Nano Labs Ltd (NASDAQ: NA) has announced its entry into a share subscription agreement with select investors to facilitate the sale of 5,611,459 Class A ordinary shares through a private placement. The shares are priced at $6.46 each, resulting in a total transaction value of approximately $36.25 million for this private placement.
Nano Labs operates as a fabless integrated circuit design company and offers advanced product solutions based in China. The company's focus lies in the innovation and development of high throughput computing chips, high performance computing chips, distributed computing and storage solutions, smart network interface cards, vision computing chips, and distributed rendering technologies.
