SCHEDULE: Bank of America Discloses U Power Ltd Stake

Bank of America Corp. has reported beneficial ownership of 1,328,553 Class A Ordinary Shares in U Power Ltd, representing 6.3% of the class.

Summary

• Bank of America Corp. (DE) has filed a Schedule 13G, indicating its beneficial ownership of U Power Ltd's Class A Ordinary Shares.
• The filing reports that Bank of America Corp. beneficially owns 1,328,553 shares.
• This holding represents 6.3% of the total class of securities.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of influencing control of the issuer.
• The CUSIP number for U Power Ltd's Class A Ordinary Shares is G9520U124.
• The beneficial ownership calculation is presented on a pre-split basis, referencing 20,963,440 outstanding shares disclosed in the issuer's prospectus dated March 20, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing neutrally as it is a routine disclosure of beneficial ownership by an institutional investor and does not contain operational or financial performance data of the issuer.

Positives

• Bank of America Corp. holds a significant minority stake (6.3%) in U Power Ltd, suggesting potential confidence in the company's prospects.
• The filing confirms that the shares were acquired and are held in the ordinary course of business, indicating a passive investment rather than an attempt to gain control.

Negatives

• The filing does not provide details on the cost basis or specific investment strategy behind the acquisition of these shares.

Risks

• The filing does not explicitly mention any risks associated with the investment or the company itself.

Future Outlook

The filing does not contain any forward-looking statements or guidance from U Power Ltd. It solely reports the beneficial ownership of Bank of America Corp.

Management Comments

• "The security CUSIP corresponds to U Power Limited's Class A common stock CUSIP International Numbering System (CINS) after the reverse stock split implemented on April 1, 2026. Beneficial ownership calculation is presented on a pre-split basis."
• "The beneficial ownership calculation relies on the 20,963,440 outstanding shares disclosed in the Prospectus by the issuer on March 20, 2026, which reports share totals as of June 30, 2025."
• "This statement on Schedule 13G is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiary BofA Securities, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o)."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors like Bank of America Corp. when they acquire a passive stake of 5% or more in a publicly traded company. This filing indicates Bank of America's role as a significant, but not controlling, shareholder in U Power Ltd.

Stakeholder Impact

• Shareholders of U Power Ltd: The filing confirms a significant institutional investor, Bank of America Corp., holds a 6.3% stake, which could be perceived positively by the market.
• Potential Investors: This filing provides transparency regarding major shareholders, which is a key consideration for investment analysis.

Next Steps

• Bank of America Corp. will continue to hold its shares in U Power Ltd in the ordinary course of business.
• Future filings may be required if there are significant changes in beneficial ownership.

Key Dates

Keywords

U Power Ltd, Schedule 13G, Bank of America Corp, Class A Ordinary Shares, Beneficial Ownership, SEC Filing, CUSIP, Investment