Zinger Key Points
- 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.
- Wall Street veteran Chris Capre is going live April 9 at 6 PM ET to reveal a short-term strategy that just returned 195%—in the middle of a crashing market.
U Power Ltd UCAR, a company in China focused on vehicle services, is conducting an offering of 10 million units priced at US$1.20 each.
These units consist of shares and warrants, with the goal of raising $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: Bitcoin Surges Past $41K, But Analysts Predict Correction Post-Spot ETF Approval
According to data from Benzinga Pro, UCAR has a 52-week high of $75.00 and a 52-week low of $0.65.
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