Nano Labs receives $4.9M equivalent in bitcoin, USDT from sale of securities

Nano Labs (NA) announced that it has received $4.9M equivalent in Bitcoin and USDT from previously announced private placement of 913,714 Class A ordinary shares at a purchase price of $6.46 per share, for aggregate gross proceeds of approximately $5.9M. As previously disclosed, the aggregate purchase price shall be satisfied in Bitcoin and USDT. The Company has issued 758,915 Class A ordinary shares to the investors of this private placement. The shares were offered in a transaction not required to be registered under Section 5 of the Securities Act.