Nano Labs (NA) entered into an At The Market Offering Agreement with Maxim Group as sole sales agent to sell its shares of Class A Ordinary Shares par value $0.002 per share from time to time in an at the market offering. Pursuant to the Prospectus Supplement and accompanying base prospectus, the company may offer and sell the Class A Ordinary Shares from time to time under the Sales Agreement having an aggregate offering price of up to $45,000,000 in the Offering. Nano Labs currently intends to use the net proceeds from the sale of the Class A Ordinary Shares offered by the Company under the Sales Agreement primarily for BNB and crypto asset reserve strategy, research and development of new products and general corporate purposes and working capital.
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