U Power Limited filings document the regulatory disclosures of a Cayman Islands foreign private issuer with Nasdaq-listed Class A ordinary shares. Form 6-K reports cover shareholder meetings, proxy materials, amendments to memorandum and articles of association, share consolidations, Class A and Class B ordinary share voting rights, and other governance matters.
The filing record also includes material agreements and capital-structure events, including subscription agreements, public offering and warrant terms, warrant exchange and cancellation agreements, and changes in the independent auditor. These disclosures describe U Power’s financing instruments, ordinary share classes, board-approved transactions, and foreign private issuer reporting status.
U Power Ltd filed an amended Schedule 13G/A reporting that the listed Arena-related reporting persons hold 0 shares of Common Stock (CUSIP G9520U124). The filing lists each reporting entity, their Delaware organization, a New York principal business office, and repeats that aggregate beneficial ownership is 0 shares (0%).
The filing is signed by Tsering Lama as Chief Compliance Officer on 05/15/2026. No voting or dispositive powers are reported for the listed entities in the excerpt.
U Power Ltd reports that Arena Investors and related Arena funds beneficially own 1,197,595 shares of Common Stock, representing 5.4% of the class. The filing states this ownership arose after a recalculation tied to exercisable warrants disclosed in U Power Ltd's prospectus.
The Schedule 13G lists Arena Investors, GP entities and two Arena special opportunities vehicles holding 799,241 and 398,354 shares respectively. The reporting persons say the prior calculation used an incorrect shares-outstanding figure and that correcting it caused Arena to exceed the 5% reporting threshold.
U Power Limited, a Cayman Islands holding company listed on Nasdaq, filed its annual Form 20-F describing operations conducted entirely through subsidiaries in mainland China and Hong Kong. The company highlights that investors hold shares in the Cayman entity, not direct interests in its PRC operating subsidiaries, and that Chinese authorities could intervene in or restrict those subsidiaries, potentially damaging the value of its Class A Ordinary Shares.
As of December 31, 2025, U Power had 460,344 Class A and 36,805 Class B Ordinary Shares outstanding, reflecting an April 1, 2026 1-for-10 reverse share split. The filing explains significant regulatory risks from evolving PRC rules on overseas listings, cybersecurity, data security and anti-monopoly enforcement, as well as potential audits and trading prohibitions under the HFCAA if the PCAOB cannot inspect its auditor. It discloses transfers of approximately $5.89 million in 2025 and $4.88 million in 2024 to Hong Kong subsidiary Energy U Limited, notes that no dividends have been paid and that future earnings are expected to be retained, and details foreign exchange, tax, and capital control constraints that could limit moving cash out of China and Hong Kong.
Bank of America Corporation filed a Schedule 13G reporting 1,328,553 Class A Ordinary Shares of U Power Ltd, representing 6.3% of the class. The filing states the ownership is held with shared voting and dispositive power and was signed by an authorized signatory on 05/14/2026.
The filing notes the CUSIP G9520U124, a reverse stock split effective 04/01/2026, and that the beneficial ownership calculation relies on 20,963,440 shares outstanding as reported in the issuer's prospectus dated 03/20/2026 with share totals as of 06/30/2025.
U Power Limited filed a report as a foreign private issuer to inform investors that its previously scheduled Extraordinary General Meeting of Shareholders on 19 May 2026 in Shanghai has been cancelled. The board resolved the cancellation under Article 72 of the company’s memorandum and articles of association.
The meeting will not proceed on the planned date, and any proxies submitted for that meeting are now void. Shareholders with questions about the cancellation are invited to contact the company directly.
U Power Limited has called an extraordinary general meeting of shareholders for May 19, 2026 to vote on three major proposals. Shareholders are asked to approve an increase in authorized share capital from US$50,000, divided into about 399.9 million Class A and 100.1 million Class B ordinary shares, to US$315,000, divided into 3,000,000,000 Class A and 150,000,000 Class B ordinary shares. They are also asked to adopt a Fourth Amended and Restated Memorandum and Articles of Association reflecting the larger capital base.
A third proposal would authorize a share consolidation (reverse split) at a ratio between 20:1 and 100:1, to be implemented within one year at the board’s discretion, mainly to help the company comply with Nasdaq’s $1.00 minimum bid price rule. Holders of Class A ordinary shares have one vote per share, while Class B holders have 100 votes per share, with a record date of April 15, 2026 for voting eligibility.
U Power Limited entered subscription agreements with ten non-U.S. purchasers to privately place 15,670,737 Class A ordinary shares at $1.64 per share, raising $25.7 million in gross proceeds under Regulation S. Founder and CEO Jia Li (Johnny Lee) is investing about $3.0 million, alongside Fortune Light Assets Ltd at $2.0 million and Guofu Hydrogen Energy (Hong Kong) Development Co., Limited at $3.6 million. The board approved the transaction, and the audit committee reviewed and approved the related-party participation by Mr. Li. U Power plans to use the proceeds mainly to expand hydrogen energy solutions for Intelligent Data Centers in Thailand via a strategic joint venture and to fund overseas growth of its battery-swapping projects in Thailand, Southern Europe and Hong Kong SAR.
U Power Limited entered into subscription agreements with seven non-U.S. purchasers to sell new equity. The purchasers agreed to buy an aggregate of 2,900,000 Class A ordinary shares at $1.10 per share, for a total purchase price of $3,190,000, under Regulation S.
The board of directors approved these agreements. Closing of the transactions is scheduled for April 7, 2026, or another date agreed in writing between the company and the purchasers.
U Power Limited is updating the timing of its previously announced 10-for-1 consolidation of all authorized, issued and unissued ordinary shares. The share consolidation will now take effect at the start of trading on April 1, 2026, instead of March 30, 2026.
From the opening of trading on April 1, 2026, U Power’s Class A ordinary shares will trade on a post-consolidation basis on the Nasdaq Capital Market under the same ticker “UCAR”, but with a new CUSIP number G9520U124. No fractional shares will be issued; any fractional entitlements will be rounded up so that holders receive a whole share, and no cash will be paid in lieu of fractional shares.
U Power Limited is implementing a 10-for-1 consolidation of all authorized, issued and unissued ordinary shares. After the change, authorized share capital will be 500,000,000 ordinary shares with a par value of US$0.0001, including 399,941,181.2 Class A shares and 100,058,818.8 Class B shares.
From the opening of trading on March 30, 2026, Class A ordinary shares will trade on the Nasdaq Capital Market on a post-consolidation basis under the same symbol “UCAR” but with a new CUSIP G9520U124. Fractional positions will be rounded up to the next whole share, and no cash will be paid for fractional shares.