EL7.AI
StocksUpdated×2•Originally published 27 April 2026•Updated 28 April 2026•
1 min read

Chinese Tech Firms Bolster Liquidity Through New Equity Offerings

Key Facts

1U Power entered into subscription agreements to sell 15,670,737 Class A Ordinary Shares at $1.64 per share.
2Purchasers include CEO Johnny Lee, the family office of Chatchaval Jiaravanon, and Guofu Hydrogen Energy (Hong Kong) Development Co., Limited.

U-BX Technology Ltd. (UBXG) has successfully closed its $4.55 million registered direct offering as of April 28, 2026, marking a key step in its capital strategy. The transaction involved the sale of 15,166,668 units at $0.30 per unit, with each unit consisting of one Class A ordinary share and a fractional warrant. This development follows a $25.7 million private placement by U Power Limited (UCAR) at $1.64 per share, supported by CEO Johnny Lee and strategic partners. These capital-raising initiatives are designed to strengthen financial positions and fund long-term growth initiatives within the tech sector. While such offerings result in shareholder dilution, they highlight the companies' continued access to strategic financing. Market participants are now focusing on how this influx of capital will be deployed to drive operational expansion.