Ucommune International Ltd (UK) is a global leading co-working space provider that offers an array of office space solutions to a network of budding businesses, building entrepreneurial communities where members can connect, create, and innovate. Ucommune is headquartered in Beijing, China but maintains a strong international presence in more than 200 locations across more than 20 globally recognized business hubs. The company was formerly known as Orisun Acquisition Corp and changed its name to Ucommune International Ltd in November 2020.
Ucommune was established in 2015 with a goal to create a flexible, diverse, and innovative workspace that fosters a creative working environment conducive to increased productivity. Ucommune’s business model caters for a flexible membership scheme, giving its members access to a wide spectrum of professional services, including but not limited to, customizable office spaces, conference rooms, shared workstations, and business services such as legal advice and HR support.
In line with its commitment to innovation and technological integration, Ucommune employs artificial intelligence and big data to improve community management and to enhance user experience. The app developed by Ucommune grants its members quick and easy access to workspaces and provides a convenient platform for them to network and collaborate.
Ucommune's mission is to provide SMEs and entrepreneurs with a platform that allows them to lower costs while forging new connections, fostering collaboration, and driving innovativeness. Ucommune’s wide portfolio of clients features a multitude of industries ranging from tech start-ups, blockchain, artificial intelligence, fintech, to creative industries.
Ucommune has made significant strides in the coworking arena since its inception. The company has attracted numerous large-scale enterprises and multinational corporations given its all-encompassing suite of offerings, resulting in a thriving community of innovative and collaborative businesses.
Becoming a listed company on the Nasdaq Stock Market symbolized another milestone for Ucommune and showcased the company's potential for profitability and growth. However, like other co-working firms, Ucommune faces market challenges in the face of the global pandemic, as remote working trends foster uncertainties for the future of shared office spaces.
With its continuing commitment to adapt and evolve, Ucommune aims to revolutionize the traditional work environment through creativity, connectivity, and collaboration. Through catering to the diverse needs of the business community, Ucommune has firmly implemented itself as a central figure in the coworking space market and encapsulates the rapidly changing and innovative nature of the modern workplace.
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Ucommune International shareholders have approved a conditional share consolidation plan, allowing for a 2:1-to-10:1 ratio if the Nasdaq closing bid price for Class A shares falls below $1 for three consecutive trading days. The resolution also authorized an increase in the company's capital to one billion shares. This move aims to ensure Nasdaq compliance and manage the company's capital structure within the flexible-workspace industry.
Ucommune International Ltd shareholders approved a conditional share consolidation and an increase in authorized share capital during an extraordinary general meeting. This consolidation will activate if the company's Class A Ordinary Share price on Nasdaq falls below US$1.00 for three consecutive trading days. The company can choose from six consolidation ratios, with the highest ratio ensuring at least 500,000 Publicly Held Shares remain post-consolidation.
Ucommune International (UK) will hold an extraordinary general meeting on November 9, 2026, to approve a conditional reverse share split and an increase in authorized share capital. These measures are designed to maintain Nasdaq listing compliance and provide flexibility for future equity issuance. The reverse split, at ratios from 2-for-1 to 10-for-1, would be enacted if the Nasdaq bid price falls below US$1.00 for three consecutive trading days.
Ucommune International will hold an extraordinary general meeting on November 9, 2026, to seek shareholder approval for a conditional reverse share split and an increase in authorized share capital. These measures are designed to help the company maintain Nasdaq listing compliance and provide flexibility for future equity issuance. The reverse split, at ratios from 2-for-1 to 10-for-1, would be triggered if the stock price falls below US$1.00 for three consecutive trading days.
Ucommune International Ltd has issued waiver agreements for its Series A Convertible Preferred Shares, with a par value of $0.24 per share, granting limited waivers to institutional investors on specific provisions. These waivers, effective September 14, 2026, address cash redemption rights in the event of bankruptcy and ensure that the company's transfer agent will honor conversion notices despite the failure of a second exchange. Ucommune will cover associated fees for placement agents, financial advisors, transfer agents, and the Depository Trust Company.