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Nano Labs Soars 13.41% on $500M Convertible Notes Deal
Generated by AI AgentAinvest Pre-Market Radar
Tuesday, Jun 24, 2025 6:17 am ET1min read
Nano Labs' stock surged 13.41% in pre-market trading on June 24, 2025, marking a significant rise in investor interest and confidence in the company's future prospects.
Nano Labs has recently secured a $500 million convertible notes purchase agreement with several investors. These notes, which mature in 360 days with no interest, are convertible into Class A ordinary shares at an initial price of $20 per share. This financial move is part of a broader strategic initiative aimed at acquiring $1 billion worth of
through convertible notes and private placements. The company's long-term goal is to hold between 5% and 10% of BNB's total circulating supply, demonstrating its commitment to expanding its presence in the cryptocurrency market.Additionally,
has plans to apply for a license for HKD and offshore operations, further solidifying its position in the global financial landscape. This strategic move is expected to enhance the company's operational capabilities and market reach, potentially driving further growth and investor interest.
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