Nano Labs (NA) announced that it has entered into a strategic equity investment agreement with CEA Industries (VAPE), a company focused on building BNB reserves. Under the terms of the agreement, Nano Labs subscribed for 495,050 shares of Class A common stock of CEA Industries at a price of $10.10 per share. The investment also includes 495,050 warrants with an exercise price of $15.15 per share. If fully exercised, Nano Labs could hold up to 990,100 shares of the company. This investment constitutes part of CEA INDUSTRIES INC.’s ongoing US$500 million Private Investment in Public Equity financing plan. Proceeds from this tranche are primarily designated for the acquisition of BNB, with the remainder allocated toward working capital, transaction fees, and general corporate purposes. As of the date of this announcement, Nano Labs holds approximately 128,000 BNB in total.
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