Nano Labs Secures $45M ATMs Deal with Maxim Group

Nano Labs has entered into an At The Market Offering agreement with Maxim Group to sell up to $45 million in Class A Ordinary Shares. The company intends to use the net proceeds for BNB and crypto asset reserve strategy, research and development of new products, and general corporate purposes.

Nano Labs Ltd, a leading Web 3.0 infrastructure and product solution provider, has entered into an At-The-Market (ATM) offering agreement with Maxim Group LLC to sell up to $45 million in Class A Ordinary Shares [1]. The company aims to utilize the net proceeds for strategic initiatives, including the BNB and crypto asset reserve strategy, research and development of new products, and general corporate purposes.

The sales, if any, of the Class A Ordinary Shares will be made through legal methods deemed to be an "at the market offering," specifically on the Nasdaq or other trading markets [2]. The offering will be detailed in a prospectus supplement filed with the U.S. Securities and Exchange Commission (SEC), with sales occurring through legal methods defined as "at the market offerings."

The funds raised from the share offering are intended for strategic initiatives, including research and development of new products and the company's BNB and crypto asset reserve strategy. Nano Labs' operations include a focus on high throughput and high-performance computing as well as crypto asset integration.

Nano Labs currently intends to use the net proceeds from the sale of the Class A Ordinary Shares primarily for BNB and crypto asset reserve strategy, research and development of new products, and general corporate purposes and working capital. The sales will be conducted through the Nasdaq.

The offering will be made only by means of a prospectus supplement, filed with the U.S. Securities and Exchange Commission (the "SEC") on August 21, 2025. Electronic copies of the Prospectus Supplement and accompanying base prospectus may be obtained on the SEC’s website at www.sec.gov or by contacting Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022.

References:
[1] https://www.quiverquant.com/news/Nano+Labs+Ltd+Announces+%2445+Million+At+The+Market+Offering+Agreement
[2] https://www.ainvest.com/news/nano-labs-enters-45-million-sales-agreement-class-shares-2508/