U Power plans 20:1 share consolidation for Sept 2026

U Power Ltd will effect a 20:1 share consolidation, trading post-consolidation on Nasdaq from September 9, 2026 with rounded-up fractional positions.

Rhea-AI Filing Summary

U Power Ltd (UCAR) is implementing a 20:1 consolidation of all authorized, issued and unissued ordinary shares. Following this share consolidation, the authorized share capital will be US$50,000, divided into Class A and Class B ordinary shares with a par value of US$0.002 each. Beginning September 9, 2026, Class A ordinary shares will trade on a post-consolidation basis on the Nasdaq Capital Market under the same symbol UCAR, with a new CUSIP. No fractional shares will be issued; instead, holdings will be rounded up to the nearest whole share without any cash payment for fractions.

Filing Explained

After the planned 20-for-1 consolidation, U Power says its authorized capital will comprise 19,997,059.06 Class A and 5,002,940.94 Class B shares, each with US$0.002 par value.

Key Figures

Share consolidation ratio: 20:1 Authorized share capital: US$50,000 Authorized Class A ordinary shares: 19,997,059.06 shares +3 more

6 metrics

Share consolidation ratio 20:1 Consolidation of all authorized, issued and unissued ordinary shares

Authorized share capital US$50,000 Authorized share capital after the Share Consolidation

Authorized Class A ordinary shares 19,997,059.06 shares Authorized Class A ordinary shares after the Share Consolidation

Authorized Class B ordinary shares 5,002,940.94 shares Authorized Class B ordinary shares after the Share Consolidation

Par value per share US$0.002 Par value of each Class A and Class B ordinary share after the consolidation

Post-consolidation trading start date September 9, 2026 Date Class A ordinary shares begin trading on a post-Share Consolidation basis on Nasdaq

Key Terms

Share Consolidation, Class A ordinary shares, Class B ordinary shares, par value, +1 more

5 terms

Share Consolidation financial

"it plans to effect a consolidation of all of the Company’s authorized issued and unissued ordinary shares on a 20:1 basis (the “Share Consolidation”)"

Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.

Class A ordinary shares financial

"the Company’s authorized share capital will be US$50,000 divided into 19,997,059.06 Class A ordinary shares"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

Class B ordinary shares financial

"and 5,002,940.94 Class B ordinary shares of a par value of US$0.002 each"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

par value financial

"ordinary shares of a par value of US$0.002 each"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

Nasdaq Capital Market market

"Class A ordinary shares will trade on a post-Share Consolidation basis on the Nasdaq Capital Market"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

FAQ

What did U Power Ltd (UCAR) announce in this Form 6-K?

U Power Ltd announced a 20:1 Share Consolidation of all its authorized, issued and unissued ordinary shares, with Class A shares trading on a post-consolidation basis on the Nasdaq Capital Market starting September 9, 2026.

What is the share consolidation ratio for U Power Ltd (UCAR)?

The share consolidation ratio is 20:1. This means every 20 existing ordinary shares are consolidated into one share as part of the Share Consolidation approved by the board on November 4, 2025 and by shareholders on December 5, 2025.

When will UCAR shares begin trading on a post-consolidation basis?

U Power Ltd’s Class A ordinary shares will begin trading on a post-Share Consolidation basis on the Nasdaq Capital Market at the opening of trading on September 9, 2026, under the symbol UCAR and a new CUSIP number G9520U132.

How will U Power Ltd (UCAR) handle fractional shares in the consolidation?

No fractional shares will be issued. Record holders otherwise entitled to fractions will be rounded up to the next whole share. For beneficial holders through brokers, the company intends to round up fractional shares at the participant level, and no cash will be paid for fractions.

What will U Power Ltd’s authorized share capital be after the consolidation?

After the Share Consolidation, U Power Ltd’s authorized share capital will be US$50,000, divided into 19,997,059.06 Class A ordinary shares and 5,002,940.94 Class B ordinary shares, each with a par value of US$0.002.

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Available on EDGAR 09/03/2026 - 04:51 PM Accepted by SEC EDGAR 09/03/2026 - 04:30 PM Learn about SEC filing dates

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549

FORM 6-K

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

SECURITIES EXCHANGE ACT OF 1934

For the month of September 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 ☐

U Power Limited Announces Share Consolidation

U Power Limited, a Cayman Islands exempted company with limited liability (the “Company”), today announced that it plans to effect a consolidation of all of the Company’s authorized issued and unissued ordinary shares on a 20:1 basis (the “Share Consolidation”), which was approved by the Company’s board of directors on November 4, 2025, and approved by the Company’s shareholders on December 5, 2025. As a result of the Share Consolidation, the Company’s authorized share capital will be US$50,000 divided into 19,997,059.06 Class A ordinary shares of a par value of US$0.002 each, and 5,002,940.94 Class B ordinary shares of a par value of US$0.002 each.

Beginning with the opening of trading on September 9, 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 G9520U132. 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: September 3, 2026	By:	/s/ Jia Li
	Name:	Jia Li
	Title:	Chairman of the Board of Directors

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