Nano Labs (NA) announced that it has received $1M from previously announced private placement of 913,714 Class A ordinary shares at a purchase price of $6.46 per share, for aggregate gross proceeds of approximately $5.9M. As previously disclosed, the aggregate purchase price shall be satisfied in Bitcoin and USDT. The company has issued additional 154,799 Class A ordinary shares to the investors of this private placement. The shares were offered in a transaction not required to be registered under Section 5 of the Securities Act.
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Read More on NA:
- Nano Labs Receives $4.9 Million in Cryptocurrency from Equity Sale
- Nano Labs receives $4.9M equivalent in bitcoin, USDT from sale of securities
- Nano Labs Ltd Announces Equity Sale and Boosts Bitcoin Holdings
- Nano Labs to sell 913,714 shares at $6.46 in private placement
- Nano Labs increases Bitcoin holdings to 400
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