HONG
KONG, Feb. 21, 2025 /PRNewswire/ -- Nano Labs
Ltd (Nasdaq: NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated
circuit design company and product solution provider in
China, today announced that it has
entered into share subscription agreements (the "Subscription
Agreements") with certain investors (the "Investors") to sell
913,714 Class A ordinary shares of the Company in a private
placement (the "Private Placement"). The purchase price per
Class A ordinary shares is US$6.46,
and the aggregate purchase price of the Private Placement is
approximately US$5.9 million (the
"Aggregate Purchase Price"). The Aggregate Purchase Price will be
satisfied in Bitcoin (BTC) and USDT. The shares are
offered in a transaction not required to be registered under
Section 5 of the Securities Act. The closing may take place in 10
business days, subject to customary closing conditions. Previously,
the Company has secured investments from prominent institutions
including FENBUSHI, Golden Forest,
and Longling Capital.
In addition, the Company has recently increased
its Bitcoin holdings. As of February 21, 2025, the Company holds a total of
approximately 400 Bitcoins, with a current value of
approximately US$40 million. The average acquisition cost of
its Bitcoin holdings is approximately US$99,500 per BTC, inclusive of transaction
fees.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Nano Labs Ltd
Nano Labs Ltd is a leading fabless integrated circuit ("IC")
design company and product solution provider in China. Nano
Labs is committed to the development of high throughput
computing ("HTC") chips, high performance computing ("HPC") chips,
distributed computing and storage solutions, smart network
interface cards ("NICs") vision computing chips and distributed
rendering. Nano Labs has built a
comprehensive flow processing unit ("FPU") architecture which
offers solution that integrates the features of both HTC and HPC.
Nano Lab's Cuckoo series are one of
the first near-memory HTC chips available in the market*. For more
information, please visit the Company's website at: ir.nano.cn.
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*
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According to an
industry report prepared by Frost & Sullivan.
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Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and as defined in the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include, without limitation, the Company's plan to
appeal the Staff's determination, which can be identified by
terminology such as "may," "will," "expect," "anticipate," "aim,"
"estimate," "intend," "plan," "believe," "potential," "continue,"
"is/are likely to" or other similar expressions. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the Securities and Exchange Commission. The Company
does not undertake any obligation to update any forward-looking
statement as a result of new information, future events or
otherwise, except as required under law.
For investor inquiries, please contact:
Nano Labs Ltd
ir@nano.cn
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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SOURCE Nano Labs Ltd