Nano Labs CEO Acquires 480,000 Class A Ordinary Shares Through Open Market Transactions

Nano Labs CEO Jianping Kong has acquired 480,000 class A ordinary shares through open market transactions using personal funds in August. This follows two previous share purchases by Kong in May and September 2024. The transactions were conducted in compliance with the company's internal trading policies and applicable laws.

Nano Labs Ltd (NASDAQ: NA), a leading Web 3.0 infrastructure and product solution provider, has seen its Chairman and CEO, Jianping Kong, increase his shareholdings. On August 26, 2025, Kong purchased 480,000 Class A ordinary shares through open market transactions, following previous acquisitions in May and September 2024 [1]. These transactions were conducted using personal funds and in compliance with company trading policies and applicable laws.

Kong's latest purchase underscores his confidence in Nano Labs' growth prospects within the Web 3.0 and cryptocurrency sectors. The transactions align with Kong's long-term vision for the company, as he believes that the industry is rapidly evolving and that Nano Labs is well-positioned for sustained development. He indicated that future share purchases may be considered when appropriate [1].

Nano Labs has been actively expanding its cryptocurrency portfolio, including increasing its BNB holdings to 128,000 tokens valued at over $108 million [1]. The company's strategic equity investment in CEA Industries Inc., acquiring 495,050 shares of Class A common stock at $10.10 per share, also reflects its ongoing efforts to enhance its market position [1].

The company's latest financial developments come as it faces profitability challenges, with negative EBITDA of $7.77 million and revenue declining by 52.49% in the last twelve months [1]. However, Nano Labs has entered into an At The Market Offering Agreement with Maxim Group LLC to sell Class A Ordinary Shares with an aggregate offering price of up to $45 million, aiming to use the net proceeds for its BNB and crypto asset reserve strategy, research and development of new products, and general corporate purposes [1].

Nano Labs has positioned itself in the crypto assets space by adopting BNB as its primary reserve asset and holding reserves in cryptocurrencies including BTC. The company's integrated platform covers multiple business verticals, including high throughput computing (HTC) solutions and high-performance computing (HPC) solutions [1].

The CEO's increased shareholding may be interpreted as a signal of confidence in the company’s strategic direction, particularly in light of the rapidly advancing crypto and Web 3.0 markets. Given the volatility and complexity of these sectors, such actions from top leadership can serve as a stabilizing factor for investors and stakeholders [1].

References:
[1] https://www.investing.com/news/company-news/nano-labs-enters-45-million-atthemarket-offering-agreement-93CH-4204784
[2] https://www.stocktitan.net/news/NA/nano-labs-ceo-mr-kong-jianping-increases-shareholdings-by-480-000-1w0uad92i247.html