Ucommune International Swaps Warrants for Preferred Shares in Capital Structure Revamp

Ucommune International ( (UK) ) has issued an announcement.

On February 10, 2026, Ucommune International Ltd closed a securities exchange with an existing investor, issuing 6,800 Series A Convertible Preferred Shares in place of previously issued warrants. The new preferred shares can be converted into Class A ordinary shares pursuant to an existing certificate of designations, effectively simplifying the investor’s instruments and aligning them with the company’s current capital structure.

Following issuance of the new preferred shares, the investor surrendered and cancelled all exchanged warrants and related claims, while also granting a limited waiver so the company will not be required to redeem the new preferred shares in cash upon a bankruptcy triggering event. The deal, executed under a Section 3(a)(9) exemption and accompanied by customary representations and indemnities, replaces a 2022 securities purchase framework and may provide Ucommune with greater flexibility over its obligations in stress scenarios, with implications for both capital structure risk and stakeholder recoveries.

More about Ucommune International

Ucommune International Ltd is a China-based provider of co-working spaces and related services, operating shared office environments and ancillary offerings for members across the country. Listed on Nasdaq under the ticker UK, the company is focused on China’s competitive office space and flexible workspace market, where branding, member retention and regulatory conditions are key drivers.

Average Trading Volume: 39,511

Technical Sentiment Signal: Sell

Current Market Cap: $1.02M

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