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UCAR’s Financial Misstep Sends Shockwaves Through Market

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  • U Power is conducting an offering of 10 million units priced at US$1.20 each.
  • The offering is expected to close around December 6.

U Power Ltd UCAR, a Chinese company specializing in vehicle services, is conducting an offering of 10 million units priced at US$1.20 each.

The units consist of shares and warrants, aiming to raise $12 million. The funds will primarily be used to acquire battery swapping companies and for general corporate needs.

The offering is expected to close around December 6, pending customary closing conditions.

See Also:Β Bitcoin Surges Past $41K, But Analysts Predict Correction Post-Spot ETF Approval

According to data fromΒ Benzinga Pro, UCARΒ has a 52-week high of $75.00Β and a 52-week low of $0.65.


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