U Power (NASDAQ: UCAR) resets 10-for-1 share consolidation to April 1, 2026

Rhea-AI Filing Summary

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.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K/A

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number: 001-41679

U Power Limited

18/F, Building 3, Science and Technology Industrial Park
Yijiang District, Wuhu City, Anhui Province

People’s Republic of China
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒        Form 40-F ☐

Explanatory Note

On March 24, 2026, U Power Limited, a Cayman Islands exempted company with limited liability (the “Company”), announced on a Form 6-K plans to effectuate a consolidation of all of the Company’s authorized issued and unissued ordinary shares on a 10:1 basis (the “Share Consolidation”) that would take effect at the commencement of trading on March 30, 2026. The Company is postponing the effective date and the updated date for the Share Consolidation will instead be April 1, 2026.

Beginning with the opening of trading on April 1, 2026, the Company’s Class A ordinary shares will trade on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol “UCAR,” but under a new CUSIP number of G9520U124. No fractional shares will be issued in connection with the Share Consolidation. Instead, record holders who otherwise would be entitled to receive fractional shares because they hold a number of shares not evenly divisible by the Share Consolidation ratio will automatically be entitled to receive an additional fraction of one share to round up to the next whole share. For those beneficial holders who hold shares through a brokerage firm, the Company intends to round up fractional shares at the participant level. Cash will not be paid for fractional shares.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	U Power Limited
Date: March 25, 2026	By:	/s/ Jia Li
	Name:	Jia Li
	Title:	Chairman of the Board of Directors

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FAQ

What change did U Power Limited (UCAR) disclose in this Form 6-K/A?

U Power Limited postponed the effective date of its 10-for-1 share consolidation. The consolidation will now take effect at the start of trading on April 1, 2026, instead of March 30, 2026.

When will U Power’s 10-for-1 share consolidation become effective?

The 10-for-1 share consolidation will become effective at the commencement of trading on April 1, 2026. From that date, U Power’s Class A ordinary shares will trade on a post-consolidation basis on Nasdaq.

Will U Power’s ticker symbol change after the share consolidation?

The ticker symbol will remain “UCAR” after the 10-for-1 share consolidation. However, the Class A ordinary shares will begin trading under a new CUSIP number, G9520U124, starting April 1, 2026.

How will fractional shares be handled in U Power’s share consolidation?

No fractional shares will be issued in the consolidation. Record holders entitled to fractional shares will be rounded up to the next whole share, and cash will not be paid for fractional amounts.

How are U Power shareholders holding through brokers affected by rounding?

For beneficial holders whose U Power shares are held through brokerage firms, the company intends to round up fractional share amounts at the participant level. This approach applies the same no-cash, round-up treatment through intermediaries.

What is the new CUSIP for U Power Limited’s Class A shares after consolidation?

After the 10-for-1 consolidation becomes effective on April 1, 2026, U Power Limited’s Class A ordinary shares will trade under new CUSIP G9520U124. The Nasdaq Capital Market listing and UCAR ticker remain unchanged.