Core Viewpoint - U Power Limited has entered into a securities purchase agreement to sell 551,628 Class A ordinary shares and warrants to an institutional investor, aiming to raise approximately $1.4 million through this offering [1][2]. Group 1: Offering Details - The offering price for each Class A ordinary share and accompanying warrant is set at $2.50, with the warrants being immediately exercisable and expiring five years from issuance [1]. - The gross proceeds from the registered direct offering and concurrent private placement are estimated to be around $1.4 million before deducting fees and expenses [2]. - The offering is expected to close on or about July 25, 2025, pending customary closing conditions [2]. Group 2: Regulatory Information - The Class A ordinary shares are being offered under a shelf registration statement on Form F-3, which was declared effective by the SEC on November 8, 2024 [3]. - The warrants issued in the private placement have not been registered under the Securities Act or applicable state securities laws [3]. Group 3: Company Overview - U Power is a provider of AI-integrated energy solutions that connect electric vehicles (EVs) with advanced energy infrastructure, focusing on optimizing mobility and grid performance [5]. - The company has evolved from a distributor of battery-swapping stations to a provider of comprehensive AI-integrated solutions for energy grids and transportation systems [5]. - U Power is building intelligent ecosystems that integrate AI-driven solutions to transform EVs into dynamic energy assets, supporting autonomous driving and optimizing energy replenishment efficiency [6].