Nano Labs Signs Equity Subscription Agreement to Raise $36.25 Million

According to market sources, cryptocurrency mining chip design company Nano Labs has announced the signing of an equity subscription agreement with "certain investors" to sell 5,611,459 shares of Class A common stock in a private placement. The purchase price for each Class A common stock is $6.46, which is the average closing price of the 60 trading days prior to the signing of the subscription agreement. The total amount of the private placement is approximately $36.25 million, which will be paid in US dollars, Bitcoin, and USDT. Currently, information about the relevant investors has not been disclosed.