Nano Labs Ltd (NA) has entered into a share subscription agreement with certain investors to sell 5,611,459 Class A ordinary shares of the company in a private placement. The purchase price per class A ordinary shares is $6.46, and the aggregate purchase price of the private placement is approximately $36.25 million.
Nano Labs is a fabless integrated circuit design company and product solution provider in China. Nano Labs is committed to the development of high throughput computing chips, high performance computing chips, distributed computing and storage solutions, smart network interface cards vision computing chips and distributed rendering.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.