IPO Journey
U Power Ltd
IPO Date: March 20, 2026 · 4 filings tracked
Final Offer Terms
Ticker
UCAR
Exchange
Nasdaq Capital Market
Offer Price
$0.45
Shares Offered
13,360,000
Estimated Proceeds
$6.0M
Expected Listing
March 20, 2026
Underwriters
Led by Maxim Group LLC
Filing Timeline
1
F-1
August 19, 2025
- Pioneering 'UOTTA' battery-swapping technology for commercial EV fleets
- Addresses critical 'range anxiety' by enabling rapid battery replacement
2
F-1
March 10, 2026
- Pivot to high-growth EV battery-swapping technology via the 'UOTTA' platform.
- Focus on the commercial EV market, a high-demand sector for energy infrastructure.
Changes from previous filing
- ▸ Final offer price: $1.31 per share
- ▸ Shares offered: 4,580,152
- ▸ Estimated proceeds: $5M
3
F-1/A
March 16, 2026
- Innovative battery-swapping technology ('UOTTA') targeting EV range anxiety
- Strategic partnerships with Chinese truck manufacturers for electric fleet integration
Changes from previous filing
- ▸ Final offer price: $0.66 per share
- ▸ Shares offered: 9,090,909
424B4
Final Pricing
March 20, 2026
- Pioneering robotic battery-swapping technology for electric vehicles
- Transitioning from traditional vehicle sales to an AI-driven energy management model
Changes from previous filing
- ▸ Final offer price: $0.449 per share
- ▸ Shares offered: 13,360,000
- ▸ Estimated proceeds: $5M
- ▸ Underwriters: Maxim Group LLC
Disclaimer: AI-generated analysis for informational purposes only. Not financial advice. Always conduct your own research.