Question 1: Where is Ucommune headquartered?

Ucommune is headquartered in Beijing, China, at the address below:

Floor 8, Tower D, No.2 Guang Hua Road

Chaoyang District, Beijing

People's Republic of China, 100025


Question 2: When does Ucommune’s fiscal year end?

Ucommune’s fiscal year ends on the 31st of December.


Question 3: Who is Ucommune’s legal counsel?

Davis Polk & Wardwell LLP


Question 4: Who is Ucommune’s auditor?

Marcum Bernstein & Pinchuk LLP


Question 5: How do I contact Ucommune International Limited with a question or request more information?


For additional inquiries, please contact:

Ucommune International Limited


Xinran Rao

+1 (212) 537-3847 


Question 6: When can I exercise my public warrants?

The public warrants become exercisable on November 17, 2020.


Question 7: What is a warrant and what are the characteristics of a warrant?

Warrants are a derivative that give the right, but not the obligation, to buy or sell a security (most commonly an equity) at a certain price before expiration. The price at which the underlying security can be bought or sold is referred to as the “exercise price” or “strike price”. The last day that an investor can execute the rights of the warrants is referred to as the “expiration date”. The number of warrants needed to buy or sell one underlying security is referred to as the “conversion ratio”.


Question 8: What is the tenure of the warrant and when is the expiry date of the warrants?

The duration of the warrants (Nasdaq: UKOMW) is five years (or earlier upon redemption or liquidation). The warrants become exercisable on November 17, 2020 and will expire on November 16, 2025.


Question 9: What is the strike price of the warrants?

$11.50 per full share.


Question 10: What is the conversion ratio of the warrants?

The conversion ratio for the warrants (Nasdaq: UKOMW) is 2. Each warrant has the right to purchase one-half of one Ucommune International Ltd. Class A Ordinary Share(Nasdaq: UK).


Question 11: Why do companies issue warrants?

Companies typically issue warrants to raise capital and encourage investors to invest in equity of their companies.


Question 12: When do the warrants come into play?

An investor will typically choose to exercise the warrants if the underlying security is trading at a higher price than the exercise price of the warrants.