK: 1939780
| Field | Detail |
|---|---|
| Company | U Power Ltd (UCAR) |
| Form Type | 6-K |
| Filed Date | Jul 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001, $4.77, $1,000,001.88, $6.09, $1,000,002 |
| Sentiment | neutral |
Sentiment: neutral
Topics: capital-raise, definitive-agreement
TL;DR
U Power Ltd. inked a deal with Fortune Light Assets Ltd. for share purchases.
AI Summary
On June 24, 2024, U Power Limited entered into a subscription agreement with Fortune Light Assets Ltd. Fortune Light Assets Ltd. agreed to purchase newly issued shares from U Power Limited. The filing does not specify the number of shares or the dollar amount involved in this agreement.
Why It Matters
This agreement indicates a potential capital infusion for U Power Ltd., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — The lack of specific financial details in the agreement introduces uncertainty about its impact.
Key Players & Entities
- U Power Limited (company) — The company entering into the agreement.
- Fortune Light Assets Ltd. (company) — The purchaser in the subscription agreement.
- June 24, 2024 (date) — Date the subscription agreement was entered into.
FAQ
What is the total value of the subscription agreement?
The filing does not disclose the total dollar amount of the subscription agreement.
How many shares is Fortune Light Assets Ltd. subscribing to?
The filing does not specify the number of shares to be purchased by Fortune Light Assets Ltd.
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 primary business of U Power Limited?
U Power Limited is classified under the MOTOR VEHICLE PARTS & ACCESSORIES industry.
When was the subscription agreement signed?
The subscription agreement was entered into on June 24, 2024.
Filing Stats: 461 words · 2 min read · ~2 pages · Grade level 13.9 · Accepted 2024-06-28 20:02:45
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 share, for an aggregate purchase pr
- $1,000,001.88 — are, for an aggregate purchase price of $1,000,001.88. After the closing of the transaction
- $6.09 — of the Company at a per share price of $6.09 for a total purchase price of up to $1,
- $1,000,002 — .09 for a total purchase price of up to $1,000,002.36, pursuant to an agreement which shal
Filing Documents
- ea0208748-6k_upower.htm (6-K) — 16KB
- ea020874801ex10-1_upower.htm (EX-10.1) — 19KB
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- 0001213900-24-057377.txt ( ) — 46101KB
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: June 28, 2024 By: /s/ Jia Li Name: Jia Li Title: Chief Executive Officer 2 EXHIBIT INDEX Exhibit No. Description 10.1 Subscription Agreement dated June 24, 2024 by and between the Company and the Purchaser 3