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Nano Labs Stock Soars 101.29% on $500M Convertible Notes Deal
Generated by AI AgentAinvest Pre-Market Radar
Tuesday, Jun 24, 2025 7:25 am ET1min read
Nano Labs' stock surged by 101.29% in pre-market trading on June 24, 2025, marking a significant milestone for the company.
Nano Labs has announced a strategic financial move by entering into a US$500 million convertible notes purchase agreement with several investors. This agreement is part of a broader initiative aimed at acquiring US$1 billion worth of
through convertible notes and private placements. The company's long-term goal is to hold between 5% to 10% of BNB's total circulating supply.The convertible notes will mature in 360 days with no interest accruing on the principal amount. Holders of these notes have the option to convert them into Class A ordinary shares at an initial price of US$20 per share. This financial maneuver is designed to enhance Nano Labs' strategic growth and assess the security and value of BNB.
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