U Power Ltd (UCAR) AI Dilution Summary

Cash was $3,172,000 at 2025-12-31, against estimated monthly burn of $828,417. The most recent capital raised was an unregistered private placement that closed 2026-08-03: 487,805 shares at $32.80 per share, for $16,000,000 gross, after the balance-sheet date. On 2026-03-20 the company repaid $2,539,653 on its 2025 Senior Secured Promissory Notes.