Nano Labs Announces Up to $25 Million Share Repurchase Program

Nano Labs Ltd has announced a share repurchase program to buy back up to $25.0 million worth of its shares over the next 12 months. The company plans to fund repurchases from its existing cash balance and proceeds from the liquidation of crypto assets. The number of shares to be repurchased and the timing of repurchases will depend on market conditions and the company's working capital requirements.

Nano Labs Ltd (Nasdaq: NA), a leading Web 3.0 infrastructure and product solution provider, has authorized a share repurchase program of up to $25.0 million. The program, which is subject to market conditions, will be executed over the next 12 months. Repurchases may occur through open-market transactions, privately negotiated trades, or block trades, depending on factors such as price, trading volume, market conditions, and the company's working capital needs Nano Labs Ltd Announces up to US$25.0 Million Share Repurchase Program^[1].

The share repurchase program is designed to be flexible and can be adjusted by the company's board of directors. Funding for the repurchases will come from the company's existing cash balance and proceeds from the liquidation of crypto assets. The number of shares to be repurchased and the timing of these transactions will be determined by various factors, including market conditions and the company's financial needs Nano Labs Ltd Announces up to US$25.0 Million Share Repurchase Program^[1].

Nano Labs Ltd has been actively positioning itself in the crypto assets space, adopting BNB as its primary reserve asset and establishing an integrated platform covering multiple business verticals, including high throughput computing (HTC) solutions and high-performance computing (HPC) solutions Financing Weekly Report | 22 publicly disclosed financing events; Polymarket secures $2 billion in strategic investment from NYSE parent company at $9 billion post-money valuation^[2].

The announcement follows a significant surge in crypto and blockchain investment, with over $2.568 billion raised across 22 public deals last week Financing Weekly Report | 22 publicly disclosed financing events; Polymarket secures $2 billion in strategic investment from NYSE parent company at $9 billion post-money valuation^[2]. This includes a $2 billion strategic investment in prediction market Polymarket and the establishment of a $1 billion fund for the BNB ecosystem.

Investors should carefully consider the risks and uncertainties described in the "Risk Factors" section of the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2024, which was filed by the Company with the SEC on April 11, 2025 Nano Labs Ltd Announces up to US$25.0 Million Share Repurchase Program^[1].