Nano Labs Secures $36.25 Million Through Private Placement

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

Nano Labs Ltd, a prominent fabless integrated circuit design company in China, has announced a private placement agreement to sell over 5.6 million Class A ordinary shares, raising approximately $36.25 million. The shares will be purchased using a mix of U.S. dollars, Bitcoin, and USDT, highlighting the company’s innovative approach to financing. This strategic move is expected to bolster Nano Labs’ position in the competitive high-performance computing market.

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