U POWER LIMITED (UCAR) : 0.0712-0.0127 (-15.1371%)
Shorters play it smart
Feb 02, 2024 0.0900 0.0900 0.0820 0.0840 0.0840 17,937,800
Feb 01, 2024 0.0900 0.0950 0.0880 0.0910 0.0910 11,234,300
Jan 31, 2024 0.0960 0.0970 0.0870 0.0930 0.0930 19,426,000
Jan 30, 2024 0.1070 0.1100 0.0960 0.0980 0.0980 25,417,700
Jan 29, 2024 0.1080 0.1130 0.1050 0.1100 0.1100 13,007,400
Jan 26, 2024 0.1100 0.1160 0.1040 0.1090 0.1090 17,044,500
Jan 25, 2024 0.1200 0.1280 0.1050 0.1070 0.1070 30,236,600
Jan 24, 2024 0.1170 0.1180 0.1100 0.1140 0.1140 10,643,400
Jan 23, 2024 0.1240 0.1240 0.1130 0.1200 0.1200 14,519,900
Jan 22, 2024 0.1260 0.1350 0.1170 0.1270 0.1270 17,502,900
Jan 19, 2024 0.1100 0.1230 0.1060 0.1230 0.1230 16,257,000
Jan 18, 2024 0.1200 0.1200 0.1080 0.1120 0.1120 19,581,000
Jan 17, 2024 0.1230 0.1240 0.1160 0.1180 0.1180 24,858,700
Jan 16, 2024 0.1300 0.1680 0.1240 0.1260 0.1260 100,953,300
New York, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a best-efforts follow-on offering (the “Offering”) of 10,000,000 units at a purchase price of US$1.20 per unit for its client U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive EV battery power solution provider in China. Each unit consisted of one ordinary share of the Company, one Series A warrant to purchase one ordinary share of the Company, and one Series B warrant to purchase one ordinary share of the Company. The Series A warrants were immediately exercisable and will expire on the fifth anniversary of the original issuance date at an exercise price of US$1.20, and the Series B warrants were immediately exercisable and will expire on the fifth anniversary of the original issuance date at an exercise price of US$1.54.
The Company received aggregate gross proceeds of US$12,000,000 from the Offering, excluding expenses associated with the Offering. Proceeds from the Offering will be used for the merger and acquisition of battery swapping companies, working capital, and other general corporate purposes.
Univest Securities, LLC ("Univest") acted as the placement agent for the Offering. Hunter Taubman Fischer & Li LLC acted as U.S. securities counsel to the Company, and Ortoli Rosenstadt LLP acted as U.S. counsel to Univest in connection with the Offering.
