#China #Shanghai #AI Solutions #U Power Limited #Energy Grids

U Power Limited Successfully Completes $6 Million Public Offering

On March 20, 2026, U Power Limited (Nasdaq: UCAR), a pioneering force in the arena of AI-integrated solutions for energy grids and intelligent transport systems, proudly announced the successful closing of its underwritten public offering, encompassing 13,360,000 Units priced at $0.449 per Unit. This strategic move is poised to bolster the company's financial standing and provide greater resources toward advancing their innovative energy solutions.

The structure of the offering is notably compelling, with each Unit comprising one Class A ordinary share along with a warrant that grants the right to purchase additional shares at an initial exercise price of $0.449. This structure is designed to incentivize investors, facilitating immediate engagement with the company and its strategic future.

The warrants, which carry a one-year expiration term from the date of issuance, can be executed in full or in part. Interestingly, holders also have the option to utilize a zero exercise price option, allowing them to acquire twice the number of shares compared to a traditional cash exercise. This feature not only amplifies the investment appeal but showcases U Power's innovative approach to shareholder engagement.

Moreover, the underwriter for this offering, Maxim Group LLC, received an additional 45-day option to purchase 2,004,000 Class A Ordinary Shares or Warrants. This strategic decision reflects the underwriter's confidence in U Power's vision and the robust potential of the market in which it operates. On the same day as the offering closing, the underwriter acted promptly to partially exercise this option, securing 1,890,000 Warrants.

With gross proceeds amounting to $6 million, U Power Limited is now better positioned to further its mission of revolutionizing the energy landscape. The funds generated from this offering are expected to fuel advancements in AI-integrated energy solutions. U Power aims to enhance connectivity between electric vehicles and energy infrastructure, ultimately striving to refine mobility and energy grid efficiency.

The company, originally founded as a distributor of various battery-swapping technologies, has matured into a significant player focused on developing intelligent ecosystems powered by AI. U Power integrates these cutting-edge technologies into energy grids, designed to facilitate autonomous vehicle operation and maximize energy replenishment efficiency. Such innovations showcase how U Power stands at the forefront of transforming electric vehicles (EVs) into dynamic energy assets that contribute to the overall grid performance.

In addition to these recent developments, U Power maintains a commitment to transparency and investor engagement. A registration statement documenting the details of this offering was filed with the SEC and has been declared effective, allowing potential investors to access required documentation easily. Preliminary and final prospectuses for the Offering can also be accessed through the SEC’s website for those interested in detailed breakdowns of the public offering.

U Power’s strides toward an AI-integrated energy future are marked by this latest offering. The approach to manufacturing and distributing electric vehicle technologies illustrates a forward-thinking vision for a sustainable future, particularly when considering global trends toward alternative energy sources.

For additional information regarding U Power's innovative solutions and ongoing developments, stakeholders and interested parties are encouraged to visit their official website at U Power Limited.

This press release contains forward-looking statements that may be impacted by various known and unknown risks and uncertainties that could affect U Power's outcome. Therefore, investors are advised to approach these statements with a critical eye, remaining aware of the defined risks and challenges that may lie ahead.

In conclusion, U Power Limited's successful closure of its public offering marks a pivotal moment in its ongoing journey toward enhancing energy solutions and intelligent transportation systems. The next few months promise to be exciting as they embark on this new chapter, aiming to reshape the future of energy and transportation through innovative technologies.