Nano Labs Ltd (NA), a China-based fabless IC design company, has received $1 million in USDT from its previously announced private placement of 913,714 Class A ordinary shares at $6.46 per share, aiming to raise $5.9 million in total. The purchase price is being settled in Bitcoin and USDT, and an additional 154,799 shares have been issued to investors.
The offering was conducted under an exemption from registration under U.S. securities laws. This announcement does not constitute an offer or solicitation to buy or sell securities.
NA is currently trading at $115.43 or 2.76% higher on the NYSE.
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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.