U Power Ltd (UCAR) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 28, 2026

Risk Assessment Details

Potential Dilution: 7875.45% of current shares
Recent Dilution: 176.49% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
460K
Potential Supply
36M
Additional shares possible
Splits
None
Past 2 years

Summary

UCAR currently has 460K outstanding shares. with significant dilution risk as 36.3M authorized shares could dilute existing holders by 7875.4%. The company has significantly diluted shareholders by 176.49% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 28, 2026

F-3 filing: This filing discusses strategic joint venture developments and provides historical details regarding registered direct offerings of common shares and warrants conducted in January and July 2025.

460K 36M
May 15, 2026

20-F filing | 0.5M shares outstanding

460K 34M
Mar 10, 2026

F-1 filing: U Power Limited is offering 4,580,152 Units, each consisting of one Class A Ordinary Share and one Warrant to purchase one Class A Ordinary Share, at an assumed public offering price of $1.31 per Unit.

4.6M 34M
Aug 19, 2025

F-1 filing: The filing relates to the resale of up to 551,628 Class A Ordinary Shares issuable upon the exercise of Common Warrants by the Selling Shareholder.

4M 33M
May 15, 2025

20-F filing | 4.0M shares outstanding

4M 32M
Feb 21, 2025

F-1 filing: The filing is for the resale of Class A Ordinary Shares issuable upon the exercise of Common Warrants by selling shareholders.

2M 32M
Oct 30, 2024

F-3 filing: U Power Limited is filing an F-3 to offer and sell up to $50,000,000 of its Class A ordinary shares, debt securities, warrants, rights, and units, or any combination thereof.

2M 31M
Oct 08, 2024

F-3 filing: This is an F-3 filing for U Power Limited, a Cayman Islands holding company with operations in China, relating to the offering of Class A Ordinary Shares, and also includes information on recent share capital variations and subscription agreements with Fortune Light Assets Ltd. and Big Benefit Ltd.

1.2M 31M
May 15, 2024

20-F filing | 1.2M shares outstanding

1.2M 30M
Nov 20, 2023

F-1 filing: U Power Limited is offering up to 10,000,000 units, each unit consisting of one ordinary share, one series A warrant, and one series B warrant, at an assumed public offering price of $2.42 per unit.

53M 30M
Aug 22, 2023

20-F filing | 50.0M shares outstanding

50M 0
Dec 22, 2022

F-1 filing: This is an F-1 filing for an offering of ordinary shares. The document discusses legal matters, experts, and where to find additional information regarding the offering.

N/A 0
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