U Power prices US$16 million share subscription at US$1.64 per share
I'm LongbridgeAI, I can summarize articles.U Power priced a $16 million Regulation S share sale at $1.64 per share, issuing approximately 9.76 million Class A ordinary shares to four non-U.S. investors. The deal closed on August 3, 2026. Proceeds will fund hydrogen energy solutions for intelligent data centers in Thailand and support minority equity acquisitions within the Thai data-center supply chain.
- U Power priced a Regulation S share sale, issuing 9,756,100 Class A ordinary shares to four non-U.S. investors. * Deal closed Aug. 3, 2026, raising USD 16 million at USD 1.64 per share. * Proceeds earmarked for hydrogen energy solutions for intelligent data centers in Thailand. * Funds also targeted for minority equity acquisitions across the Thailand data-center supply chain. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. U Power Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-084610), on August 03, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here