1. Dr. Larry Wu bought 20,000 shares of UCASU at $0.69 each. 2. Wu has purchased nearly 50,000 shares total this year. 3. UCASU posted $0.02 net income per share for fiscal 2024, marking profitability. 4. The company's cannabis property ROI exceeded industry averages for 2024. 5. UCASU plans a secondary public offering with an 8% preferred dividend.
Insider purchasing is typically a positive signal that can drive demand. Historical cases show that such actions often precede price increases.
The article outlines significant insider activity and positive financial results that elevate UCASU's appeal. These factors combined contribute to potential price movement and investor interest.
The immediate perception boost from insider buying may influence current investors. The upcoming secondary offering could also impact short-term liquidity and investor sentiment.
/PRNewswire/ -- UC Asset LP (OTCQB: UCASU) announced today that the company's founder, Dr. Larry Wu, has made additional insider purchases of the company's shares on the open market.
According to a Form 4 filed by Wu, he purchased another 20,000 shares of UCASU at a price of $0.69 per share on May 2, 2025. Earlier this year, he made a similar purchase at a price of $0.6772 per share.
Last September, the company disclosed that its insiders intended to purchase shares on the open market. According to Form 4s filed since then, Wu has cumulatively purchased close to 50,000 shares of the company's common units.
UC Asset is a limited partnership engaged in real estate investment, with a focus on cannabis property in recent years. Last week, the company reported a $0.02 per share net income for fiscal year 2024, marking the second consecutive year of profitability.
Along with its annual report, the company released a statement contending that its cannabis property portfolio's ROI was significantly higher than the industry average for 2024, and had the best performance compared to other public companies holding investments in cannabis properties.
The company plans to launch a secondary public offering via Reg A, to issue preferred units carrying an 8% per annum preferred dividend.
UC Asset LP is a limited partnership formed for the purpose of investing in real estate with innovative strategies. For more information about UC Asset, please visit: www.ucasset.com
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this news release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
+1 470-475-1035; info@ucasset.com
SOURCE UC Asset LP