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Nano Labs: Plans to raise $5.9 million through private equity transactions and increase Bitcoin holdings to 400

2025-02-21 11:19

Odaily News Nano Labs, a Nasdaq-listed company, announced that it has entered into a share subscription agreement with certain investors to sell 913,714 shares of the company's Class A common stock in a private placement. The purchase price per Class A common stock is $6.46, and the total purchase price of the private placement is approximately $5.9 million.

In addition, Nano Labs also stated that it has recently increased its holdings of Bitcoin, and as of February 21, 2025, it holds a total of approximately 400 Bitcoins, with a current value of approximately US$40 million, and an average acquisition cost of approximately US$99,500, including transaction fees. (PRnewsWire)