Nano Labs Ltd (NA) Prices 2.08M ADS Offering at $2.40/ADS

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Go back to Nano Labs Ltd (NA) Prices 2.08M ADS Offering at $2.40/ADS

Nano Labs Ltd Announces Pricing of Public Offering of American Depositary Shares

September 27, 2022 10:30 PM EDT

HANGZHOU, China, Sept. 27, 2022 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) (the Company or Nano Labs), a leading fabless integrated circuit (IC) design company and product solution provider in China, today announced that the previously announced registered public offering of American depositary shares (ADSs) by the Company was priced at US$2.40 per ADS. The Company will issue and sell 2,083,334 ADSs, each representing two Class A ordinary shares of the Company. The Company has granted the underwriters a 30-day option to purchase up to an aggregate of 312,500 additional ADSs. The gross proceeds to the Company will be... More