Nano Labs to sell 913,714 shares at $6.46 in private placement

Nano Labs (NA) announced that it has entered into share subscription agreements with certain investors to sell 913,714 Class A ordinary shares of the company in a private placement. The purchase price per Class A ordinary shares is $6.46, and the aggregate purchase price of the private placement is approximately $5.9M. The aggregate purchase price will be satisfied in Bitcoin and U.S. dollars. The shares are offered in a transaction not required to be registered under Section 5 of the Securities Act. The closing may take place in 10 business days, subject to customary closing conditions. Previously, the company has secured investments from prominent institutions including Fenbushi, Golden Forest, and Longling Capital.