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Nano Labs Secures $500 Million via Convertible Bond Private Placement for BNB Reserve Strategy
5 day ago /
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Author：小编
Nano Labs Ltd. has announced the execution of a subscription agreement for convertible notes with a consortium of investors, raising $500 million through the issuance of these notes. The company also plans to acquire $1 billion worth of BNB through a private placement. The notes carry a maturity of 360 days and are interest-free until their due date, affording holders the option to convert them into the company's Class A common stock. Nano Labs aims to maintain a long-term holding of 5% to 10% of the total circulating supply of BNB.
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