U Power Ltd (UCAR)

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Why is U Power Ltd (UCAR) Stock down?

We've noticed a 7.77% decline in U Power Ltd (UCAR) stock during the 2024-05-09 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

04 Dec, 2023:

U Power Ltd Stock (UCAR) dropped by 55.59% from $1.54 to $0.6839 in the trading on Monday December 04, 2023. The reason why UCAR stock down today is due to the announcement of registered follow-on offering. U Power has announced the pricing of its best-efforts follow-on offering of up to 10,000,000 units at a purchase price of $1.20 per unit. Each unit consists of one ordinary share of the company, one Series A warrant to purchase one ordinary share of the company, and one Series B warrant to purchase one ordinary share of the company. The company expects to close the offering on or about December 6.