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Nano Labs Signs Equity Subscription Agreement to Raise $36.25 million

According to market news, crypto mining chip design company Nano Labs announced that it has signed an equity subscription agreement with "certain investors" to sell 5,611,459 shares of the company's Class A common stock in a private placement. The purchase price of each Class A common stock is 6.46 US dollars, which is the average closing price of 60 trading days before the signing of the subscription agreement. The total amount of private placement is about 36.25 million US dollars, which will be paid in US dollars, bitcoin and USDT. The relevant investor information has not been disclosed yet.