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Hong Kong, June 26, 2025 (Global Newswire) — Nano Labs Ltd (Nasdaq: NA) (“the Company” or “Nano Labs”), a leading provider of Web 3.0 infrastructure and product solutions in China, today announced that it has entered into a securities purchase agreement with certain institutional investors. Under the agreement, the Company will issue and sell 5,952,381 Class A ordinary shares (the “Ordinary Shares”) in a registered direct offering. Concurrently, in a private placement, the Company has also agreed to issue and sell warrants to purchase up to an additional 5,952,381 Ordinary Shares.

Gross proceeds from the registered direct offering and concurrent private placement are expected to be approximately US$50 million, before deducting placement agent fees and other estimated offering expenses payable by the Company.

The net proceeds from the offering and potential warrant exercises will be used to acquire BNB (Binance Coin) as part of the Company’s digital asset strategy.

The offering is expected to close on or around June 27, 2025, subject to customary closing conditions.

Previously, the Company entered into a convertible note investment agreement totaling US$500 million with investors and has accumulated over 1,000 bitcoins to date.

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Nano Labs Secures $50 Million Financing Deal to Advance BNB Strategic Reserve

Hong Kong, China – June 24, 2025 (Global Newswire) — Nano Labs Ltd. (Nasdaq: NA) (“the Company” or “Nano Labs”), a leading provider of Web 3.0 infrastructure and product solutions in China, today announced that it has entered into a Convertible Note Subscription Agreement (the “Agreement”) with a group of investors. Under the Agreement, the Company has agreed to issue, and the investors have agreed to subscribe for, convertible promissory notes (the “Notes”) with an aggregate principal amount of USD 500 million.

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The Notes will mature 360 days from the date of issuance and will bear no interest prior to maturity. During the term of the Notes (within 360 days from the issuance date), the holders may elect to convert all or a portion of the outstanding principal into Class A ordinary shares of the Company (the “Ordinary Shares”). The initial conversion price is set at USD 20 per Ordinary Share, subject to adjustments in accordance with the terms of the Notes. If not converted prior to maturity, the Company will repay the entire outstanding principal amount on the maturity date. The Notes represent the Company’s unsecured general obligations.

The closing of the transaction is subject to customary closing conditions. There is no assurance that the transaction will be completed in whole or in part, and investors should not place undue reliance on the information contained in this press release.

The execution of the Agreement marks a significant step in the Company’s strategic growth plan. As part of this strategy, Nano Labs will conduct a comprehensive evaluation of the security and value of BNB. In the initial phase, the Company intends to acquire BNB valued at USD 1 billion through this private placement of convertible notes. In the long term, Nano Labs aims to hold between 5% and 10% of BNB’s total circulating supply.

Nano Labs Announces $500 Million Private Placement of Convertible Promissory Notes for Strategic BNB Reserve

HONG KONG, June 23, 2025 (GLOBE NEWSWIRE) — Nano Labs Ltd (Nasdaq: NA) (“we,” “the Company,” or “Nano Labs”), a leading provider of Web3.0 infrastructure and product solutions in China, today announced its intention to jointly apply for the relevant licenses with strategic partners to engage in Hong Kong dollar and offshore RMB stablecoin-related businesses following the official implementation of the Hong Kong Stablecoin Bill (the “Stablecoin Bill”).

In parallel, Nano Labs also plans to build a stablecoin technology framework that will support blockchain networks including Bitcoin and Binance Coin (BNB). The Company aims to empower the stablecoin ecosystem and the broader Web3.0 industry through the development of strategic partnerships.

On May 21, 2025, the Legislative Council of the Hong Kong Special Administrative Region officially passed the Stablecoin Bill, which establishes a licensing regime for issuers of fiat-referenced stablecoins (“FRS”), further reinforcing Hong Kong’s position as a global hub for digital asset finance. Subsequently, on June 6, 2025, the Hong Kong government announced in the Gazette that the Stablecoin Bill will officially take effect on August 1, 2025.

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Nano Labs Secures $50 Million Financing Deal to Advance BNB Strategic Reserve

Nano Labs Announces $500 Million Private Placement of Convertible Promissory Notes for Strategic BNB Reserve

Nano Labs Plans to Apply for License for HKD and Offshore RMB Stablecoin Businesses