Nano Labs shares surge 11.18% premarket on $25M share repurchase and expanded $112M BNB holdings.

Nano Labs surged 11.18% in premarket trading following announcements of a $25 million share repurchase program and a strategic increase in BNB holdings to $112 million. The board authorized the buyback to enhance long-term corporate value and safeguard shareholder interests, while the expanded BNB reserve underscores the company’s commitment to crypto assets as a core reserve strategy. These moves signal confidence in capital allocation and alignment with market conditions, likely boosting investor sentiment. The AGM results, including share restructuring and governance updates, were less immediately impactful on premarket price action.