Nano Labs Releases New Share Purchase Warrant

Nano Labs Ltd. Sponsored ADR Class A (NA) has released an update.

Nano Labs Ltd. has issued a Class A Ordinary Share Purchase Warrant, allowing holders to purchase company shares at an exercise price of $1.26 each. The warrants can be exercised starting April 15, 2024, and are available until the fifth anniversary of the Resale Registration Statement’s effective date. Additionally, the warrant includes a cashless exercise option available to holders after the six-month anniversary of the closing date when certain conditions apply.

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