Nano Labs Ltd (NA) Announces $500M Convertible Notes Private Placement

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Go back to Nano Labs Ltd (NA) Announces $500M Convertible Notes Private Placement

Nano Labs Announces US$500 Million Convertible Notes Private Placement for BNB Treasury Strategy

June 24, 2025 6:00 AM EDT

HONG KONG, June 24, 2025 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) ("we," the "Company" or "Nano Labs"), a leading Web 3.0 infrastructure and product solution provider in China, today announces that it has entered into a convertible notes purchase agreement (the Agreement) under which the Company has agreed to issue, and several investors have agreed to subscribe for, a convertible promissory notes in the aggregate principal amount of US$500 million (the Notes).

The Notes will mature in 360 days following the issuance, with no interest accruing on the outstanding principal... More