Summary by Moomoo AI
U Power Limited, known in the market as U Power, has formally requested the U.S. Securities and Exchange Commission (SEC) to accelerate the effectiveness of its Registration Statement on Form F-3. The company submitted the request via a correspondence dated October 17, 2024, addressed to Ms. Sarah Sidwell of the SEC's Division of Corporation Finance. U Power's CEO and Chairman of the Board, Jia Li, signed the request, which seeks to have the Registration Statement become effective at 4:30 pm Eastern Time on October 21, 2024, or as soon as practicable thereafter. This step is in line with Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended.
