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[6-K] Ucommune International Ltd Current Report (Foreign Issuer)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Ucommune International Ltd has completed an internal exchange of preferred shares with an existing investor. On June 11, 2026, the company agreed to issue 1,330 Series B convertible preferred shares, each with a par value of $0.24, in exchange for 1,330 Series A convertible preferred shares held by the same holder. Immediately after the swap, the investor gave up all rights and claims related to the Series A preferred shares, which were then cancelled by the company.

To support the transaction, Ucommune adopted a new certificate of designations establishing the Series B Preferred Shares. The rights and preferences of the Series B Preferred Shares are stated to be substantially the same as those of the Series A convertible preferred shares. The exchange agreement includes customary representations, warranties and indemnification provisions between the company and the holder, and the filing emphasizes that it is informational and not an offer to sell securities.

Positive

  • None.

Negative

  • None.
Preferred shares exchanged 1,330 shares Series A converted into Series B on June 11, 2026
Par value per Series B share $0.24 per share Series B convertible preferred shares
Series A shares cancelled 1,330 shares Series A convertible preferred cancelled after exchange
Series B Preferred Shares financial
"creating the Series B Preferred Shares and providing for the designations, preferences and relative, participating, optional or other rights"
Series B preferred shares are a class of company stock issued during a later round of private financing that gives investors priority over common shareholders for payouts and protections if the company is sold or liquidated. Think of them as a VIP ticket that often includes a fixed claim on returns, possible regular payments, and the option to convert into regular shares; that mix of safety and upside helps investors assess risk and potential reward.
certificate of designations regulatory
"the Company adopted a certificate of designations of Series B Preferred Shares"
A certificate of designations is a formal legal document that spells out the specific rights and rules attached to a particular class of stock, most often preferred shares. It tells investors who gets paid first, what dividends or conversion rights exist, and any voting or liquidation priorities—like an instruction sheet that decides which shareholders get preference if a company pays out or is sold. Those terms directly affect a security’s value and risk.
convertible preferred shares financial
"1,330 series B convertible preferred shares, $0.24 par value per share"
Convertible preferred shares are a type of stock that pays priority dividends and has a higher claim on assets than common shares, but can be exchanged later for a set number of common shares. For investors, they offer a safety-and-upside mix: steady income and protection like a senior ticket, plus the option to convert into common stock if the company grows — a decision that affects potential returns and how much existing owners’ stakes may be diluted.
indemnification obligations regulatory
"indemnification obligations of the Company against certain liabilities, including for liabilities under the Securities Act of 1933"
A company's indemnification obligations are promises it has made to cover certain losses, legal costs, or damages that another party might suffer because of the company’s actions or events tied to a deal. Think of it like a guarantee or built-in insurance: if something goes wrong, the company must step in and pay. For investors this matters because these potential payouts create contingent liabilities that can reduce cash, raise legal exposure, and affect a company’s value and risk profile.
forward-looking statements regulatory
"This current report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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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 June 2026

 

Commission file number: 001-39738

 

Ucommune International Ltd

 

No. 12 Taiyanggong Middle Road, Guancheng Building, 10th Floor

Chaoyang District, Beijing 100028

People’s Republic of China

(Address of principal executive offices)

  

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

 

Form 20-F ☒         Form 40-F ☐

 

 

 

 

 

 

INFORMATION CONTAINED IN THIS REPORT ON FORM 6-K

 

Ucommune International Ltd Closes Securities Exchange

 

On June 11, 2026, Ucommune International Ltd (“we,” “Ucommune” or the “Company”) (NASDAQ: UK), a co-working spaces and related service provider in China, entered into certain exchange agreement (the “Exchange Agreement”) with an investor named therein (the “Holder”), pursuant to which the Company has agreed to issue to the Holder 1,330 series B convertible preferred shares, $0.24 par value per share (the “Series B Preferred Shares”) in exchange of the 1,330 series A convertible preferred shares of the Company held by such Holder (the “Securities Exchange”). Immediately following such exchange, the Holder relinquished all rights, title and interest in the series A preferred shares (including any claims the Holder may have against the Company related thereto) and assigned the same to the Company and the Series A Preferred Shares were cancelled.

 

In connection with the execution of the Securities Exchange, the Company adopted a certificate of designations of Series B Preferred Shares (the “Certificate of Designations”), creating the Series B Preferred Shares and providing for the designations, preferences and relative, participating, optional or other rights, and the qualifications, limitations or restrictions thereof, of the Series B Preferred Shares, which has become effective upon such adoption. The terms of the Certificate of Designations for the Series B Preferred Shares are substantially the same as the certificate of designations for the series A convertible preferred shares.

 

The Exchange Agreement contains customary representations, warranties and agreements by the Company and the Holder, and indemnification obligations of the Company against certain liabilities, including for liabilities under the Securities Act of 1933, as amended. The provisions of the Exchange Agreement, including the representations and warranties contained therein, are not for the benefit of any party other than the parties to such agreement and are not intended as a document for investors and the public to obtain factual information about the current state of affairs of the Company. Rather, investors and the public should look to other disclosures contained in the Company’s filings with the SEC.

 

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Designations and the Exchange Agreement attached hereto as Exhibits 4.1 and 10.1, respectively, each of which are incorporated herein by reference. 

 

This Form 6-K is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any securities, which is made only by means of a prospectus supplement and related prospectus. There will be no sale of these securities in any jurisdiction in which such an offer, solicitation of an offer to buy or sale would be unlawful.

 

Forward-looking Statements

 

This current report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; its future business development, results of operations and financial condition; its ability to understand members’ needs and provide products and services to attract and retain members; its ability to maintain and enhance the recognition and reputation of its brand; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with members and business partners; trends and competition in China’s office space market; changes in its revenues and certain cost or expense items; the expected growth of China’s office space market; PRC governmental policies and regulations relating to the Company’s business and industry, and general economic and business conditions in China and globally and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the SEC. All information provided in this current report and in the attachments is as of the date of this current report, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

 

1

 

 

INDEX TO EXHIBITS

 

Exhibit

Number

  Exhibit Title
4.1   Form of Certificate of Designations
10.1   Form of Exchange Agreement

 

2

 

 

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.

 

  Ucommune International Ltd
   
  /s/ Zirui Wang
  Name:  Zirui Wang
  Title: Chief Executive Officer and Chief Risk Officer

 

Date: June 12, 2026

 

3

 

 

FAQ

What did Ucommune International Ltd (UK) announce in this Form 6-K?

Ucommune announced an internal exchange of preferred stock with an investor, swapping 1,330 Series A convertible preferred shares for 1,330 Series B convertible preferred shares, and cancelling the exchanged Series A shares afterward.

How many Ucommune (UK) preferred shares were exchanged in the June 2026 transaction?

The company exchanged 1,330 Series A convertible preferred shares for 1,330 Series B convertible preferred shares. The holder surrendered all rights in the Series A shares, and those Series A shares were cancelled by the company following the exchange.

What are the key terms of Ucommune’s new Series B Preferred Shares?

Ucommune’s Series B Preferred Shares have a par value of $0.24 per share. Their terms under the new certificate of designations are described as substantially the same as the prior Series A convertible preferred shares that were exchanged and cancelled.

Did Ucommune (UK) raise new capital through this preferred share exchange?

The disclosure describes a swap of 1,330 Series A preferred shares for 1,330 Series B preferred shares with the same holder. It is presented as an internal securities exchange rather than a new capital-raising transaction involving outside investors or cash proceeds.

Filing Exhibits & Attachments

2 documents